Consumer group wants Peru to claim treasure found near Spain

On 11/06/2008
In Illegal Recoveries
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From the Associated Press

Peruvian consumer rights advocates urged Peru's government Monday to claim some US$500 million in gold and silver coins found in a sunken galleon off the coast of Spain last year.

Some 17 tons (15.4 metric tons) of coins were discovered by a Tampa, Fla.-based treasure-hunting company, Odyssey Marine Exploration, when it raised a shipwreck west of the Straits of Gibraltar in May 2007.

Spain's government also claims ownership of the wreck and its contents — and has sued Odyssey, which hauled away the treasure.

But the Association of Peruvian Consumers and Users said the South American nation also has a right to the booty, since it believes the coins were made with Peruvian metals and minted in Lima.

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