Odyssey Marine Article...

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The guy in the video is Tom Dettweiler, a friend of mine for over 20 years. He and I had a company that tried in vain to secure shipwreck permits in Portugal and the Azores in the late 80's and early 90's. He was mission planner for TITANIC and BISMARCK with Wood's Hole and then left there to work with Nauticos, the company that found I-52, Israeli sub DAKAR and IJN carrier KAGA.

Odyssey knew what they were doing when they hired Tom, he's also one of the nicest guys you'll ever meet!


Pirate Diver
 

SUNKEN 'TREASURE' YIELDS RICH BOOTY

By ROBERT RORKE
The New York Post

Being the first humans to see a shipwreck site never gets old," says Gregg Stemm, Co-Founder of Odyssey Marine Exploration. In "Treasure Quest," the new Discovery Channel series, Stemm and his team take to the high seas in search of silver and gold coins and artifacts.

In the first episode, airing Thursday, Stemm's ship, Odyssey Explorer, goes on the hunt for the Merchant Royal, a 17th-century treasure vessel that contains 32 cannons and a bronze ship bell. With the help of Zeus, a multimillion, 8-ton robot that can be lowered onto selected target sites and retrieve artifacts one by one with its "arms."

Equipped as well with a high-definition camera, Zeus can transmit live images to the crew in the control room.Stemm, who studied Marine Biology in college, has an impressive track record in deep-ocean archaeology. In 2003, he and his team found the Civil War shipwreck SS Republic. Lost in a hurricane in 1865, the Republic went down 100 miles off the coast of Georgia. The booty included over 51,000 coins and 14,000 artifacts. Even more stellar, Stemm discovered, in 2007, the largest historic treasure find to date-the Black Swan. Over 500,000 coins were recovered from the Colonial-era site.

Over the course of the 11-week series, the Odyssey Explorer tours WWII wreck sites, identifying four German U-boats in four days, and finding one American boat the Cyrus H. McCormack, the last of the WWII convoy boats to be sunk by the enemy. Stemm and crew also visit the site of the Lusitania wreckage.

As he says, "Shipwrecks tell wonderful stories of the past, and we are passionate about sharing these stories and the treasures recovered with the world."
 

How does Admirality work in an instance where this claim is 5 miles out from center point IE coordinated TBD?
What if this is on the border or close to international waters, does the claim stop at the 3 or 9 mile limit depending on the coast?
 

Extremely clever advertising Jeff ! Give Odyssey a human touch, People , faces and names !
makes you feel you should invited them home to meet mum .
They had me cracking up on the farting scene, must be a boy thing, very clever
Ossy
 

Jeff K said:

List of the load that embarked in Veracruz the ship El Soberbio that shipwrecked in the [beach] Barrosa on the day February 2, 1752

Her majesty
1 little box of currencies......

Privates
1,131,331 pesos in coined silver
15,806 in doubloons
764 marks of figured silver
19 ounces of jewels of gold......

AGI, Section Consulados, bundle # 865

Jeff, this is to demonstrate facts, the rest is pure speculations of stock market.
 

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Mariner... From what I can tell, the treasure belonged to a consortium of English merchants, Capt. John Limbrey, and the Fugger banking family.

"Among those consignments was a freight of 60 chests of silver coins and bullions from the Spanish banking house of Escuazola. Research indicates this financial firm, also Spain’s agents for the rich and powerful European banking house of Fugger, apparently intended the money to redeem bills of exchange in Flanders – a kind of “inter-bank transfer” of money between two private interests. The Dover Merchant was available to accompany Limbrey’s ship and its rich cargo when the two vessels departed for England."

http://en.wikipedia.org/wiki/Fugger
 

Thanks Jeff,

But just because the Spanish bank was the agent for the Fuggers, among others, does not mean that the coins belonged to the Fuggers.

If I owe you money and I mail it to you, but the payment gets lost on the way, I still owe you the money, wouldn't you agree? The coins still belonged to the Spanish banking house of Escuazola, if you are correct in the information you provided, or to whoever they were acting for in sending the money, depending on their contractual arrangements.

Mariner
 

Mariner... What's the difference if it belonged to a Spanish bank or German bank? It was a commercial shipment as far as I know.
 

Jeff,

I was interested as to why you excluded any Spanish interest in your previous response, when there clearly is one.

Mariner
 

w2sd

I think that from what Jeff said in his earlier post that the Bank was independent (albeit an agent for the Spanish Government amongst others). It might matter if the bank was acting on behalf of the Spanish Government. The issue is understanding to whom the coins belonged, and that would depend on the agreements between the bank and its client. My point is that Jeff went out of his way to exclude any Spanish interest in the cargo, and I wonder why he did that.

Mariner
 

Mariner... No need to worry, because Spain has no claim on the MR. Odyssey knows this from their research, and Spain's attorney now knows this since he has copies of all the documents. Also, I doubt if the arrested shipwreck is the MR. It's just common sense if it was the MR, they would have found some coins or bars of silver.
 

Jeff,

I happen to agree with your conclusions. It is just that overstating the case, or providing a slanted view, does little to enhance personal credibility.

Best wishes,

Mariner
 

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