Salvor6
Silver Member
- Feb 5, 2005
- 3,755
- 2,171
- Detector(s) used
- Aquapulse, J.W. Fisher Proton 3, Pulse Star II, Detector Pro Headhunter, AK-47
- Primary Interest:
- Shipwrecks
In 1783 the Spanish city of New Orleans was suffering from a recession with their paper money becomming worthless. King Carolus III ordered the Spanish brig of war El Cazador to ship newly minted silver coins from Mexico to New Orleans to relieve the crisis. El Cazador never made it. She sank with all hands in a storm 50 miles from New Orleans.
In 1993, fisherman Jerry Murphy snagged clumps of coins from the bottom in his trawling nets. He filed a claim on the wreck and in 3 days was given a salvage permit. This was clearly a soverign Spanish vessel with coins on board belonging to the Spanish government. Spain got nothing and Murphy continues to sell the coins to this day: http://www.elcazador.com/. What a difference 16 years makes!
In 1993, fisherman Jerry Murphy snagged clumps of coins from the bottom in his trawling nets. He filed a claim on the wreck and in 3 days was given a salvage permit. This was clearly a soverign Spanish vessel with coins on board belonging to the Spanish government. Spain got nothing and Murphy continues to sell the coins to this day: http://www.elcazador.com/. What a difference 16 years makes!
