$500 million in Silver discovered?

[Johnw...ski]

This was actually discovered in the well referenced by Green Manalishi some months ago....

--Matt

No wonder the well was so shallow.

 

[Green_Manelishi]

This was actually discovered in the well referenced by Green Manalishi some months ago....

--Matt

Ha, I wish that were so.

 

[MSilvia]

I lost $500 million in coins when I was sailing off the coast of England a few years ago.

Man... I wish we'd met before you wrecked your 17th century galleon. That would have made a cool day-sailer

 

[LobstaMan]

Man... I wish we'd met before you wrecked your 17th century galleon. That would have made a cool day-sailer

Yeah, it great on gas.

LobstaMan

 

[grayeagle]

does any know how much a troy oz. is ?

 

[Gilldiver]

1 oz Avd = .9115 oz Troy
1 oz Troy = 31.1035 grams

Hard value is that 500,000 coins = 500,000 troy oz of 90% silver =

450,000 troy oz pure silver @ $12.90 per oz = $5,805,000 melt value

Now coins of the type that they say they are sell at about $60-$100 each on ebay

So, 500,000 x $60 = $30,000,000
500,000 x $100 = $50,000,000

The $1000 per coin was never given by Odyssey Marine Exploration, the only people who are stating values like that are the yellow press quoting each other.

Go to www.shipwreck.net for more info.