The Atocha

Posted on Sep 14, 2008 in Found Treasure

Atocha shipwrecked on a reef

Estimated Value: $400,000,000 (400 Million Dollars)

On September 4, 1622 the Tierra Firme flota of twenty-eight ships left Havana bound for Spain with one of the richest new world cargos ever assembled; silver from Peru and Mexico, gold and emeralds from Colombia and pearls from Venezuela.

The heavily armed Nuestra SeƱora de Atocha sailed as Almirante, or rear guard, of the fleet, following the others to prevent an attack from behind the fleet. She’d been built for the Crown in Havana in 1620 and was rated at 550 tons, with an overall length of 112 feet, a beam of 34 feet and a draft of 14 feet.

illustration of the Atocha For the 1622 return voyage the Atocha was loaded with a cargo that is almost beyond belief – 24 tons of silver bullion in 1038 ingots, 180,00 pesos of silver coins, 582 copper ingots, 125 gold bars and discs, 350 chests of indigo, 525 bales of tobacco, 20 bronze cannon and 1,200 pounds of worked silverware! To this can be added items being smuggled to avoid taxation, and unregistered jewelry and personal goods; all creating a treasure that could surely rival any other ever amassed. Read More →

Lost Gold: The S.S. Republic

Posted on Sep 6, 2008 in Found Treasure

The SS Republic paddle steamer

Estimated Value: $75,000,000 – $180,000,000 (75 – 180 Million Dollars)

Shipwreck

The SS Republic sidewheel steamer sinking When the sidewheel steamer SS Republic left New York in October of 1865, she was carrying 62 passengers and a cargo of $400,000 (1865 face value) in gold and silver coins. She was headed for New Orleans where the money would be used to help pay for reconstruction of the South after the Civil War.

On the fifth day of her voyage, a hurricane off the coast of Georgia proved too strong for the ship. By evening, her hull was leaking so badly that the fire in the boiler was extinguished. She stalled in heavy seas, taking on water faster than her crew and passengers could bail. The Republic sank beneath the waves.

While most of the passengers were able to abandon ship, the precious cargo of Gold and Silver Coins plunged to the bottom of the Atlantic ocean where they remained until…

Rediscovery

In the summer of 2003 Odyssey Marine Exploration, a commercial treasure hunting company out of Tampa, Florida, discovered the wreck of the SS Republic 1700 feet below the surface of the Atlantic Ocean approximately 100 miles off the Georgia coast.

Odyssey was awarded title and ownership to the shipwreck and it’s cargo, including the hull, artifacts and all the gold and silver coins that were on board when she sank. Read More →

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