Published — Saturday 1 December 2012
Last update 1 December 2012 12:54 am
MADRID: Spanish cultural officials have allowed the first peep at 16 tons (14.5 metric tons) of shipwreck treasure worth an estimated $500 million that a US 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 US courts rejected arguments that the company was entitled to all or most of the treasure.