Friday, May 18, 2007

 

Daily Update 05/18/2007

Hello and welcome to my page

I am planning on posting daily things that I find interesting on the internet. I hope you enjoy these items as much as I do.Most topics posted on this page will be completely random. Just various stories and news tidbits I have discovered today.

My Favorite Featured Story
Brought to you by Yahoo

Deep-sea explorers said Friday they have mined what could be the richest shipwreck treasure in history, bringing home 17tons of colonial-era silver and gold coins from an undisclosed site in the Atlantic Ocean. Estimated value: $500 million.

A jet chartered by Tampa-based Odyssey Marine Exploration landed in the United States recently with hundreds of plasticcontainers brimming with coins raised from the ocean floor, Odyssey co-chairman Greg Stemm said. The more than500,000 pieces are expected to fetch an average of $1,000 each from collectors and investors.

"For this colonial era, I think (the find) is unprecedented," said rare coin expert Nick Bruyer, who examined a batch of coinsfrom the wreck. "I don't know of anything equal or comparable to it."
Citing security concerns, the company declined to release any details about the ship or the wreck site Friday. Stemm said aformal announcement will come later, but court records indicate the coins might come from a 400-year-old ship found offEngland.

Because the shipwreck was found in a lane where many colonial-era vessels went down, there is still some uncertainty aboutits nationality, size and age, Stemm said, although evidence points to a specific known shipwreck. The site is beyondthe territorial waters or legal jurisdiction of any country, he said.

"Rather than a shout of glee, it's more being able to exhale for the first time in a long time," Stemm said of the haul, by far thebiggest in Odyssey's 13-year history.

He wouldn't say if the loot was taken from the same wreck site near the English Channel that Odyssey recently petitioned afederal court for permission to salvage.

In seeking exclusive rights to that site, an Odyssey attorney told a federal judge last fall that the company likely had foundthe remains of a 17th-century merchant vessel that sank with valuable cargo aboard, about 40 miles off the southwestern tip ofEngland. A judge signed an order granting those rights last month.

In keeping with the secretive nature of the project dubbed "Black Swan," Odyssey also isn't talking yet about the types,denominations and country of origin of the coins.
Bruyer said he observed a wide range of varieties and dates of likely uncirculated currency in much better condition thanartifacts yielded by most shipwrecks of a similar age.

The Black Swan coins - mostly silver pieces - likely will fetch several hundred dollars to several thousand dollars each, withsome possibly commanding much more, he said. Value is determined by rarity, condition and the story behind them.

Controlled release of the coins into the market along with their expected high value to collectors likely will keep prices at apremium, he said.

The richest ever shipwreck haul was yielded by the Spanish galleon Nuestra Senora de Atocha, which sank in a hurricane offthe Florida Keys in 1622. Treasure-hunting pioneer Mel Fisher found it in 1985, retrieving a reported $400 million in coinsand other loot.
Odyssey likely will return to the same spot for more coins and artifacts.
"We have treated this site with kid gloves and the archaeological work done by our team out there is unsurpassed," OdysseyCEO John Morris said. "We are thoroughly documenting and recording the site, which we believe will have immensehistorical significance."

The news is timely for Odyssey, the only publicly traded company of its kind.
The company salvaged more than 50,000 coins and other artifacts from the wreck of the SS Republic off Savannah, Ga., in2003, making millions. But Odyssey posted losses in 2005 and 2006 while using its expensive, state-of-the-art ships anddeep-water robotic equipment to hunt for the next mother lode.

"The outside world now understands that what we do is a real business and is repeatable and not just a lucky one shot deal,"Stemm said. "I don't know of anybody else who has hit more than one economically significant shipwreck."

In January, Odyssey won permission from the Spanish government to resume a suspended search for the wreck of the HMSSussex, which was leading a British fleet into the Mediterranean Sea for a war against France in 1694 when it sank in astorm off Gibraltar.

Historians believe the 157-foot warship was carrying nine tons of gold coins to buy the loyalty of the Duke of Savoy, apotential ally in southeastern France. Odyssey believes those coins could also fetch more than $500 million.

But under the terms of a historic agreement Odyssey will have to share any finds with the British government. The companywill get 80 percent of the first $45 million and about 50 percent of the proceeds thereafter.


My Favorite Story Trash News Story
Brought to you by TMZ

It was a glamorous evening on Thursday as the Duchess of York and the Dutchess of Duhamel bumped their lovely ladylumps together! Fergalicious!

Former British royal Sarah Ferguson, the OG Fergie, was in New York for the 2007 Cipriani Wall Street Concert Series ,which featured a performance by the first lady of the Black Eyed Peas herself, Stacy Ferguson aka Fergie.

My Favorite Press Release Today
Brought to you The Open Press

London, England (PRWEB ) May 18, 2007 -- Industry leading poker room www.CelebPoker.com is pleased to announce twomajor campaigns that are guaranteed to turn a few heads. For a limited time, all new first time depositing players canqualify for an amazing 250% up to $1,000 free bonus. This is the largest bonus ever offered by CelebPoker.com.Interested players should take advantage soon as it ends July 12.

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Marketing Director Michael Maenck is enthusiastic about the next few months at CelebPoker. "We are working around theclock to bring even more added value to our loyal players." Both existing and new players will begin to really experience anew and improved level of player satisfaction at CelebPoker.com. Maenck continued, "We have some really amazing newpromotions and programs on the horizon and being a member at CelebPoker .com will really mean being rewarded -- wevalue each and every player that chooses to call CelebPoker their home."

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My Favorite Spam e-mail of the day
I don't know about you but I am consistently getting spam e-mail. Some of these e-mails totally crack me up. I've decided topost my favorite spam e-mail daily.

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My Weather: Kansas City
Brought to you by the NOAA

Tonight: Generally clear. Low 53F. Winds S at 5 to 10 mph.
Tomorrow: Mainly sunny. High around 80F. Winds SSW at 10 to 20 mph.
Tomorrow night: Mostly clear skies. Low 59F. Winds SSW at 10 to 15 mph.
Sunday: Generally sunny despite a few afternoon clouds. High 82F. Winds SSW at 10 to 20 mph.


My Daily Horoscope (Virgo)
Brought to you by Yahoo Astrology

Quickie
If a family gathering stirs up unfamiliar emotions, try to talk about them openly.

Overview
Are you spending time with this person because you genuinely enjoy his or her company, or are you mostly enjoying howmuch they like you? It's a tough question, but one that deserves an answer. Think about it.


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