Page 11 - Treasure, World & U.S. Coin Auction 17
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DFS:   I guess not! Again before I get to Mel Fisher, let me ask you   Wreck and getting 1000-2000 coins a day.
                this: Until relatively recently, at least in my experience, it  DFS:   And that wasn’t happening any more?
                wasn’t standard for collectors to really keep track of which  LU:   That wasn’t happening any more.
                exact 1715 site their coins came from, but over the years I,  DFS:   How did Mel Fisher end up with all of the leases on those
                at least, have relied upon you to help me figure out which   wrecks?
                wrecks certain items came from. Can you give any general  LU:   When Real Eight Co. dissolved, we let Mel come in and take
                tips as to how you determine the origins?              over the leases.
         LU:    Well, basically I kept records, in a little notebook. I wrote  DFS:   Well, of course, most of the Real Eight people have since
                down each day what was found.                          passed away; of those, who were your closest associates, and
         DFS:   You seem to have a lot of it committed to memory as well.  what are your favorite memories of your association with
         LU:    True. I got interested in the coins very early, knew they were   them?
                worth some money. Bob Nesmith came down, looked at  LU:   We were always good friends. I still spend a lot of time with
                them and said “right now you think they’re just like oyster   Rex Stocker, Kip’s nephew. I see Del Long once in a while,
                shells but these coins will be worth a lot of money some day.   John Jones; but Harry [Cannon] and Dan [Thompson] and
                You need to keep good records.” And he convinced me to do   Doc [Dr. Kip Kelso] all passed away. We were always good
                that, showed me how.                                   friends.
         DFS:   And you still have these records, right?        DFS:   Did they all stay in this area?
         LU:    Sure do.                                        LU:    Yes.
         DFS:   Were these records ever anything the State was interested in,  DFS:   That’s amazing that you could stay friends throughout all
                or did you ever assist the State in record-keeping?    of that. It’s not the usual thing for treasure divers to stick
         LU:    I helped them, but they didn’t seem too interested.    together and stay friends after finding things. What do you
         DFS:   Right, that’s been my impression. How did Mel Fisher change   think is the future of 1715-Fleet salvage?
                Real Eight when he came along, and 1715-Fleet salvage in  LU:   I think most of the wrecks have been found…most of the
                general?                                               treasure has been found…still getting a little bit of stuff.
         LU:    I was working for the Air Force at the time, made a lot of  DFS:   So you don’t think that new sites will be found?
                trips to the west coast and every time I went to the west coast  LU:   Rex Stocker may have found one in 42 feet of water. I don’t
                I would go to dive shops. I walked into Mel’s dive shop and   think it will be a major ship. The two capitanas and two
                he was out diving. Dee Fisher was there…showed me silver   almirantas we worked carried most of the treasure.
                cob pieces Mel was carrying in his store…I told her she had  DFS:   Everything else is just a boat that would not have had anything
                half reals…I showed her some 8 reals…Mel was diving on   on it in the first place.
                the Silver Shoals wreck off Puerto Rico…I told her he should  LU:   Yeah, not much on them.
                stop by to see Kip on the way down…he agreed, started to  DFS:   Do you think any of the current sites will yield any new finds,
                come work with us. The week after the holidays Mel’s crew   or do you think they’ve all been pretty well worked, both the
                worked five days a week, ten hours a day. He made it more   capitanas and the almirantas?
                of a business.                                  LU:    I think maybe there’s still a partial chest, there’s some jewelry
         DFS:   Changed the face of it, I guess?                       to be found, but I don’t think major finds of silver or gold
         LU:    Yes.                                                   coins will be made.
         DFS:   But also, if I remember correctly, one of his associates was  DFS:   Not the cargo, in other words.
                Fay Feild who brought the magnetometer to work on the  LU:   That’s right.
                wrecks, I’m sure that changed it.               DFS:   You are also known for your involvement with various
         LU:    That helped a lot.                                     important salvage operations on the Pacific coast of South
         DFS:   But Mel had not met Kip until you invited him to come   America, particularly Ecuador; what is your role in the
                meet with you, is that correct?                        operations down south?
         LU:    Right.                                          LU:    Provide money.
         DFS:   How did he and Kip get along?                   DFS:   So it’s just the financial support?
         LU:    Pretty well.                                    LU:    I’ll work the coins, clean them, treat them, once they find
         DFS:   Did everyone with Real Eight get along well with Mel?  the main part of the wreck.
         LU:    Harry didn’t get along with him, but everyone else did.  DFS:   So you do provide numismatic assistance with that and
         DFS:   What eventually happened between Mel and Real Eight and   expertise?
                how did Real Eight eventually dissolve?         LU:    Yes.
         LU:    Mel found out about the Atocha, wanted to look for it, spent  DFS:   And you do your own cleaning?
                more time in the Keys, less time on the 1715 Fleet. So he  LU:  Yes.
                was down in the Keys quite a bit, that’s why we dissolved the  DFS:   What do you predict for the future regarding these operations
                relationship, he wanted to work in the Keys and we wanted to   down in South America?
                work 1715. Real Eight stayed probably till about 1972 then  LU:   Well, the wreck we’re looking for, sunk in 1612, should have
                it dissolved…Kip had died, so the glue that held us together   6 or 7 million pesos of silver and gold on it.
                was no longer there.                            DFS:   Six or 7 million pesos?!
         DFS:   So it was pretty much when Kip died that Real Eight ended?  LU:   That’s what they claim. The Spanish couldn’t salvage it, some
         LU:    Yes, plus the fact that we were used to going out on the Cabin   boxes were ruined…little too much mud there.
                                                                DFS:   What depth of water is it?
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