shipwreck

Florida-based treasure hunting, deep-sea exploration firm Odyssey Marine Exploration is back in court this morning at 9:30 a.m. (ET) with Spain. The legal battle over 17-tons of silver and gold Colonial-era coins continues in U.S. Federal court before Magistrate Judge Mark A. Pizzo. The coin treasure trove was recovered by Odyssey in May of 2007, […]

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National Public Radio (NPR) had a segment Monday, May 19, discussing the legal battle between Spain and Odyssey Marine Exploration for the 17-tons of Colonial-era coins recovered from the ocean floor. That legal dispute started back in May of 2007 when Odyssey discovered a 17th-century shipwreck, they code-named the “Black Swan”. Spain filed legal claims […]

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The treasure-hunting company Odyssey Marine Exploration filed their first quarterly 2008 report with the Securities and Exchange Commission. In addition to updates on their numerous shipwreck projects, the company reported a first quarter revenue of $.3 million with a net loss of $6.8 million. Those compare to 2007’s reports of $2.2 million and $3.8 million […]

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The name of a 17th-century shipwreck bearing 17 tons of silver and gold coins discovered by Odyssey Marine Exploration may finally be known. News accounts have reported the estimated value of the treasure trove at around $500 million. Whether true or not, the potential value drew immediate attention and a resulting legal battle between Odyssey […]

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One of the three admiralty cases between Spain and Odyssey Marine Exploration has been dismissed in Florida Middle District Court. Instead of a judge ruling, Spain voluntary dismissed its claim in the case. In an April 1, 2008 filed document, the stated reason for Spain’s dismissal was:   "… based on examination of evidence disclosed […]

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U.S. Judge Mark Pizzo ruled Wednesday that the location of the shipwreck site where 17-tons of Colonial-era gold and silver coins were hauled up from the ocean floor must be kept a secret. The legal dispute started back in May of 2007 when Odyssey Marine Exploration discovered a 17th-century shipwreck, they code-named the “Black Swan”. […]

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A federal judge moved a legal battle forward by ruling Thursday on several counts between Spain and Odyssey Marine Exploration, a deep-sea treasure-hunting firm based in Tampa, Florida. The legal counts revolved around sites and a shipwreck that yielded a potential $500 million in Colonial-era gold and silver coins. Odyssey discovered a 17-ton bounty of […]

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Odyssey Marine must provide the secret location of the Black SwanDeep seas, adventure, mystery, suspense and a battle over who owns a sunken treasure … they are the trappings of an action-adventure movie that could make hundreds of millions.

But it’s not a movie. The money involved is no exaggeration and these are no mere plots titles. Everything is real. Florida based exploration, shipwreck and recovery company Odyssey Marine and the Spanish government have been waging a battle within the middle of a courtroom.

At stake are the rights to 17 tons of silver and gold coins – an enormous and extremely valuable coin hoard Odyssey discovered within the ‘Black Swan’, the code name they gave to the colonial-era shipwreck lying on the floor of the Atlantic Ocean.

On Thursday, Judge Mark Pizzo of U.S. District Court in Tampa ruled that Odyssey Marine must provide the location of the Black Swan and provide Spain an opportunity to inspect the treasure. In return, all information must remain confidential to protect Odyssey’s interests.

Read the rest of this numismatic news article »

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Discover a mysterious shipwreck, give it a cool code name, secretly haul from it a spectacular treasure of coins possibly worth $500 million, and then announce it to all the world. What do you get? In this day and age, a free trip to court and mounting legal bills! The Spanish government is battling Odyssey […]

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