Looks like someone hit the jackpot! Can't wait to get details and pictures of what they brought up! http://www.foxnews.com/science/2015...ns-worth-1m-from-1715-shipwreck/?intcmp=hpbt4
Yeah, I can already see the headlines as Spain delays the whole process up in Court for years to come...and such a cool discovery!! Any metal detector enthusiasts out in that area or St Augustine?? I often wonder if they find anything of value on land?? Being a New Yorker, I just visit from decade to decade .....
One coin alone is half the value, something called a Tricentennial Royal. I'm not a world coin expert or novice for that matter. I wonder if it being part of a shipwreck increases the value or decreases? These Royal coins sound like early proofs from the US Mint, made for dignitaries and presentation pieces. Either way, super cool. Let the litigation begin!
Time Magazine news - quote "The haul includes 51 gold coins, 40 ft. of ornate gold chain and a Tricentennial Royal, an extremely rare Spanish coin valued at over $500,000" unquote - WOW
Before fearing litigation, I'd fear the IRS. Remember this one? It happened less than 100 miles from here (and boy did we feel the rumble!) Greedy revenuers! http://www.forbes.com/sites/robertw...nds-10-million-in-gold-coins-taxes-take-half/ Which is why you should keep your discoveries under your hat! I get paying my fair share of taxes (seems to be a lot more than my fair share anymore ) - but found money? Greed and impunity are a bad combination!
I have no problem with this "family" paying taxes on their found profits. Heck, they'll pay a lot less than they would have years ago - so much so, the economy can't function efficiently for 90% of us. Ever notice how your customers can't afford anything anymore? I opened this thinking a family, playing on the beach found a treasure washed ashore in a storm. Only on FOX is a corporation a family or folks.
That's so kind of you to encourage others to pay more than their fair share of taxes. We can only hope that someone is kind enough to return your generosity someday.
Yeah, I'm sure Spain is already plotting a way to get it back in their grubby hands. To their defense it was their property that was not intentionally lost. Idk how you could keep this under wraps. I could see the family keeping a few pieces but the special piece belongs in a museum. No way to sell to the highest bidder keeping the story under wraps. I think being from a ship wreck does add quite a bit of value to the pieces. Very cool story.
Video http://www.coinweek.com/coins/treasure-2/diver-finds-million-dollar-treasure-in-florida-video-207/ Update http://www.today.com/video/treasure...f-gold-silver-includes-rare-coin-492512323912
