1. The history behind the 1715 Treasure Fleet
So another 350 gold coins were pulled from the 1715 Treasure
Fleet wreckage on July 30.
What was the 1715 Treasure Fleet? Here's a quick lesson:
The 1715 Treasure Fleet was a group of 12 treasure-carrying Spanish
galleons bound from Havana to Spain, where the gold they contained
would be used to support the nearly bankrupt Spanish crown, according to Queens Jewels LLC’s website. On
July 30, 1715, a hurricane wrecked 11 of the 12 ships off the coast of
Florida, as they were heading up the Bahama Channel.
The journey began 15 days prior to the storm, when the 12 ships
headed north from the Havana Harbor for their journey back to Spain.
Ships in the convoy were from a few different European countries.
Captain General Don Juan Esteban de Ubilla led his five vessels of the
New Spain flota, or fleet; Captain General Don Antonio de Echeverz y
Zubiza commanded his six ships, the Tierra Firme squadron; and Captain
Antonio Daire rounded out the group with his French ship, the Grifon.
Modern salvage efforts began in the late 1950s, according to Queens
Jewels, when building contractor Kip Wagner found a coin on the beach
after a hurricane and was curious about how it got there. Wagner then
located the original Spanish salvage camp, which led him to the
conclusion that the wrecks were likely located near that section of beach.
Well-known treasure hunter Mel Fisher began recovery efforts in 1963
and he or his daughter oversaw recovery operations until 2010, when
Queens Jewels obtained rights.
While much of the treasure was recovered soon after the wrecks, a
Queens Jewels representative said he believes that more than $400
million worth of gold remains unrecovered.
2. Feds are expected to return millions in seized Liberty Dollars
"Millions of dollars' worth of silver, gold, platinum and
Dollar medallions and related property seized by federal
authorities in 2007 will be returned to their owners, according to
Read the court documents and history behind the
3. NGC, NCS, PMG have named an official submission center in Japan
Numismatic Guaranty Corporation,
Numismatic Conservation Services and Paper Money Guaranty announced
Aug. 17 that World Coins Japan Co. Ltd. is designated an official
submission center in Japan.
NGC, NCS and PMG are independent members of the Certified
Here are details regarding the center.
4. Chinese silver dollar design rejected
Though the coin was attractive, the design was destined to be met
5. Precious metals pricing
the following prices per ounce as of 10:32 a.m. ET Thursday:
6. Hot topics
Check out the three most-read stories of the last seven days:
Federal government to return millions of dollars
in Liberty Dollars seized by authorities in 2007
Repeat performance: Collectors angry over
Top collection of Morgan dollars displayed at ANA
World's Fair of Money: Something Social
7. Something Social