Odyssey Marine Article...

[jeff k]

Claudio... Maybe this will help.

1. E 'stato ampiamente riportato che il naufragio potrebbe valere fino a $ 500 milioni. Qual è la posizione della Società su questo?

La Società non ha stimato il valore complessivo potenziale del naufragio, ad eccezione di stimare in via preliminare una vasta gamma di potenziali prezzi al dettaglio sulla base delle monete che sono stati conservati fino ad oggi.

Quello che sappiamo è che abbiamo recuperato oltre 500.000 monete d'argento di peso superiore a 17 tonnellate, insieme ad alcune monete d'oro e di altri manufatti. Dopo la conservazione delle prime 6.000 monete, abbiamo chiesto che un numismatico e uno dei marketer del mondo della moneta più esperti, Nick Bruyer, ispezionare le monete e di fornire un parere sulla fissazione dei prezzi al dettaglio che ci si poteva aspettare dalla collezione.

Basato su parere Mr. Bruyer, la Odyssey ha riferito che ci aspettavamo il prezzo al dettaglio delle monete d'argento di varia da alcune centinaia a quattromila dollari per ogni gettone. Questa vasta gamma di prezzi che dipendono dalla condizione, l'origine e la data dei singoli pezzi. Siamo consapevoli che in un intervista con un giornalista, il signor Bruyer ha fornito la sua opinione che il prezzo medio al dettaglio delle monete potrebbe essere di circa 1.000 dollari sulla base del piccolo campione di monete che ha ispezionato. Questo è stato segnalato come un potenziale di 500 milioni dollari di valore al dettaglio per le monete, che spiega come e dove quella cifra origine.

Posizione di Odyssey è che fino a che tutte le monete sono conservati, documentati e classificati, è impossibile sapere cosa l'intera collezione avrebbe portato al dettaglio. Basata sulle monete che sono stati conservati fino ad oggi e che egli è stato in grado di controllare, ci sono confortevoli, con l'opinione del signor Bruyer che le monete da Swan "Black" porterà da diverse centinaia a quattromila dollari per ogni gettone di vendita al dettaglio. Si tratta di stime che potrebbe cambiare in modo significativo quando il resto delle monete sono conservate e non includono i costi di marketing e vendite, i ricavi in modo effettivo Odyssey sarebbe molto inferiore a quello dei prezzi di vendita al dettaglio.

 

Amazon Forum Fav 👍

A Handbook of Civil War Bullets and Cartridges - Grab it through Amazon!

[jeff k]

Here's what Odyssey reported when they announced the discovery. They never put a value on the coins at any time. Anybody that says otherwise is a liar.

Odyssey's Latest Shipwreck Find Yields over 500,000 Silver and Gold Coins
Friday May 18, 2007, 9:15 am ET

World's Largest Historical Shipwreck Coin Recovery Produces Record 17 Tons of Silver Currency

TAMPA, Fla.--(BUSINESS WIRE)--Odyssey Marine Exploration (AMEX:OMR - News), the world's leader in the field of deep-ocean shipwreck exploration announced today that it has completed the pre-disturbance archaeological survey and preliminary excavation of a Colonial period shipwreck site code-named "Black Swan" in an undisclosed location in the Atlantic Ocean.

The artifacts recovered from the site include over 500,000 silver coins weighing more than 17 tons, hundreds of gold coins, worked gold, and other artifacts. All recovered items have been legally imported into the Unites States and placed in a secure, undisclosed location where they are undergoing conservation and documentation.

It is believed that this recovery constitutes the largest collection of coins ever excavated from a historical shipwreck site. They were recovered in conformity with Salvage Law and the Law of the Sea Convention, beyond the territorial waters or legal jurisdiction of any country. The Company does not believe that the recovery is subject to sovereign immunity by any nation pursuant to the Law of the Sea Convention.

The work accomplished to date on this site has diligently followed archaeological protocols using advanced robotic technology, and the artifacts are now undergoing a meticulous conservation process by some of the world's most experienced coin conservators.

The Company is not prepared to disclose the possible identity of the shipwreck at this time, and may only do so after thoroughly examining the artifacts, analyzing the research and proving the identity, if possible, of the shipwreck.

"Our research suggests that there were a number of Colonial period shipwrecks that were lost in the area where this site is located, so we are being very cautious about speculating as to the possible identity of the shipwreck," said John Morris, Odyssey Co-founder and CEO. "Nevertheless, we have treated this site with kid gloves and the archaeological work done by our team out there is unsurpassed. We are thoroughly documenting and recording the site, which we believe will have immense historical significance."

"The remarkable condition of most of the first 6,000 silver coins conserved has been a pleasant surprise, and the gold coins are almost all dazzling mint state specimens," said Greg Stemm, Odyssey's Co-founder. "We are excited by the wide range of dates, origins and varieties of the coins, and we believe that the collecting community will be thrilled when they see the quality and diversity of the collection."

