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News, comment and analysis on Spain, Portugal and beyond

Odyssey Explorer

How an historic sea booty slipped through Odyssey’s fingers

May 29, 2012 by Marty Delfin 2 Comments

The sinking of the 'Nuestra Señora de Mercedes'.

With the “Mercedes” treasure safe in Spain, the five-year legal battle over an estimated 594,000 silver and gold coins recovered from a 19th-century shipwreck finally came to a close earlier this month. Not only was it a costly public dispute for all parties engaged, but it involved a canny behind-the-scenes ruse blending greed, deceit, political intrigue and even mutiny within Odyssey Marine Exploration, which eventually saw all the half-million historic minted pieces plucked from its hands after losing one court battle after another. The Tampa-based underwater salvager fought hard to keep the trove, but to no avail. On May 14, the US Supreme Court rejected Odyssey’s final appeal in the … [Read more...] about How an historic sea booty slipped through Odyssey’s fingers

Filed Under: Culture, Featured, Spain News Tagged With: Mother Jones, Ocean Alert, Odyssey Explorer, spain, spain news, Spain treasure, spanish news

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