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Tons of silver and gold coins recovered from shipwreck


August 28, 2011 - London

Odyssey Marine Exploration has recovered over 500,000 silver coins weighing more than 17 tons, hundreds of gold coins, worked gold, and other artefacts from a Colonial period shipwreck site code-named "Black Swan" in an undisclosed location in the Atlantic Ocean.

All recovered items have been legally imported into the Unites States and placed in a secure, undisclosed location where they are undergoing conservation and documentation.

It is believed that this recovery constitutes the largest collection of coins ever excavated from a historical shipwreck site.

The work accomplished to date on this site has diligently followed archaeological protocols using advanced robotic technology, and the artifacts are now undergoing a meticulous conservation process by some of the world's most experienced coin conservators.

"Our research suggests that there were a number of Colonial period shipwrecks that were lost in the area where this site is located, so we are being very cautious about speculating as to the possible identity of the shipwreck," Heritage Daily quoted John Morris, Odyssey Co-founder and CEO, as saying.

"Nevertheless, we have treated this site with kid gloves and the archaeological work done by our team out there is unsurpassed. We are thoroughly documenting and recording the site, which we believe will have immense historical significance," he added.

"The remarkable condition of most of the first 6,000 silver coins conserved has been a pleasant surprise, and the gold coins are almost all dazzling mint state specimens," said Greg Stemm, Odyssey's Co-founder.

"We are excited by the wide range of dates, origins and varieties of the coins, and we believe that the collecting community will be thrilled when they see the quality and diversity of the collection," he added.

ANI

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