NPR: Divers Find Treasure Estimated at $500 Million

Divers Find Treasure Estimated at $500 Million

Sci-Tech Today reports that deep-sea explorers say they have found what could be the richest shipwreck in history. While they aren't sure about the origins of the ship in question, they are sure about its treasure -- an estimated $500 million worth of silver and coins. While the company, Odyssey Marine Exploration, is staying mum about where it was found, court records hint that it may be from a 400-year-old ship off the English coast.

[Odyssey co-chairman Greg Stemm] wouldn't say if the loot was taken from the same wreck site near the English Channel that Odyssey recently petitioned a federal court for permission to salvage.

In seeking exclusive rights to that site, an Odyssey attorney told a federal judge last fall that the company likely had found the remains of a 17th-century merchant vessel that sank with valuable cargo aboard, about 40 miles off the southwestern tip of England. A judge signed an order granting those rights last month.

3:16 PM ET | 05-18-2007 | permalink

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enjoy all aspects of npr radio.thanks for being there all day long.. mja

Sent by MIKE ADAMS | 10:06 AM ET | 05-19-2007

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