Spain Displays Sunken Treasure

Discussion in 'Coin Chat' started by Mat, May 31, 2014.

  1. Mat

    Mat Ancient Coincoholic

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  3. Conder101

    Conder101 Numismatist

    Over half a million coins that "can never be sold".

    I can't help but wonder if they were to reinventory the treasure in about ten to twenty years how many coins there would be?
     
  4. JPeace$

    JPeace$ Coinaholic

    The article doesn't include all the facts brought up in the trial, but if this was indeed a commercial ship, than how does Spain have any rights to the wreck? If the company that owned the ship is out of business, than I would think it would be "finders' keepers...", but I'm not a lawyer, I don't play one on TV and I didn't sleep in a Holiday Inn express last night.
     
  5. Westtexasbound

    Westtexasbound Active Member

    I disagree. The Chinese will be on top of things in no time. Patience. Patience.

    With Ebay's recent changes it will be easier than ever getting a piece of this treasure.
     
  6. Conder101

    Conder101 Numismatist

    I believe Spain maintains that it was a warship and as such the government is the legal owner. Typically under Admiralty law governments always retain ownership rights to warships.

    Westtexasbound, I don't understand. You disagree? Do you mean if they reinventory in ten to twenty years the number of coins will go UP?
     
  7. Westtexasbound

    Westtexasbound Active Member

    No. Just joking around. Just saying the Chinese will have knock offs out in no time.
     
  8. Conder101

    Conder101 Numismatist

    Sure they will but they will have to be fakes because the originals "can't be sold". Of course come ten or twenty years they will probably discover that the number of those "can't be sold" coins being held in the museums is a lot smaller number than it was originally. "We have no idea where they went. There must be an error in the records somewhere."
     
  9. coinzip

    coinzip Well-Known Member

    Can you imagine going through the time and effort to locate then recover the items only to be forced to hand them over?

    I think I would just say ok its yours, I'll put it back where I found it..... :)
     
    Vegas Vic likes this.
  10. ziggy9

    ziggy9 *NEC SPERNO NEC TIMEO*

    not to mention that they are now bring sued for the legal costs or stripping them of their finder's rights.
     
  11. chrisild

    chrisild Coin Collector

    Well, that company could have saved a lot of money by not secretly moving the finds to Florida. ;) As for the cost of the lawsuit, guess it depends: When I win a case in court, I would usually expect the "other side" to cover my expenses. But I'm in Europe; may well be that things work differently elsewhere ...

    Christian
     
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