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Sunken treasure haul heads to US from Spain

A haul of gold and silver coins salvaged from a sunken Spanish galleon is heading from the US to Spain after five years of legal ownership wrangles.

US firm Odyssey Marine Exploration found 17 tons of the coins in a wreck off Portugal's Atlantic coast in 2007.

At the time, the treasure was estimated to be worth $500m (£316m).

But a US federal judge recently ordered Odyssey to give Spain access to the treasure, the last in a series of legal defeats for the salvage firm.

Tim Allman reports.

  • 25 Feb 2012
  • From the section Europe
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