Friday, January 02, 2015 9:18:14 AM
Are coins or bullion believed to be on the site?
Research shows that substantial quantities of gold were being carried on a regular basis from Lisbon to England on the larger Royal Navy ships during this period. The Dutch financial publication Amsterdamsche Courant of November 18/19, 1744, reported that Balchin’s flagship carried a huge sum of money when she foundered: “People will have it that on board of the Victory was a sum of 400,000 pounds sterling that it had brought from Lisbon for our merchants.” Based on contemporary accounts of coinage being shipped from Lisbon at the time, this cargo most likely consisted of gold coins minted in Portugal and Brazil, although it could also have included other colonial coinage. If gold, this would equate to approximately 100,000 1 oz. gold coins weighing approximately 3 tons.
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