First peek at 1804 Spanish shipwreck treasure worth $500M

Published November 30, 2012

| Associated Press

Spanish cultural officials have allowed the first peep at 16 tons of shipwreck treasure worth an estimated $500 million that a U.S. salvage company gave up after a five-year international ownership dispute.

A tiny portion of the loot from the Nuestra Senora de las Mercedes, a galleon that sank off Portugal's Atlantic coast near the straits of Gibraltar in 1804, was shown to the media: 12 individual silver coins, a block of encrusted silver coins, two gold tobacco boxes and a bronze pulley.

Officials on Friday said some of the treasure will be put on display in museums next year. Spain got it from Florida-based Odyssey Marine Exploration in February after U.S. courts rejected arguments that the company was entitled to all or most of the treasure.

URL

http://www.foxnews.com/world/2012/11/30/spain-shows-off-loot-from-galleon-treasure-recovered-after-legal-battle-with-us/