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...pirate knows, dividing the booty can be tougher than finding it. So Professional Treasure Hunter Mel Fisher has wisely relied on a high-tech mediator. Last year Fisher discovered the sunken loot of the Nuestra Senora de Atocha, a Spanish galleon that sank off the Florida coast in 1622. He retrieved 118,343 items, including emeralds, gold bars and silver coins, with a potential worth estimated by Fisher at $170 million. Last week, after a 22- member committee assigned a value to each item, Fisher fed the data into an IBM computer, which apportioned the goods among...

Author: /time Magazine | Title: Treasure: Byte-Size Booty | 10/27/1986 | See Source »

...incentives for undersea exploration extend beyond the historical and archaeological benefits. High-tech fortune hunters are locating sunken treasure ships and recovering their precious cargo. New remote-controlled vehicles are prowling the ocean depths, some dropping listening devices and scouting out potential hiding places for missile-firing submarines. Others are seeking mineral deposits and clues to the movement of the earth's tectonic plates, and charting the two-thirds of the earth's surface that until recently has been largely inaccessible...

Author: /time Magazine | Title: Science: Down into the Deep | 8/11/1986 | See Source »

...only 1,200 ft. out from the sunbathers on Cape Cod's Marconi Beach, Clifford is salvaging booty from the Whydah, a 100-ft.-long pirate galley that foundered on a sandbank in 1717. "Everyone grew up knowing the story," recalls Clifford, who first heard the tale of sunken treasure from his crusty, Cape Cod-born uncle. "She was part of our lore...

Author: /time Magazine | Title: Science: Down into the Deep | 8/11/1986 | See Source »

...Navy's 31 1/2-ft., 58,000-lb., three-man Sea Cliff, which can safely carry its crew to a depth of 20,000 ft. Its manipulator arms can operate a variety of underwater tools, including a drill, a cable cutter, scissors, and plier-like jaws that can grasp sunken torpedoes, as well as attach cable slings to raise heavier objects such as downed aircraft...

Author: /time Magazine | Title: Science: Down into the Deep | 8/11/1986 | See Source »

George Bass and other archaeologists worry not only about the looting of rare artifacts but about the damage done by treasure hunters, most of whom care little about the remnants of the sunken ships. The scientists, accustomed to removing artifacts gingerly, carefully digging with spoons and even their fingers, are particularly horrified by the use of mailboxes, which can blow 3- ft. to 6-ft. holes in the sand, scattering artifacts...

Author: /time Magazine | Title: Science: Down into the Deep | 8/11/1986 | See Source »

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