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Millions of dollars in World War II silver recovered from deep ocean
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<p>[QUOTE="Del Pinto, post: 2132719, member: 73128"]This story stinks, or it doesn't. <a href="http://deepoceansearch.com/City_Of_Cairo.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://deepoceansearch.com/City_Of_Cairo.htm" rel="nofollow">http://deepoceansearch.com/City_Of_Cairo.htm</a></p><p><br /></p><p>The suggestion that government bureaucrats 'know nothing' of numismatic value in salvage is ridiculous. I also wouldn't presume that ALL the coins were simply melted on orders of the British Government, without any examination.</p><p><br /></p><p>There may be more here than meets the eye, but I doubt it. Suppose any corroded alloy coin would be smelted as scrap. It wasn't worth the time to 'coin roll hunt' any rarities? That's likely correct.</p><p><br /></p><p>I imagine the market for cleaned, common date Silver Rupees is not worth the effort. Bullion, it was.</p><p><br /></p><p><img src="http://gcaptain.com/wp-content/uploads/2015/04/DOS-City-Of-Cairo-1.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>By contrast, I can only imagine what would happen to whatever Indian coin market exists if 50 metric tonnes of <i>numismatic grade</i> Silver coin got dumped on eBay. Collectors, be grateful it smelted![/QUOTE]</p><p><br /></p>
[QUOTE="Del Pinto, post: 2132719, member: 73128"]This story stinks, or it doesn't. [url]http://deepoceansearch.com/City_Of_Cairo.htm[/url] The suggestion that government bureaucrats 'know nothing' of numismatic value in salvage is ridiculous. I also wouldn't presume that ALL the coins were simply melted on orders of the British Government, without any examination. There may be more here than meets the eye, but I doubt it. Suppose any corroded alloy coin would be smelted as scrap. It wasn't worth the time to 'coin roll hunt' any rarities? That's likely correct. I imagine the market for cleaned, common date Silver Rupees is not worth the effort. Bullion, it was. [IMG]http://gcaptain.com/wp-content/uploads/2015/04/DOS-City-Of-Cairo-1.jpg[/IMG] By contrast, I can only imagine what would happen to whatever Indian coin market exists if 50 metric tonnes of [I]numismatic grade[/I] Silver coin got dumped on eBay. Collectors, be grateful it smelted![/QUOTE]
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Millions of dollars in World War II silver recovered from deep ocean
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