OPINION
I. PROCEDURAL HISTORY
RAMSEY, District Judge.
Approximately two hundred years ago, three ships, believed to be carrying a king's ransom in gold altarplate and other riches, sank in the Atlantic Ocean after being battered by a fierce hurricane. The remains of these vessels and their cargo, are currently submerged "under an undetermined amount of sand" off the shore of Ocean City, Maryland.
On January 13, 1981, plaintiffs Subaqueous...
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