The Lost Gold of Monterey Bay
California, Government, Maritime Law, Regulation, Sunken Treasure
You got lucky and stumbled upon a fabulously valuable treasure of gold, then you learned that you were unlucky enough to live in a time and place so hedged round everywhere with rules and regulations that you could never even try to recover that treasure. All you can do is tell your sad, sad story to the SF Chronicle
One night five years ago, fisherman Giuseppe Pennisi was lying in bed with his laptop propped up on his barrel chest, reviewing video footage captured from his 76-foot boat, the Pioneer. The boat is a bottom trawler. It scoops up fish with a net that bounces across the seafloor at depths of more than 4,000 feet. A tinkerer, Pennisi likes to keep GoPro cameras attached to the net, allowing him to study the footage and improve his technique. That night, around 2 a.m., he noticed his camera slide past something unusual.
Along the murky seafloor, fish and rocks come in rounded shapes and soft colors, muted grays and greens. His eyes were attuned to this drab underwater landscape, which is why he had been puzzled by brief flashes of light on the video screen, shiny surfaces glimmering by. Then he saw it: a rectangular object, sharp-edged and pale, almost white, with a tinge of yellow.
It was September 2014, and Pennisi, who goes by Joe, was 50 years old, with four decades of fishing behind him. He had sailed on commercial boats since he was 7; his father and grandfather had towed their nets in the same waters for more than a century. He had never seen anything like the object in the video. Still, Joe sensed immediately what it might be. His net often got caught on the rotting underwater husks of old ships wrecked just beyond the Golden Gate, and he knew that some of those ships — Spanish galleons, Gold Rush-era steamers — had carried treasure.
He rewound the video, peered forward and froze the frame with the yellow rectangular object. It looked for all the world like a gold bar, an ingot. For a few minutes, he stared at it while his wife, Grazia, slept beside him.
Then he started to scream.
