I’ve been watching an utterly fascinating show on the Discovery Channel called Treasure Quest, in which a marine exploration company searches for (and sometimes excavates) sunken ships. Their primary goal seems to be sunken treasure, but they seem to be interested in the historical/archaeological aspects of it, too.
Anyway, the show has obliquely mentioned a couple of times that at least one of their treasure finds is tied up in Spanish courts, with Spain (apparently) claming that anything found on the bottom of the sea of the coast of Spain belongs to the Spanish government.
Is this an intimidation tactic by the Spanish government, or is international law on their side? Also, what does US law say about sunken treasure? If I’m scuba diving off the coast of Miami and find some gold coins, are they mine to keep (after the IRS’ cut, of course)? Or does the US government get first crack?