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View Poll Results: So let’s say one was diving and found some antique cargo, did not want to claim it
Would you put in your private collection and never show it off
2.63%
Melt it down for scrap value
10.53%
Try to initiate it as a new claim (if origin can be determined), no claims within 10 nautical miles
31.58%
Keep your mouth shut and admonish yourself for posting this silly hypothetical question...
60.53%
Multiple Choice Poll. Voters: 38. You may not vote on this poll

Hypothetical Question

Old 04-24-2011, 02:55 PM
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Default Hypothetical Question

So lets say one was diving and found some antique cargo, did not want to claim it as Relics....

Would you put in your private collection and never show it off

Melt it down for scrap value

Try to initiate it as a new claim (if origin can be determined), no claims withing 10 nautical miles

Keep your mouth shut and admonish yourself for posting this silly hypothetical question...
Old 04-24-2011, 03:02 PM
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We will need GPS coordinates for us to answer accurately.
Hypothetically speaking.


.
Old 04-24-2011, 03:14 PM
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I would not post about it on the internet.

And I would not try to cheat Uncle Sam.
Old 04-24-2011, 05:19 PM
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Originally Posted by SimonFL View Post
I would not post about it on the internet.

And I would not try to cheat Uncle Sam.
And an FYI, this is the website of a guy I went to high school with (30 years ago). http://www.wreckoverysalvage.com/

If you want to contact him let me know.
Old 04-24-2011, 06:58 PM
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Before I vote....here's my impression.

If the value was really large and you kind of know that this is some Spanish galleon like the Atocha, then I'd consult a number of attorneys familiar with how to go about claiming and salvaging.

If the whereabouts of the stuff was unknown, then sharing the booty with Uncle Sam would be real low on my priority list. Finders keepers.

I would not just keep it, because I don't have the ability to keep something really neat a secret.

If I melted it down, then that would be stealing from history....better sleeping at night by trying to get the find legitimized.
Old 04-24-2011, 09:51 PM
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This post is worthless without pictures...
Old 04-24-2011, 10:02 PM
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Originally Posted by Cracker View Post
This post is worthless without pictures...
Old 04-24-2011, 10:23 PM
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Originally Posted by 240 LTS View Post
We will need GPS coordinates for us to answer accurately.
Hypothetically speaking.


.
Old 04-25-2011, 06:27 AM
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Originally Posted by Sprockets View Post
And an FYI, this is the website of a guy I went to high school with (30 years ago). http://www.wreckoverysalvage.com/

If you want to contact him let me know.
Before I got kicked off Treasurenet by some pencil neck thin skinned poorly endowed owner, I read every post by Tom. I metal detect or treasure coast beaches, and this issue is common. Read about Mel Fishers fight with the state of Florida.
Old 04-25-2011, 07:30 AM
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Originally Posted by billinstuart View Post
Before I got kicked off Treasurenet by some pencil neck thin skinned poorly endowed owner, I read every post by Tom. I metal detect or treasure coast beaches, and this issue is common. Read about Mel Fishers fight with the state of Florida.
I grew up next door to Tom and we were good friends but we have not talked in ages. Seeing this thread got me to reach out to him after all this time.
Old 04-26-2011, 05:40 PM
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Not that I'm endorsing anything illegal but...

If you don't sell it you will probably be in the clear. If you do sell your treasure trove consult a tax attorney on the best way to declare the income. IRS only cares about getting their due with few exceptions.

If it's real antiquities you might have trouble selling to a legitimate buyer without provenance. They might go for "It's been in my family for generations." "I found them in a box of old stuff my late grandfather stored in the attic."

You can also just hang onto the materials. Enjoy your collection with friends the way you might show them photos of your trips. Keep it small so they don't gossip that you have a treasure chest. On TV, that's a good way to get robbed. Maybe you can leave them to your family and your will might legitimise it.

In the long run though, you'll probably be better off declaring it. There are probably lawyers who can help walk you through it. If it wasn't an organised salvage you probably won't be cited for not having a historian's over-sight and you might even be allowed to keep something.

Good luck!
Old 04-26-2011, 05:47 PM
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Originally Posted by Cracker View Post
This post is worthless without pictures...
yeah you know hypothetical pictures, saying you did find something what might it look like?
Old 04-26-2011, 07:52 PM
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The only hypothetical picture I can show would be a home depot bucket filled with the finest seawater south of the Mason Dixon line, it gets delivered to a restoration expert this week, knowing my luck its provenance is probably one of those gold chains they give you when you purchase a Fountain....
Old 04-27-2011, 05:28 AM
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I would sleep well with any of those choices.

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