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    Jan 14

    1024913_treasure_chestAs any treasure hunter knows, sunken vessels can sometimes have hidden treasure chest full of gold. Despite the large investment in costs to seek out and recover lost treasure, the lure of cash in a flash still makes this a viable business for some and almost an addiction for others. Most treasure hunters have heard the stories of gold being hidden in cannons, but dismissed it as a myth. On July 11, 2010, that myth became a reality when dozens of gold coins were found stashed away in a sunken cannon retrieved from just 20 feet of water off Vero Beach, Florida. Treasure hunting can not only generate good fortune, but it also is of great historical value too.

    Artifacts and Gold

    What some people may not realize is that artifacts retrieved from the ocean can also be just as valuable as gold coins in historic value. When the crew of the salvage boat called “Gold Hound” brought up the cannon, they were more interested in the rare bronze swivel cannon design than the possibility of finding gold inside. The cannons had already been shipped to Mel Fisher’s Treasure facility and were being conserved when fate intervened to reveal another treasure inside this already rare historical find.

    Gold Discoveries

    As the team in charge of conserving the ocean-encrusted cannon were working, the plug from the cannon came loose and dropped off to reveal the stash of gold and silver coins, worth about $500,000 or more. Historians believe that the ship from which the cannon came may have been part of 11 galleons which included one carrying a 74-carat emerald, along with pearls and diamonds all meant for King Philip’s V of Spain new bride, Elisabeth. The ships sank when they hit a hurricane in 1715 off what is now known as the Treasure Coast.

    Salvage Hounds Keep Looking

    There is still another $900 million dollars worth of gold and jewels under the ocean in that area, salvage crews believe. That’s what prompted a private salvage company by the name of 1715 fleet-Queens Jewels to buy the rights to salvage in those waters from the treasure hunter Mel Fisher heirs. After obtaining rights, they put together the crews and experts necessary to make their treasure hunt profitable.

    Everyone Gets a Cut

    It would be nice if the booty was also tax-free, but it’s not. The state automatically gets 20% off the top and first choice of pickings from the loot. Salvage crews are expensive since many times they go out to recover treasure and come up empty-handed. They hire subcontractors to help with the work, which also have to be paid. For the cannon gold find, the remaining 80% is split in half between the 1715 Fleet-Queens Jewels and the subcontractors who help to retrieve it. This salvage company has already retrieved more than $12.9 million of lost treasure in the form of gold and silver coins, pearls, and other precious artifacts. This will help to finance further discoveries that can also add to the historical information we have on that period as well as make many people rich.

    2 Responses to “Treasure Hidden in Cannons”

    1. Capt Greg Bounds Says:

      Hi, not all of your statements in this article are correct. Your figure of 12.9 million for total found is wrong, 12.9 million is how much th finds I recovered in 2007 was valued while working with Blue Water Ventures.
      Gold Hound is not owned or operated buy Queens Jewels, llc
      Gold Hound is an independent salvage comp owned by Greg Bounds.

    2. Rockberries Says:

      Ganz im Gegenteil: die Aufwärtsbewegung wird weiter vonseiten den operativen Erfolgen der Rockberries genährt und generiert aus diesem Grund immer stärkere Kaufsignale, die am Kapitalmarkt auch als solche erkannt und bewertet werden.

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