10 Solid Platinum Cylinders, 25 Mi. off Cape Kennedy

[jeff of pa]

1974 article

[capt_t]

Thats alot of money just sitting out there on the bottom of the ocean, supprised someone hasent located it yet.

[jeff of pa]

Thats alot of money just sitting out there on the bottom of the ocean, supprised someone hasent located it yet.

33 Years since this story

49 Years If I'm subtracting Right since it happend.

I'd be Surprised if someone Didn't by now,
But everyone may feel the same way.
or are afraid of Government Intervention.

it May at Least Deserve Research

[capt_t]

yeah, even tho it is 25 or so miles out (international waters) we still talking about NASA and the US goverment. my therory on this would be keep the platium, give the capsule back to NASA. Its not like the platium was in space yet. The rocket was un-manned, so its not an underwater grave...just my thoughts....
capt_t

[buscadero]

Interesting Story! Hadn't heard it before! Wonder if the $250k amount was the then or now $ . Thinking about the weight! Sounds doable to me, but wouldn't NASA go after it themselves?

HH Joe

[capt_t]

well the article was written in 1974,,so it was atleast 2.5 mil in 1974

[buscadero]

Checked, Platinum averaged $200 an Oz. in 74. So, @ $2.5M = 12,500 oz.= 1250oz per cylinder= a little over 100# per Cylinder!

Today's Prices= Roughly $15M. Not Bad!

Joe

[capt_t]

Thanks Joe, saved me the work of figuring it out,,,I was just getting ready to research those figures.....what was the price of platium in 1968? that might be the figure the article was talking about also.
capt_t

[buscadero]

Cap: In 68 it Averaged $250 an Oz. So $2.5M would be 10,000 oz. 1000 oz per cylinder! 83.3 # ea.

Joe

[Peg Leg]

The Government is not interested in recovering anything that the TAXPAYER has already paid for except for items it can use again like the rocket engines.
If you would check with NASA I know that they have the exacts cords where this stuff hit the ocean. At this time the Cape area was surrounded by Electronic detecting equipment and cameras so there WOULD be a record of where this stuff fell.
Peg Leg

[FISHEYE]

a little bit of research i have done so far.the dates are all wrong in that article.NASA began operating in late 1958.the atlas-agena-D wasnt even developed until the late 60's.all the atlas-agena-A's never made it out of the earths atmosphere.all had some type of space science devices on them.no data Solid Platinum Cylinders in a device.