Adventurers have long dreamed of treasure from the sea. Usually they have booty from bygone eras in their sights--as happened this September 2013, for example, when divers discovered a hoard of gold coins off Cape Cod MA. The coins most probably came from the 1717 wreck of pirate "Black Sam" Bellamy's flagship, the Whydah Gaily, and the treasure-hunters had to penetrate several feet of dark and slimy ocean-floor seaweed to reach them: like "diving in a vat of black gelatin," according to one news report. Here, Collins discusses the modern attempts to extract precious metals from the sea that follow a long and chequered history.
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