Friday, March 19, 2010
3/19 Report - Investing in Treasure - Atocha & Margarita
A Treasure Coast Beach This Morning.
You can see the sand. Too much of the same old thing. Not much has changed for quite a while out there.
You can be a part of the search for the treasures of the Atocha and Margaqrita by becoming an investor. Besides having the opportunity to share in the treasure, you can also visit the sites and dive on the wrecks.
The Mel Fisher organization says they are now focusing on finding the stern castle of the Atocha and the main ballast pile of the Margarita.
A lot of treasure listed on the Atocha’s manifest still remains to be found, including 100,000 silver coins, 300 silver bars and thirty-five boxes of cargo that belonged to the Catholic Church. Thirty-eight members of the Spanish Royalty were also on board and were traveling with their possession, which, as you might guess, were probably quite fantastic.
The main ballast pile of the Margarita should still hold 80,000 silver coins and 150 silver bars. And five other galleons that sank in the same storm might add to the booty.
If an investor works with the divers, you can keep the first item you find up to six times your investment. The minimum investment is $10,000.
On another subject, a very old sword was found by a detectorist in England. I found this story when looking for another story about a sword that was pulled out of the ground by an eleven year old boy. I thought this story was worthwhile for at least two reasons. First, the way it was excavated. The sword was stuck in the roots of a bush. If the finder was not careful in removing the sword, it could easily have been damaged.
I know I've broken things that I wish I didn't simply because I wasn't careful enough in recovering them. Exercise care when recovery items.
The second thing of note, was that the ground around the sword was sifted. That is a good idea when you have a location that has produced something old. Dig the surrounding material and sift it if you can. You might find non-metallic items or items that you didn't detect. And when you hole, detect the hole again.
Here is the web site if you want to read it.
I found the story about the young boy. I don't know if there is as much to learn from this story, but how can you not like a story about an 11 year old boy pulling a 200 year old sword out of the ground in his back yard. That is just neat!
Forecast and Conditions. I feel like a broken record. We just keep getting the same old weather patterns this winter. Northwest winds, mostly. That is what is out there now, and the waves and tides have been high enough to change the beaches appreciably.
Things have to change someday. But I don't see it real soon.
Unfortunately I have to stick with the same old 1 (poor) rating for the Treasure Coast beaches. Hunting the tourist beaches might not be a bad idea.