Fanny Swan...... The Black Swan Project is the project name given by Odyssey Marine Exploration for its discovery and recovery of an estimated US$500 million (£314 million) worth of silver and gold coins, from the ocean floor. The source of the treasure was initially rumored to be the Merchant Royal, which sank near Lands End in 1641.[1] However, the most likely scenario now is that the recovered cargo was being carried by the Nuestra Señora de las Mercedes, which sank off Portugal in 1804. However, there still remains some uncertainty as to the true source of the treasure.[2] Knowledge of the recovery became public on May 18, 2007 when the company flew 17 tons[3] of coins, mostly silver, from Gibraltar to a secure location of unknown address in Florida, USA. The company did not release the type, date, or nationality of the coins. At the time, Odyssey said that it planned to return to the site to perform an excavation expected to uncover more coins as well as other artifacts.[4] However, a dispute over the ownership of the coins has been winding its way through U. S. courts. Without commenting on the issue of ownership, the courts have so far decided that the treasure should be returned to Spain and, by court order, Odyssey is shipping it to them. Odyssey said it would pursue all legal avenues still open to it, taking the case to the U. S. Supreme Court if necessary. Odyssey intends to file its Petition to the U.S. Supreme Court on or before February 27, 2012. On February 27, 2012 the ships treasure was flown back to Spain where it is expected that the coins will be distributed to museums.
Posted on: Sun, 17 Aug 2014 00:06:25 +0000
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