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The E-Sylum: Volume 19, Number 37, September 11, 2016, Article 25

2014 CENTRAL AMERICA TREASURE AWARDS TO RLP

In the latest twist in the 2014 expedition to recover additional gold and artifacts from the wreck of the S.S. Central America, a Federal judge has awarded custory of the 2014 treasure to the salvor, Recovery Limited Partnership (which hired Odyssey Marine Exploration) to perform the work. Here's an excerpt from a September 9. 2016 Coin World article by Paul Gilkes. See the earlier E-Sylum articles for background. -Editor

The full fair market value of the treasure recovered in 2014 from the 1857 wreckage of the SS Central America has been awarded by a federal judge in Virginia to the salvor, Recovery Limited Partnership.

The Aug. 31 ruling by Chief Judge Rebecca Beach Smith from the United States District Court for the Eastern District of Virginia in Norfolk, also awards title to Recovery Limited Partnership of all items recovered during the 2014 salvage operations by RLP’s contractor, Virginia in Norfolk, also awards title to RLP of all items recovered during the 2014 salvage operations by RLP’s contractor, Odyssey Marine Exploration of Tampa, Fla.

Judge Smith’s ruling was announced Sept. 6 by Ira Kane, the court-appointed receiver for Recovery Limited Partnership.

Disposition of the award will occur under the auspices of Kane as receiver, subject to the approval of Franklin County Common Pleas Court Judge Patrick Sheeran in Columbus, Ohio.

2014 EXPEDITION
RLP contracted with Odyssey Marine Exploration in 2014 to conduct the archaeological excavation and recover the remaining valuable cargo from the SS Central America shipwreck, which is located approximately 160 miles off the coast of South Carolina and 7,200 feet underwater.

Under the direction of a project archaeologist (Neil Cunningham Dobson, with Bob Evans, well-known to the numismatic community, as the chief scientist), the Odyssey team deployed a remotely operated vehicle to recover and document more than 15,500 gold and silver coins, 45 gold bars, and hundreds of other artifacts from the SS Central America shipwreck site.

To read the complete article, see:
Who gets to keep the SS Central America treasure recovered in 2014? (www.coinworld.com/news/us-coins/2016/09/judge-awards-ss-central-america-treasure-to-salvors.html)

Here are a couple photos from the 2014 recovery expedition. -Editor

SS Central America gold coins

SS Central America gold bars

To read the earlier E-Sylum articles, see:
ODYSSEY MARINE TO ATTEMPT SS CENTRAL AMERICA SALVAGE (www.coinbooks.org/esylum_v17n10a20.html)
COLUMBUS-AMERICA GROUP SUES ODYSSEY (www.coinbooks.org/esylum_v17n21a10.html)
JUDGE RULES FOR ODYSSEY SS CENTRAL AMERICA GROUP (www.coinbooks.org/esylum_v17n29a20.html)
LATEST SS CENTRAL AMERICA FINDS REVEALED (www.coinbooks.org/esylum_v17n30a05.html)
A NEW RULING IN THE CENTRAL AMERICA CASE (www.coinbooks.org/esylum_v18n34a10.html)



Wayne Homren, Editor

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To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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