Word: odyssey
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Dates: during 2000-2009
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There's the rub. As Odyssey has discovered before, where there is gold and silver, there is likely to be controversy as well. The publicly traded firm has repeatedly provoked the ire of archaeologists who complain that Odyssey is more interested in profit than in protecting historically valuable artifacts. Currently, the company is locked in a court battle with the country of Spain over ownership of the remains of a ship that experts believe to be the 17th-century Nuestra Señora de las Mercedes...
After years of exploration, Odyssey located the wreckage about 62 miles (100 km) from the site where public opinion has long held that the Victory went down. That location, according to Stemm, helps clarify why the ship sank. "If it had run aground on the Casquets [an outcropping of rocks in the Channel], as historians have believed for over 250 years," he says, "it would have been because of a navigation error because the Casquets were far south of where the ship should have been. Since it obviously foundered in deep water, with a very experienced crew - it was almost...
...everyone is so enthusiastic, however. Dr. Jon Adams, director of the Centre for Maritime Archaeology at the University of Southampton worries that site preservation and scientific knowledge will be sacrificed in Odyssey's quest to unearth valuables. "I don't think they're the best people to be conducting this retrieval," he says. "They're in business to make money from what they find beneath the sea. They're basically treasure hunters...
...Odyssey defends itself against those charges by noting that it hires experienced archaeologists for its expeditions, and observing that only commercial archeology has the resources to carry out expensive, time-consuming exploration. As for treasure, well, thus far the only booty recovered from the Victory are two cannon, including a historically valuable 42-pounder etched with the crest of George I. But according to one contemporary newspapers account, there was ?400,000 of gold on board, not an unusual amount in a time when warships acted as the Brinks armored trucks of their...
That gold could prove controversial. In 2002, Odyssey negotiated an agreement with the British government to share the value of any retrieved artifacts from a shipwreck believed to be the HMS Sussex. At the time, historians and archaeologists were outraged that the 'spoils' from the historically significant site would be divided and put in private hands, an outrage only increased by Odyssey's practice of selling artifacts individually in order to fund its expeditions. Noting that every coin is carefully catalogued so that no information is lost, Stemm defends the practice. "Selling these coins to pay for the archaeology...