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Treasure Valued at $10M Discovered in Sunken Pirate Ship Off Coast of Borneo

Not all the pirate news is bad these days. German newspaper Bild reports that Dresden-based treasure hunters have found riches in a pirate ship that sank off the coast of Borneo in 1806.

At first, everything on the ocean floor looks encrusted and worthless. But when you hold the treasure in your hands, it’s an indescribable rush of adrenaline. You’re witness to times past,” expedition leader Martin Wenzel told Bild, according to German news website The Local.

Wenzel told Bild that divers have so far found 1.5 tonnes of silver coins, gold jewellery, cannons, crystal and porcelain in the wreck, The Local reports. The value of the coins alone is believed to be more than $10-million Cdn.

Over the past two years, Wenzel and his team searched 35 ship wrecks in the area but only two before now turned up anything of value.

The name of the pirate ship that finally paid off? Forbes. That should have been their first clue to its treasure.