"Black Swan" Treasure to Sail Back to Spain
February 9, 2012
On appeal, Florida circuit court upheld a decision that treasures from a sunken Spanish galleon must be returned. The coins, found by US treasure-hunter Odyssey Marine Explorer, in 2007, over half a million of them, gold and silver, estimated at $500 million, belong to Spain.
Decision was handed down last week, on January 31, 2012, whereby the judge rejected Odyssey’s argument that there was no clear wreck site and stipulated that the coins must be returned within 10 days. For additional background about this case, please read our Odyssey Sequel.
Source: The Guardian