Shipwreck treasures

With the advanced technology, more and more the shipwreck treasures are found. Today, I read a big news called “Colombia possibly discovers world’s largest sunken treasure”. That’s really cool! You know, by autonomous underwater vehicles, the ship’s identity was confirmed.10.-Yamashita’s-Treasure-at-Bacuit-Bay

On June 8, 1708, galleon ship with 600 people aboard sank due to dodging British warships. It is believed to have been carrying 11 million gold coins and jewels from then Spanish-controlled colonies that could be worth billions of dollars if ever recovered.

However, a big issue is that they can’t identify who the treasures belong to. Actually, the ship has been the subject of a legal battle in the U.S., Colombia and Spain over who owns the rights to the sunken treasure.

Another article called “with shipwreck treasure easier to reach, a duel is on”, which show much more information about those special treasures.140822104751-antikythera-shipwreck-diver-1-horizontal-large-gallery

In this shipwreck, commercial treasure hunters spent over $2 million and 10 years recovering portions of the treasure, only to see their permits questioned and bounty confiscated. They are regarded as thieves, looters, plunderers and pirates.

For Critics, all buried coins and loot should be studied and preserved in a museum, not sported around an investor’s neck.

As nations, they become become increasingly sensitive to the cultural significance of underwater treasures.syd gold

Although there is a well-established maritime law about distribution, relative origination or nations often overturn this law.

How much percentage do they have

  • Finders
  • Who locates a shipwreck
  • Nations

(All photos from Google Image)

What’s your opinion?

Do you think who can take the treasures away legally.

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4 Comments Add yours

  1. Teresa says:

    Hi, Panshuang! Attractive title and content! I don’t think they own personally those treasures totally legally, some treasures have great value of cultures and histories. They shouldn’t explored by individuals!

  2. shuangpan says:

    Thanks for sharing, Teresa! I think it is hard to distribute those treasures. But, I agree with you. All of them should be studied and preserved in a museum rather than sported around an investor’s neck.

  3. Nice post! But I think it cannot simply determine it is legal or not. A lot of treasures were found in public oceans where does not bound to any law of any country. It is hard to legalize those activities. And most of them were paid by big companies or families.

  4. shuangpan says:

    Thanks for your opinion, Richard! That’s true. For public oceans, it is quiet hard to judge who the treasures belong to.

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