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<p>[QUOTE="jaceravone, post: 899074, member: 9474"]Ok gang, I have a question for all of you. There is a question here, but I want to give some background info first....</p><p><br /></p><p>I was catching up reading some of my coin mags last night and caught a comment in the letters to the editor section about the salvage company that found this sunken ship that Spain has claimed. From what I understand, whenever a treasure is found, the company that finds it has to file a claim within the court system. It was at this time that several entities claimed title to the treasure. Spain was one of those entities. Spain argued that the treasure belonged to them. Apparently, two US courts have sided with Spain. This court battle has been going on for a few years now and during this time, it appears that the salvage company went and brought up some or all of the treasure. The US courts are now saying that they have to turn this treasure over to Spain. This is the part where it gets a bit murky for me. I believe I read this somewhere, but can't confirm this......that Spain does not have to reimburse the salvage company a dime for their efforts. So basically, they spent millions of dollars salvaging a treasure that they can't keep. My questions is whether or not this is true? And if so, what would prevent the salvage company from pushing the treasure off the back of their ship and telling Spain to go get it themselves. </p><p><br /></p><p>I know nothing about this subject, but always enjoy reading articles about these treasure finds and articles about this particular find keep popping up here and there.[/QUOTE]</p><p><br /></p>
[QUOTE="jaceravone, post: 899074, member: 9474"]Ok gang, I have a question for all of you. There is a question here, but I want to give some background info first.... I was catching up reading some of my coin mags last night and caught a comment in the letters to the editor section about the salvage company that found this sunken ship that Spain has claimed. From what I understand, whenever a treasure is found, the company that finds it has to file a claim within the court system. It was at this time that several entities claimed title to the treasure. Spain was one of those entities. Spain argued that the treasure belonged to them. Apparently, two US courts have sided with Spain. This court battle has been going on for a few years now and during this time, it appears that the salvage company went and brought up some or all of the treasure. The US courts are now saying that they have to turn this treasure over to Spain. This is the part where it gets a bit murky for me. I believe I read this somewhere, but can't confirm this......that Spain does not have to reimburse the salvage company a dime for their efforts. So basically, they spent millions of dollars salvaging a treasure that they can't keep. My questions is whether or not this is true? And if so, what would prevent the salvage company from pushing the treasure off the back of their ship and telling Spain to go get it themselves. I know nothing about this subject, but always enjoy reading articles about these treasure finds and articles about this particular find keep popping up here and there.[/QUOTE]
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