The salvage made it possible to establish the first historic shipwreck museum in the UK to receive government accreditation and funding.

A public company, Odyssey sells stock and hopes to turn a profit mainly by setting up shipwreck museums and selling coins.

The group hopes to come up with $200,000 to fix it up and open it as a shipwreck museum.

Cropp currently resides in Port Douglas, Queensland, where for twenty years he also ran a shipwreck museum.

"We'd love to start a shipwreck museum out in Montauk, because so many of the boats ran aground there."

Fort Grey on Guernsey is now a shipwreck museum and holds one of the cannon from Boreas that points towards the reef where she sank.

For non-divers, there's a great shipwreck museum at Saba Rock (www.sabarock.com) run by wreck diving expert Bert Kilbride.

Odyssey, a public company, hopes to make a profit mainly by selling coins and setting up shipwreck museums and exhibits.

Within its walls there is a 12th-century chapel containing reused late Roman capitols, and a shipwreck museum.

The finder was subsequently licensed to excavate under archaeological supervision with the intention of displaying finds in a local shipwreck museum.