The excavation of this site follows Odyssey's successful excavation of the SS Republic®, a shipwreck lost in 1865 off the US coast. The deep ocean robotic archaeological excavation of that site produced approximately 65,000 artifacts, including over 50,000 coins with a retail value of over $75 million.

The company is continuing operations on several other projects with its ships and ROV systems, and is currently awaiting the appointment of Spanish archaeologists following an arrangement with the Spanish Government and the Junta of Andalucia prior to resuming operations on the Sussex project pursuant to an agreement with the UK Government.

For security reasons, as with the "Black Swan" project, the company may only announce the results of the other current projects after completion of the excavations or delivery of the artifacts to a safe location.

 

[Vox veritas]

Claudio... Maybe this will help.

1. E 'stato ampiamente riportato che il naufragio potrebbe valere fino a $ 500 milioni. Qual è la posizione della Società su questo?

La Società non ha stimato il valore complessivo potenziale del naufragio, ad eccezione di stimare in via preliminare una vasta gamma di potenziali prezzi al dettaglio sulla base delle monete che sono stati conservati fino ad oggi.

Quello che sappiamo è che abbiamo recuperato oltre 500.000 monete d'argento di peso superiore a 17 tonnellate, insieme ad alcune monete d'oro e di altri manufatti. Dopo la conservazione delle prime 6.000 monete, abbiamo chiesto che un numismatico e uno dei marketer del mondo della moneta più esperti, Nick Bruyer, ispezionare le monete e di fornire un parere sulla fissazione dei prezzi al dettaglio che ci si poteva aspettare dalla collezione.

Basato su parere Mr. Bruyer, la Odyssey ha riferito che ci aspettavamo il prezzo al dettaglio delle monete d'argento di varia da alcune centinaia a quattromila dollari per ogni gettone. Questa vasta gamma di prezzi che dipendono dalla condizione, l'origine e la data dei singoli pezzi. Siamo consapevoli che in un intervista con un giornalista, il signor Bruyer ha fornito la sua opinione che il prezzo medio al dettaglio delle monete potrebbe essere di circa 1.000 dollari sulla base del piccolo campione di monete che ha ispezionato. Questo è stato segnalato come un potenziale di 500 milioni dollari di valore al dettaglio per le monete, che spiega come e dove quella cifra origine.

Posizione di Odyssey è che fino a che tutte le monete sono conservati, documentati e classificati, è impossibile sapere cosa l'intera collezione avrebbe portato al dettaglio. Basata sulle monete che sono stati conservati fino ad oggi e che egli è stato in grado di controllare, ci sono confortevoli, con l'opinione del signor Bruyer che le monete da Swan "Black" porterà da diverse centinaia a quattromila dollari per ogni gettone di vendita al dettaglio. Si tratta di stime che potrebbe cambiare in modo significativo quando il resto delle monete sono conservate e non includono i costi di marketing e vendite, i ricavi in modo effettivo Odyssey sarebbe molto inferiore a quello dei prezzi di vendita al dettaglio.

Source please.

 

[trinidad]

Well, I think there is a documented source of the value of the "treasure" that comes directly from Odyssey: the Gibraltar papers that Odyssey had to fulfill to take the coins and all to the US. On theses papers Odyssey give a "tax value" of the cargo: four millions dollars, far away of the 500 millions of dollars continuously repeated for the press.

 

[MORE AND BEYOND OSSY]

trinidad, where have you been the last two years? Amigo i have it coming out of Greg Stemn own mouth !!
remember Treasure Quest ( Discovery channel ) I can send you a copy if you like !
He clearly talks up the value of each coin being more than $1000.00 us each
trinidad do you have Odyssey shares?
Ossy
Sorry Jeff, I can send you a copy as well !

 

[jeff k]

trinidad, where have you been the last two years? Amigo i have it coming out of Greg Stemn own mouth !!
remember Treasure Quest ( Discovery channel ) I can send you a copy if you like !
He clearly talks up the value of each coin being more than $1000.00 us each
trinidad do you have Odyssey shares?
Ossy
Sorry Jeff, I can send you a copy as well !

I guess you're referring to the Black Swan episode where Greg says, "If these coins are worth a thousand dollars each, then that's a million dollar bucket." I wouldn't exactly say that's a statement of fact, or a company valuation of the coins. That episode was shown almost two years after they found the Black Swan.

 

[MORE AND BEYOND OSSY]

Hi Jeff, Odyssey keep telling us they are the world leader in this field, Greg is the CEO. He makes the statement !
It's funny how now that Odyssey are losing their grip on the Black Swan " we never put a price on it "
I have always said it was never worth $500,000, All the Hype was to get the stock share prices up, It was always very clear !
I wish Odyssey well with their new finds. this has been a learning curve for all.
Ossy

 

[mariner]

Odyssey's stock has dropped by 65% in the last year, most of the fall coming in the last three months. It strikes me that the significance of the recent comments by the US Government has not yet reached most of the shareholders, so I would not be surprised to see further falls in the next month or so.

