• Same story, different day...........year ie more of the same fiat floods the world
  • There are no markets
  • "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

Fisherman scoops up $100 million pearl, keeps it under bed for 10 years

Scorpio

Скорпион
Founding Member
Board Elder
Site Mgr
Sr Site Supporter
Joined
Mar 25, 2010
Messages
24,723
Likes
27,707
#1
Fisherman scoops up $100 million pearl, keeps it under bed for 10 years


MarketWatch

Yaron Steinbuch 3 hrs ago




The lucky angler, who has not been identified, discovered the 75-pound pearl — believed to be the biggest ever — in the sea off Palawan Island, the Mirror of the U.K. reported.

Unaware of the giant pearl’s value, he kept it as a good-luck piece under his bed until a fire in his home forced him to move. The superstitious fishermen then decided to hand it over to the tourism office in remote Puerto Princesa, city officials said.

A stunned tourism officer determined that the pearl, measuring a foot wide and 2.2 feet long, dwarfs the official current record holder — the $35 million, 14-pound Pearl of Allah, which in 1934 was also found off Palawan.

“The fisherman threw the anchor down and it got stuck on a rock during a storm,” tourism officer Aileen Cynthia Amurao explained. “He noticed that it was lodged on a shell and swam down to pull up the anchor, and also brought the shell with him.

“He didn’t know how much it was worth and kept it tucked away at home as a simple good-luck charm,” she added.




© Provided by Dow Jones & Company, Inc. The 75-pound pearl found in the sea off Palawan Island in the Philippines.
Amurao told local media she has called on experts to authenticate the fortunate find.

“We were amazed when he brought it to us,” she said. “We now need help from gemologists to fully certify it. But we believe Puerto Princesa is likely to earn another prestigious title and a record breaker for having the world’s biggest natural giant pearl from a giant clam.”

An expert at Appraisers WorldWide said pearls typically aren’t cut down into smaller pieces because they’ll lose their luster.

“I don’t know what kind of jewelry can be made out of [this pearl],” he mused. “This is probably a museum item.”

The Pearl of Allah, also known as the Pearl of Lao Tzu, has been exhibited at the Ripley’s Believe It or Not! in Times Square.

Officials plan to keep the fisherman’s pearl in the Philippines in a bid to increase tourism to the area.

Giant clams, which rarely produce pearls, can grow as large as four feet in length and weigh 500 pounds. They’re typically found in the South Pacific or Indian Ocean.

This story originally appeared at NYPost.com

http://www.msn.com/en-us/money/mark...-under-bed-for-10-years/ar-BBvZRxg?li=BBnb7Kz
 

<SLV>

Gold Member
Gold Chaser
Site Supporter ++
Joined
Apr 1, 2010
Messages
3,115
Likes
3,614
#2
So... the fisherman gave it away?
 

Irons

Deep Sixed
Mother Lode
Site Supporter ++
Joined
Mar 30, 2010
Messages
25,452
Likes
37,967
#4
Gold would be better.
 

ToBeSelfEvident

Gold Member
Gold Chaser
Joined
Apr 10, 2010
Messages
1,333
Likes
1,113
#5
Sounds like the greatest real value it will ever have is during the years it kept his mattress from drooping.

Not much of a museum piece since his anchor gouged it, LOL. Too big for a necklace.