Make us your home page
Instagram

Tampa's Odyssey Marine Exploration recovers booty worth millions from Atlantic shipwreck

Odyssey’s flagship, the Odyssey Explorer.

Discovery Channel

Odyssey’s flagship, the Odyssey Explorer.

CINCINNATI — Tampa's Odyssey Marine Exploration has recovered thousands of gold and silver coins and more than 40 heavy gold bars easily worth millions of dollars, say unsealed court documents that provide the first detailed inventory of a treasure trove being resurrected from an 1857 shipwreck at the bottom of the Atlantic Ocean.

The recovery effort at the SS Central America, about 200 miles off the South Carolina coast, began in April and is expected to continue throughout the summer.

The operation is being led by treasure hunter Tommy Thompson, who found the Central America in 1988 in what was then a monumental achievement that was funded by a group of central Ohio investors.

Immediately after finding the ship and recovering a fraction of its garden of gold, Thompson became embroiled in a decades-long legal battle over who had rights to the treasure and how it was being dispersed.

Meanwhile, the Central America and its gold sat untouched since 1991, the last time Thompson and his team were at the site.

The new recovery operation was made possible after an Ohio court appointed a receiver over some of Thompson's companies, and he awarded a contract to conduct the efforts to Odyssey.

The inventories, unsealed by a federal judge in Virginia late Wednesday, show that Odyssey has brought up 43 solid gold bars, 1,300 $20 double eagle gold coins and thousands more gold and silver coins.

Odyssey could not provide an estimate of what the gold is worth, but it's easily in the millions of dollars, based on past sales of such items.

Tampa's Odyssey Marine Exploration recovers booty worth millions from Atlantic shipwreck 07/17/14 [Last modified: Thursday, July 17, 2014 7:58pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Marina at Hudson Beach poised to become 24-unit condominium-hotel

    Business

    HUDSON — One of the mainstay businesses at Hudson Beach is poised for redevelopment into a 24-unit condominium-hotel.

  2. Have your say Tampa Bay on the region's future transit options

    Mass Transit

    TAMPA — It's time, yet again, for Tampa Bay residents to tell officials what kind of transit options they want for their region.

    The Cross-Bay Ferry docks at the Tampa Convention Center on its maiden voyage on Nov. 1, 2016. A regional premium transit study will determine whether a ferry, or other options such as express buses or light rail, would be a good addition to Tampa Bay. [SCOTT KEELER  |  Times]
  3. SOCom seeks civilian drone pilots to develop new technology through ThunderDrone

    Macdill

    TAMPA — For the last three years, Nicole Abbett has been using drones as part of her photography business, with clients like the city of Tampa and construction companies.

    Josh Newby, 31, Palm Harbor, of Tampa Drones fly's a drone in England Brothers park, Pinellas Park, 8/25/16. As drone popularity increases as a hobby and business, local governments are navigating a legal grey area- where, when, and how should drone flights be allowed?
  4. New apartment complex delivers unique floor plans



    Business

    RIVERVIEW — A new luxury apartment community has opened in the Progress Village area touting itself as a distinct living option just 10 miles from downtown Tampa.

    Alta at Magnolia Park dubs its new apartment community, that opened earlier this year in Riverview, a modern and distinct option for living just 10 miles from downtown Tampa.
  5. 'Road to Nowhere' is back: Next phase of Suncoast Parkway coming

    Roads

    Despite intense public opposition and dubious traffic projections, the Florida Department of Transportation has announced that construction of the toll road known as "Suncoast 2" is expected to start in early 2018.

    The Suncoast Parkway ends at U.S. 98 just south of Citrus County. For years residents have opposed extending the toll road, a project dubbed the "Suncoast 2" into Citrus County. But state officials recently announced that the Suncoast 2 should start construction in early 2018. [Stephen J. Coddington  |  TIMES]