Three-way fight for world's biggest sunken treasure.

Blackleaf

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Oct 9, 2004
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If the Spanish and the Americans want the treasure, then they'll have to fight us for it......

Three-way fight for world's biggest sunken treasure

By Jonathan Thompson

Published: 19 February 2006


HMS Sussex sank in 1694.

Three nations are fighting over the world's greatest hoard of sunken treasure. More than 300 years after the warship HMS Sussex sank off Gibraltar carrying gold coins worth £2.4bn, Britain, Spain and the US are claiming the treasure.

With 80 guns and a crew of 500, the Sussex was the British navy's flagship when, in February 1694, it was wrecked in a storm as it headed towards the Mediterranean a secret mission to persuade the Italian Duke of Savoy to join the international alliance against France, with which Britain was then at war.

The Sussex was lost until 1995, when a researcher handed a US-based salvage firm called Odyssey a letter, written shortly after the sinking, that gave the first hint of the ship's cargo.

Odyssey began searching for the wreck in 1998, and four years later announced it had discovered it half a mile beneath the surface. The Florida-based company signed an agreement with the British Government to raise the ship.

Spain, however, which has long claimed Gibraltar as its own, soon demanded a cut of the treasure. The Odyssey mission, which began in earnest on 12 December, was hampered by the arrival of Spanish ships - dangerously close, the company said, to its main vessel the Odyssey Explorer, which it has temporarily removed to safer waters.

Co-founder Greg Stemm said: "The company is planning to file legal action against boat operators who have endangered their own vessels, the company's ship Odyssey Explorer and its crew by violating numerous maritime regulations."

A spokesman for the MoD last week reiterated British ownership of the Sussex and of its precious cargo.

"It remains the property of the Crown, irrespective of it being a wreck or where it lies," he said.


independent.co.uk
 

Mogz

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Jan 26, 2006
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RE: Three-way fight for w

It's British money. If the coins bear the royal seal of the period then the money should go back in to the royal treasury. Otherwise it'd be like me losing my wallet in Spain, then having a Spanish guy turn it in to the police but only if he can have $5 out of it. As for the Americans, they have NO claim to the treasure. They're simply contract salvagers.
 

Martin Le Acadien

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Sep 29, 2004
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Re: RE: Three-way fight for w

Mogz said:
It's British money. If the coins bear the royal seal of the period then the money should go back in to the royal treasury. Otherwise it'd be like me losing my wallet in Spain, then having a Spanish guy turn it in to the police but only if he can have $5 out of it. As for the Americans, they have NO claim to the treasure. They're simply contract salvagers.

The American claim to the treasure is only as an AGENT of the Government of the UK which "owns" the wreck. Seawrecks belong to the Govt/Person/Corporation which initially owned or chartered the vessel. If insurance has been paid, then the insurers own the cargo/wreck.

In the case of defunct govts/persons, then ownership belongs to the person who can salvage the wreck. (Reduce to Possession).

The salvage Company is only a contractor of the British Govt., they get whatever the contract calls for, no more.

The Spanish just want to get into the loot.
 

I think not

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Apr 12, 2005
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The Evil Empire
When the British Museum gives back the treasures it has stolen from every corner of the globe then maybe I'll be in a position to support this, until that happens, its up for everyone to claim.
 

Martin Le Acadien

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Sep 29, 2004
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Re: RE: Three-way fight for world's biggest sunken treasure.

jeckgo said:
I thought that any ship that sunk could be recovered by anyone as salvage?

Mot neccessarily, take for instance the Titanic, she still belongs to the Cunard Line and the Insurers who paid off. Salvage rights have to be bought from the insurers who are happy to recover ANYof their loss.

The M/V UNITED STATES which went down with Gold Bullion and coin in 1850 off North Carolina was found a few years ago and the insurance companies that paid off on her were there standing in line!!! Hard to think a company would exist 150 yrs afterwards butsome of the insurers are successors to some very old companies and groups!

Spanish ships that sunk off Florida are presumed to belong to the United States since we bought Florida from Spain in 1818! Same hold true in Louisiana since 3 countries have held Louisiana, France, Spain and the US.

Admiralty Law is interesting BUT BORING. a Ship never loses its flag and a warship is considered the property of its country if sunk and not captured! We had a German Sub from WWII found off the Louisiana Coast by the Oil Company Surveyors for a pipeline and the Geramn Government (Successor to Nazi Geramny) asked that it be left alone.

An American warship sunk in Mexican Waters in 1847 during the Mexican War was found a few years ago and the US Navy took charge of its recovery since by International Law, the ship was US by flag. (Veracruz Harbor in fact).

Ship wrecks of Antiquities such as Norse, Roman, Greek, Phonecian or others of the ancient world belong to whose ever territory they are found in since their "Govts" are defunct and have no clear line of succession!
 

jeckgo

Nominee Member
Jan 24, 2006
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RE: Three-way fight for w

The ship belongs to the ocean, plain and smiple. Its been its resting place for some 300 years. I'd be pretty upset if someone had awoken me after 300 years of rest.