Spain claims $500 million in sunken treasure


	Spain claims $500 million in sunken treasure

Silkweaver

5-9-2008 3:44 PM

673 views

tags:

treasure finding

Silkweaver says:

Am just curious where these 500,000$ treasure came from in the first place.

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5-10-2008 1:13 PM

papananook

Seems to me that Spain's (or anybody's) claim should be small a percentage--not the whole thing. Who found it, anyway? That's a lot of work!

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(AP) --  Spain formally laid claim Thursday to a shipwreck that yielded a $500 million treasure, saying it has proof the vessel was Spanish.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.physorg.com/news129530663.html"> 
Officials demanded the return of the booty recovered last year by a U.S. deep-sea exploration firm, saying the 19th-century shipwreck at the heart of the dispute is the Nuestra Senora de las Mercedes - a Spanish warship sunk by the British navy southwest of Portugal in 1804 with more than 200 people on board.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.physorg.com/news129530663.html">		
							Tampa, Fla.-based Odyssey Marine Exploration on Thursday disputed Spain's claim. In May 2007, Odyssey announced that it had discovered a wreck in the Atlantic - and its cargo of 500,000 silver coins and other artifacts worth an estimated $500 million.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.physorg.com/news129530663.html"><DIV>Spain argues that the entire treasure should be returned because naval vessels remain the property of the nation that flagged them, regardless of where they lie, under the principle of sovereign immunity. 
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