Word: ingot
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Dates: during 1980-1989
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While one diver, armed with a hammer and chisel, began chipping away around a copper ingot, trying to loosen it from concreted sediment, another culled the bottom, scooping sand with one hand and drawing it into a suction tube held in the other. Suddenly, something metallic flashed in the dim light filtering through the water. It was a piece of gold jewelry that had remained hidden from sight for 34 centuries. In the next several minutes, the team members uncovered more jewelry, a quartz bead, broken arrowheads and pottery shards, which they stored in a red-and-white plastic container...
...team of divers six months ago reached the 8,524-ton Russian cruiser Admiral Nakhimov, in 314 ft. of water 5.5 miles off Tsushima Island, in an area between South Korea and Japan that lies well within Japanese territorial waters. They surfaced with a dull silver, footlong, 22-lb. ingot bearing Cyrillic markings. Said Salvage Chief Katsumi Uchinai as he displayed the bar before a packed Tokyo press conference: "At long last we have uncovered the treasure...
...promise to pay in gold the interest every year and the face value in full in 1995. While the 1895 price of gold was $20.67 per oz., the precious metal closed in New York last week at $511. For decades the Atchison, Topeka & Santa Fe Railway, the largest remaining ingot bond issuer, dutifully made 2% semiannual interest payments in gold coin. But in 1933, Congress struck the gold clause and restricted the bonds' interest and principal payments to cash...