Mariner

 

[wreckdiver1715]

Odyssey's stock has dropped by 65% in the last year, most of the fall coming in the last three months. It strikes me that the significance of the recent comments by the US Government has not yet reached most of the shareholders, so I would not be surprised to see further falls in the next month or so.

Mariner

Most stocks across the globe have had considerable drops in value during the last year. Sounds like an opportunity to BUY this and many other stocks.

 

[mariner]

WD1715,

The Dow Jones average is actually about the same level as it was in October 2008. In that same period Odyssey's stock has fallen by 65%.

Of course the economy has had a traumatic time all round, though on average there has been something of a recovery in stock prices in the last six months. Given Odyssey's range of projects, and the fact that they might yet get something out of the Black Swan, it might well be a good time to buy OMEX. Certainly a bad time to sell if you bought the stock a year ago.

Best wishes,

Mariner

 

[jeff k]

Mariner... The stock dropped over $2 per share when Judge Pizzo filed his recommendation. We should be hearing something about the HMS Victory by the end of the month. A court filing on the status of the negotiation between Odyssey and the Brits is due by Sept 29th. I see no reason why it won't be positive news for Odyssey. If so, the stock should rebound.

 

[mariner]

Jeff,

I hope it does, for the sake of the shareholders.

Mariner

 

[trinidad]

Ha, ha, ha Ossy! Not, I´m not a stockholder (of OME or anything. I´m pretty poor). And I didnt see that TV show. That must be the reason because I didnt find an statement like we were talking about. Anyway, I meant an official statement or something like that (from Stemm or from his Public Relation office) and I´m looking for it before these last months.

 

[PDJ]

Trinidad,
Jeffs right. You won't find an official statement from Odyssey or Greg Stemm, putting a value on the coins, other than what was put on the export / import documents when they were orignally transported. They (Odyssey) are well aware of the laws with regard to the SEC and would never jeopardized themselves in that regard. All the numbers you see are based on a few coins that were conserved, a coin experts opinion and media speculation, combined. It's a much sexier story when you put a value on it -- from the media's perspective. But even some media are careful not to put out false infomation. That's how you can determine the credibility of a news organization. You have to look for words that change the context of a sentence. If you having difficulty translating the English to Spanish -- these little words might get lost in translation -- no disrespect.

 

[Vox veritas]

Trinidad,
Jeffs right. You won't find an official statement from Odyssey or Greg Stemm, putting a value on the coins, other than what was put on the export / import documents when they were orignally transported. They (Odyssey) are well aware of the laws with regard to the SEC and would never jeopardized themselves in that regard. All the numbers you see are based on a few coins that were conserved, a coin experts opinion and media speculation, combined. It's a much sexier story when you put a value on it -- from the media's perspective. But even some media are careful not to put out false infomation. That's how you can determine the credibility of a news organization. You have to look for words that change the context of a sentence. If you having difficulty translating the English to Spanish -- these little words might get lost in translation -- no disrespect.

Yes, but not to have denied it with emphasis and forcefulness, undoubtedly it has favored them. Yes or not ??

 

[trinidad]

Well, Vox...I don't know...you could be right but... It sounds to me as if I say "If my grand mother would have handlerbars and two wheels she would be a bike". Yes, she would be but, as example, it's kind of forced ("denied it with emphasis and forcefulness, undoubtedly..."). Isn't it?

 

[PDJ]

500k coins is going to be worth alot, no matter how you slice it. Look at the previous market for shipwreck coins and what they sell for. The are not going to sell for $50 each. They hired an outside expert to approximate the value of the small % of coins that they conserved -- and he (the coin expert) gave an opinion. The media took their calculators and did quick math and the story made the headlines with a total value$$. Is it actually worth that? Who knows? You are entitled to dispute it, but you should understand that Odyssey did NOT put the 500 million number out there. And 'Yes' they were entitled to say they found 'handle bars, two wheels and a seat' -- even if it conclusively looks like a bike.

 

[jeff k]

http://www.tradingmarkets.com/.site/news/Stock News/2511457/

 

[PDJ]

I think it is important to point out that laws protecting war ships were written in a manner to also protect private wealth.
If the Mercedes was carrying private citizens money, then she did not deliver her commercial obligation.
If Spain made no attempt to find her and did not make retribution to the private parties, aren't the ancestors entitled to agree to private salvage?

 

[trinidad]

PDJ, my joke about the bike and my grand mother was to Vox Veritas. I wanted to say that Vox push to much to justify his point of view about the responsability of Odyssey in the valuation of 500$ millions: basically I've understood on the last post of Vox Veritas that if somebody call me stupid and I don't loose my time denying something like that (because I don't believe it is true or because whatever), the result is that I'm positively stupid because I didn't deny it. At college we called that sophism, an easy and phony way to win a debate among inexperienced students .