Odyssey Marine Exploration, based in Tampa, Florida, announced the find of the silver-laden, British-flagged SS Gairsoppa.
Some 300 miles off the coast of Ireland in international waters, the shipwreck site is located approximately 4,700 meters (almost 3 miles) below the surface, making the pending recovery one of the most complex operations ever undertaken.
At stake is an estimated 7 million ounces of silver, but the silver was just part of the cargo carried by the SS Gairsoppa when she was sunk [...]
Daniel Frank Sedwick, LLC has just opened their Treasure and World Coin Auction #10 for bidding, closing live on the Internet in four sessions on October 25-26 (Tuesday-Wednesday), viewable online at www.Auction.SedwickCoins.com.
The coin lots for this auction will be available for viewing at the A.N.A.’s National Money Show in Pittsburgh, PA, October 13-15, with private viewing at Sedwick’s office in Winter Park (by appointment only) before and after the show.
Of the 1400+ lots in Sedwick’s latest auction, more than 240 lots are gold coins from around the world. Over 100 of these are [...]
Odyssey directed its legal team to file a Motion to Strike the amicus brief filed by the United States in support of Spain in the "Black Swan" case currently pending before the Eleventh Circuit Court of Appeals.
If the court opts to not strike the brief, Odyssey seeks to have the court direct the United States government to amend its statement of interest to more accurately reflect its true position on the matter [...]
Sunken treasure and diplomatic back channel maneuvering are disparate topics one thinks of only in the fictional world of books or movies. However, those seemingly unrelated points have recently been focused on an American company that specializes in exploration and recovery of deep-ocean shipwrecks.
Odyssey Marine Exploration, based in Tampa, Florida, announced in May 2007 the discovery of the "Black Swan," a site located in the Atlantic Ocean which yielded over 500,000 colonial-era silver coins [...]
Odyssey Marine Exploration was recently notified that the United States Court of Appeals for the Eleventh Circuit would hear oral arguments on the case that is currently pending before it between Odyssey and the country of Spain.
At issue is the ownership of over 500,000 Colonial-period silver coins that were recovered from the bottom of the ocean by Odyssey [...]
Continuing a series of legal steps, challenges and hurdles, Odyssey Marine Exploration has recently filed it’s reply to Spain’s response in the highly contested "Black Swan" case. This is expected to be the end of the written pleadings for the matter which is currently before the United States Court of Appeals for the Eleventh Circuit in Atlanta, Georgia.
At stake in the matter is ownership of a recovered sunken treasure consisting of an estimated 500,000 gold and silver coins. Believed to be valued at around $500 million, the recovery has peaked the interest of many since it was first announced back in 2007. The issue was contentious from almost the start with Spain initiating a seizure of one of Odyssey’s vessels back in July of 2007, claiming that Odyssey was engaged in an "offence against Spanish historic heritage."
Read the rest of this article »
The incredible "Ship of Gold" exhibit, showcasing California Gold Rush-era sunken treasure recovered from the 1857 shipwreck of the SS Central America, will make port in Boston at the American Numismatic Association’s World’s Fair of Money, August 10-14 at the Hynes Convention Center. The exhibit is courtesy of Monaco Rare Coins of Newport Beach, Calif. [...]
Odyssey Marine Exploration has taken the next step in its legal battle with the country of Spain over potential ownership of treasure the company recovered by filing an Appellate Brief with the U.S. Court of Appeals for the Eleventh Circuit. At stake is nearly 17-tons of recovered artifacts said to include over 500,000 silver and [...]
A U.S. District Judge filed an order on Tuesday, Dec. 22, backing a magistrate court’s decision that a salvage reportedly worth around $500 million should be returned to Spain. The Magistrate’s decision occurred back in June and recommended the return of over 500,000 silver and gold Colonial era coins to Spain. That decision was brought [...]
Winter Park, Florida — Daniel Frank Sedwick, LLC held their 6th overall and 2nd fully live internet auction of numismatic and shipwreck treasures on October 15-16, 2009, realizing a record price of over $1.6 million* in 2082 lots. Featured in the sale were coins and artifacts and printed materials from around the world, including the [...]
