May 18
A treasure hunting company has recovered an estimated $.5 Billion USD of gold and silver coins from the haul of a ship wreck in the North Atlantic. I’m guessing on the location since they, obviously, aren’t releasing that information.
While the $ amount is staggering, it’s good to remember that they are basis this value on the price a collector might pay for each coin, which are estimated to fetch $1,000 a piece. But “17 tons of 400-year-old silver and gold coins” is an amazing find.
They flew all of the gold to Tampa, Fl in sealed plastic tubs. The stock price, of Odyssey Marine Exploration, doubled this morning when the news hit Wall Street