“Some great white whales, like the Merchant Royal, are still out there, lost somewhere off Cornwall, with a supposed $1.5 billion in shiny stuff.” FIRST THINGS FIRST: Don’t call them treasure hunters. Of course, that’s what onlookers have always called colorful characters like Mel Fisher, who found the Spanish galleon Atocha off the Florida Keys in 1985. Gold and silver bars, coins, jewelry and emeralds were included in the discovery, a haul worth around $400 million. At Fisher’s online store, a coin from the Atocha, mounted in 14-karat gold, goes for $13,700.
But selling such historical prizes upsets people, says Jim Sinclair, a maritime archaeologist involved with the Atocha find. Academicians and regulators who want such treasures placed in museums, or preserved in situ, have a profound distaste for someone…
