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Deep-sea explorers may lose vast treasure to Spain

06-04-2009 • AP

[so much for salvage law] Florida deep-sea explorers who raised an estimated $500 million treasure from the 200-year-old wreck of a Spanish galleon should give all the loot back to Spain, a federal magistrate judge said. But the two-year tug-of-war over the 17 tons of silver coins and other artifacts from what is believed to be the Nuestra Senora de las Mercedes y las Animas is likely far from over.

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