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The News

Storm Surf Exposes Shipwreck... Email

Treasure
Thursday, 28 January 2016 23:38

Photo by Joe Ditler

CALIFORNIA, USA: Storm after storm battered Coronado’s beaches throughout December and January, carrying away masses of sand. Suddenly, without warning, the outline of an old ship lay exposed at low tide and under gray skies. It was the shipwreck Monte Carlo, the 300-foot gambling casino that crashed on our beach New Year’s Eve 1936. It was a sin ship, according to local evangelists, who prayed for its demise. And, when the storms broke her mooring cables three miles offshore and pushed her onto our beach, every evangelist in the land took credit for the act. Rumors are that $100,000 in silver dollars remains, trapped under tons of cement and iron and sand to this day. 

Courtesy: Coronado News

Safe found in Pablo Escobar's former Miami Beach mansion Email

Treasure
Tuesday, 26 January 2016 15:10

 

A team armed with picks and metal detectors that were searching the former Miami Beach mansion of late Colombian drug lord Pablo Escobar found a locked safe this Monday weighing some 600 pounds (270 kilos), media outlets reported.

The safe was discovered under the foundation of the Miami Beach house once owned by Escobar, who was gunned down in a 1993 shootout in Colombia, and will now be stored in a bank until the proprietors decide to open it to see what it has inside, El Nuevo Herald, the Spanish-speaking sister publication of The Miami Herald, said.

As yet unknown is whether the safe is full or empty.

The current owners of the mansion, Christian de Berdouare, founder and general manager of Chicken Kitchen restaurants, and his wife, journalist Jennifer Valoppi, are hunting for a fortune in money or drugs that the kingpin of the Medellin cartel could have hidden in his Miami lair.

Read more: Safe found in Pablo Escobar's former Miami Beach mansion

Treasure hunter from Colorado vanishes while looking for gold in New Mexico Email

Treasure
Monday, 25 January 2016 13:59

BROOMFIELD, Colo. -- A treasure hunter is now the one being hunted.

In early January Randy Bilyeu set out on his search for a hidden treasure he believes is buried near Santa Fe, New Mexico.

His raft, dog and car have all been found, but still no sign of the Broomfield, Colorado man.

Two years ago Carissa Nieves said her dad, Randy, discovered a new love.

“He read Forrest Fenn`s book and he read the poem and got really into it, just trying to find the treasure,” she said.

Randy has been hunting for a treasure of gold buried somewhere in the Rocky Mountains six years ago by eccentric millionaire Forrest Fenn.

Read more: Treasure hunter from Colorado vanishes while looking for gold in New Mexico

Odyssey Explorer Seized in Cyprus Email

Treasure
Thursday, 24 December 2015 10:15

 

LIMASSOL CYPRUS: Cypriot authorities have confiscated the cargo of a Bahamas-flagged ship suspected of illegal treasure hunting, and are questioning its crew. 

Acting on a tip, police on Wednesday secured a search and seizure warrant for the vessel, which has been moored at Limassol harbor since December 17. 

The ship was active out at sea prior to that date. 

Police, assisted by antiquities department and customs officials, boarded the ship and discovered in its hold, which was locked, 57 crates in which several ancient artifacts were being held. 

Read more: Odyssey Explorer Seized in Cyprus

Odyssey sells shipwreck assets for $21M Email

Treasure
Thursday, 17 December 2015 10:40

 

 

 

 

 

 

 

 

 

 

 

 

Deep-ocean explorer Odyssey Marine Exploration Inc. announced Wednesday it has sold intangible and tangible assets related to its shipwreck business for $21 million.

California-based Monaco Financial LLC and affiliated entities purchased the assets, according to a statement.

Included in the deal are all of Odyssey's bank debt, totaling $11.7 million; $2.2 million of Odyssey's debt owed to Monaco Financial is retired; $5 million of this debt ceases to accrue; a $1 million loan from Monaco was retired; and a further $1 million in case was provided for general corporate uses; according to the statement.

Odyssey will retain a 21.25 percent interest in the future net proceeds from shipwreck projects as part of the deal, and holds an exclusive contract to provide shipwreck search and recovery services, according to the statement.

