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Re: [PSUBS-MAILIST] sunken treasure



Hi Brian. There have been several laws passed in recent years in the US about this subject. None of them good for a "treasure hunter" but good for historians.
Talk to the guys at Delta Oceanographics. They were working in conjunction with a salvage outfit up near Crescent City, Calif. to find the Jonathan B. ( look it up )
5 Million in gold was recovered and the State of California claimed ownership. After a long and costly court battle, they finally received some compensation.
Basically, if you find it, you can't touch anything, including a ship's bell.
You can video/document the dives etc. but don't take anything.
Naturally you want to keep it a secret, but you'll have to contact the authorities and work out a deal before anything is touched. You'll end up in jail if you don't follow the rules.
I have a friend who grew up on his grandfather's farm along the coast. When times got real tough his granpa would "miraculously" come up with a few gold coins to hawk and save the farm.
He's pretty sure he knows where the old man went looking for them.
The farm has been out of his family for many years now, but he still dreams of going back and searching for the gold.
If you find a random coin or two then it's yours to keep as no owner can be identified.
If you find a wreck......the trouble begins!
Be careful.
Frank D.