Deep Blue Marine, Inc. Moves Boats to Safety After Successful Recovery of Rare 3 Reale Silver Coins

Aug 04, 2011, 09:30 ET from Deep Blue Marine, Inc.

SALT LAKE CITY, Aug. 4, 2011 /PRNewswire/ -- Deep Blue Marine Inc., OTC: (DPBE .PK), is pleased to announce that all boats and crew have returned to the safety of Samana harbor in the Dominican Republic as Tropical Storm Emily bears down on the island of Hispaniola. The boats will remain harbored in Samana until the weather clears and safe diving conditions are restored.  At the time of this writing, Emily has sustained winds of 50 mph with gusts to 65 mph and is heading WNW at 13 mph. The latest satellite data shows that Emily has shifted to the west; however, according to the National Hurricane Center, it is anticipated that 4-6 inches of rain should be expected with isolated areas receiving up to 10 inches.

At this time it is not anticipated that Emily will strengthen to hurricane status before making landfall on Hispaniola, but it is still a very dangerous storm and all precautions will be taken to ensure the safety of the boats and crew. This is the largest storm to affect the diving area since Hurricane Earl came within 200 miles of the north coast last summer. The crew is happy to be safe and back in port after a very lengthy dive tour which produced some of the most significant coins discovered to date in the New World.  

The coinages of the Americas began with the Mexico mint. The mint itself was located in the original Mexico City, which Hernando Cortes had built directly on top of the ruins of the former Aztec city of Tenochtitlan in 1523. The Mexico mint was one of the great mints of Spanish colonial America and the first in the Western Hemisphere. From its initiation in 1536 until the last pieces were produced in 1734, it was a major source of nearly one half of the world's silver supply and much of its gold. This latest tour of duty by Deep Blue Marine in the contracted area has been very successful with the recovery of numerous artifacts including a number of 16th century silver coins to add to the hundreds of coins already recovered. Of particular interest are the three 3 reale coins recovered on the Preciosa site. These particular coins were produced following an edict from Queen Joanna of Spain beginning early 1536, but were discontinued late in 1537 when the 4 Reale coin began production (1).

These coins are very rare and, interestingly enough, were all found together. Deep Blue Marine wishes to commend Capt. Billy Rawson and Archaeologist Alejandro Selmi and the rest of the crew for their devotion and hard work under pretty tough diving conditions. Once the storm has passed and conditions improve, the crew will return to the area to resume recovery.

Deep Blue Marine wishes to thank the officers and directors of the Dominican Republic Ministry of Culture for the assistance they have rendered to the company as we have gone forward with this amazing project on the North Shore.  Without the continued support of Pedro Borrel, Wilfredo Feliz, Francis Soto and the professional staff at the Ministry, these priceless artifacts and historical pieces would be lost forever.  We wish to thank the staff for the incredible job they do in preservation and conservation of the history of the Americas.

(1) "Cobs, Pieces of Eight and Treasure Coins" by Sewall Menzel pg. 39

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Source: Deep Blue Marine, Inc.  801-631-9104

SOURCE Deep Blue Marine, Inc.