Read more: Odyssey sells shipwreck assets for $21M

Bellevue resident claims right to sunken Colombia treasure Email

Treasure
Monday, 14 December 2015 00:05

BELLEVUE, Wash. — Treasure hunting is inherently risky and those who invest often don’t see a return.

Bellevue resident Ken Harbeston knows the risk, and for 30 years, he has been trying to reap the rewards.

In 1981, Harbeston and a group of investors spent $12 million to rent a deep water submarine.

They were searching for the holy grail of shipwrecks, the San Jose.

The San Jose sank in a battle off the coast of Cartagena, Colombia, in 1708.

It was filled with gold and silver that could be worth up to $17 billion today.

While searching the ocean floor, Harbeston found the ship.

"There were wood piles and an iron cannon," said Harbeston.

Read more: Bellevue resident claims right to sunken Colombia treasure

Spain will act "in defense of heritage" with the galleon 'San Jose' Email

Treasure
Sunday, 13 December 2015 23:01

SPAIN: Secretary of State for Culture, Jose Maria Lassalle, was since Saturday in Cuba on an official visit, where he learned of the discovery of the ship San Jose. After a day of situation analysis, Lassalle said that since the Executive Mariano Rajoy addressed prudently fact, given the special relationship with Colombia Spain. But the triumphalism shown yesterday by President Juan Manuel Santos has made ​​since Culture see with concern the implementation of Colombian law of 2013 for the protection of underwater heritage. It is a rule that Lassalle had previously had occasion to discuss the news at some point -a eyes of Spain, "worrying" - with the Colombian Minister of Culture, Mariana Garces.

Read more: Spain will act "in defense of heritage" with the galleon 'San Jose'

Legendary Ship Wreck Found Off Colombia Email

Treasure
Sunday, 13 December 2015 22:39

Colombian President Juan Manual Santos hailed on Saturday the discovery of a Spanish galleon that went down off the coast of the South American nation more than 300 years ago with what might be the world's largest sunken treasure.

"Great news: We have found Galleon San Jose!".

The San Jose was carrying gold, silver, gems and jewelry collected in the South American colonies to be shipped to Spain's king to help finance his war of succession against the British when it was sunk in June 1708.

The company and the government agreed to split any proceeds, but the government later said all treasure would belong to Colombia, a view that was backed by a United States court in 2011. SSA said in 1981 it had located the area in which the ship sank.

Read more: Legendary Ship Wreck Found Off Colombia

Seized hoard of coins found in Shropshire ruled as treasure trove Email

Treasure
Monday, 26 October 2015 15:39

A hoard of 90 Roman coins seized by police in a south Shropshire man’s bedroom have been declared treasure trove – meaning they are now the property of the crown.

The silver coins – 87 complete and three broken, some still with soil stuck to them – are believed to date back as early as 71 AD.

They were seized by police from the bedroom of Brady Marston, of Station Crescent, Craven Arms.

The 24-year-old told the hearing that the coins had been left to him by his late grandfather.

Read more: Seized hoard of coins found in Shropshire ruled as treasure trove

Italians identify five locations where fabled Roman treasure hoard may be buried Email

Treasure
Monday, 26 October 2015 14:49

 

By Nick Squires, Rome

Italian scientists have identified five sites where they believe a 1,600-year-old hoard of Roman gold and treasure worth more than £700 million was buried, in what they described as a “real-life Indiana Jones hunt”.

Geologists will use drones, ground-penetrating radar, infra-red technology and electromagnetic instruments to try to find the tomb of King Alaric, a Visigoth chieftain who is said to have been buried alongside the loot in 410 AD in or around the town of Cosenza in southern Italy.

According to contemporary historical accounts, he was buried in a stone tomb after a local river was temporarily diverted and then returned to its natural course in order to protect the site from grave robbers.

Researchers believe that if the fifth century accounts are correct, then up to 25 tonnes of gold, worth around one billion euros (£734 million), could be waiting to be discovered, along with silver and gems.

The treasure is said to have come from the sack of Rome, carried out earlier in 410 AD by Alaric and his marauding Gothic tribesmen.

“It’s a real-life Indiana Jones hunt,” said Francesco Sisci, the project coordinator.

Read more: Italians identify five locations where fabled Roman treasure hoard may be buried