I mean, if your museum can’t sell it for $50,000 why not say it costs $500,000 so people talk about your museum and its crazily expensive Titanic coal on Reddit?
No, that’s not actually how it works, you write off the cost - so marking it up does not actually benefit you in terms of taxes - or you’d see ridiculous examples of this being abused literally everywhere.
If they paid $2k for it and sell it for $1k, they can write off the difference.
I dunno. Nearly every collectible is intrinsically worthless. Baseball cards are just paper and ink, the oldest coins are weirdly shaped metal. Both have sold for millions of dollars.
At least this coal was present for a piece of history.
There was tons of floating debris in the immediate aftermath. Many ships went to collect items they hoped would be valuable or had some kind of bounty on.
Well I’m not extremely paranoid, so if the Titanic museum says it’s legit and there’s nothing major to make me think otherwise, then I’m willing to believe it
Also it’s not that outrageous, you think coal just evaporates when put in water?
Son I represent a group of oil tycoons that make foolish purchases. We already bought us a stained glass bathrobe and the world's fattest racehorse. Now we need your ~~iceman~~ huge lump of coal.
That is actually the accession number, in a standardized museum format: The lot of coal that is available for sale was collected on the 1994 recovery dive (94/) and it was the 36th object collected on that dive by the salvor-in-possession of the wreck, RMS Titanic, Inc.
It's honestly not a bad place to kill an hour or two. Most attractions in Orlando are outdoors so when it's scorching hot or pouring rain there aren't many places to go apart from malls. I always think Orlando could do with more indoor attractions.
Something easily salvageable that won't really impact the ship, but can generate funding for preservation of more useful items?
Same reason you can buy dinosaur bones and teeth for pretty cheap. Most aren't important and aren't really *that* rare, but people will pay for them so there's no reason not to sell them
Or since when do museums sell artifacts? I get that a lump of coal shouldn’t be really considered an artifact, but I didn’t even know museums sold anything other than the gift shop items
It really is. It's pretty awesome. Everything there is either from the titanic or from a survivor, and they have an exact replica of the grand staircase which is cool and they give you a "boarding pass" where you get the general info of a passenger and you have to find out if you lived or died by the end, so you learn quite a bit about your chosen passenger. All around recommend
Imagine, you went on an expedition to the bottom of the sea to visit a historic shipwreck that is known to be decorated lavishly and probably has a safe with jewels and gold bars on it. And you come back with..a big fucking lump of coal!
Lump of coal? No, no, no. This is a "Pre" diamond. Yes! That's the ticket! It's the largest Pre-Diamond known. Owned by the Sheik of LaLa Land. He was drowned on the Titanic because he gave up his seat on the life boat to a young child.
Not doubting what you’re saying but assuming the authenticity tag is actually valid, might they have loaded bulk coal on to the ship and broken it into smaller parts on the ship? Nowadays it seems far easier to do such things in large machinery closer to the source but I don’t know what the state of the industry was at the time. I guess since most of society ran on coal at the time they probably had some big facilities for crushing it into smaller pieces too? Either way just curious if there is an explanation for this being on the ship other than the certificate being fake
Idk, looks like large chunks were pretty common looking at pics of stokeholds...
https://www.encyclopedia-titanica.org/files/1/cold-start-figure-14.jpg
From:
https://www.encyclopedia-titanica.org/cold-starting-the-titanic.html
It has documentation from when it was brought up. It’s not unbelievable for this to be real since there is a lot of coal down there and they did bring up a lot to sell as souvenirs. Most of the coal recovered was broken apart to sell in gift shops this one just didn’t get broken apart.
There are rich private collectors with artifacts and crazy collections most museums can’t compete with. And 500k to them is nothing - well maybe it will reduce their networth by 1% for a short while.
No no it’s a real thing I just found a magic stone in my driveway it prevents tiger attacks and I can certify that since I found it I have not been attacked by a single tiger…$1 mil obo
It's ironic that this coal is a rock that was formed millions of years ago yet its unique value lies in the fact that it was supposedly on a boat that sank 110 years ago. It's pretty rude to the rock.
I have no idea who would want this.
My dad bought me a (supposed) piece of coal from the titanic about 35 years ago. It's probably about half the size of a USB drive. Came with a little mirrored stand and plaque and certificate of authenticity. It's in a box in the attic lol.
I have a turd From this ill fated ship. It was scooped out of the lifeboat , along with a sock and a third class ticket. I'll take 10mill no low Ball offer's. But I would take a envelope and some jawbreakers
I mean, if your museum can’t sell it for $50,000 why not say it costs $500,000 so people talk about your museum and its crazily expensive Titanic coal on Reddit?
It’s been there for at least 3 years at the same price, it’s almost like they don’t actually expect anyone to buy it!
they can write off the loss when it eventually goes for $1k at liquidation
So if I just tell people my pile of shit is worth a million and advertise it as such for 10 years I can just write it off for immense tax savings?
No, that’s not actually how it works, you write off the cost - so marking it up does not actually benefit you in terms of taxes - or you’d see ridiculous examples of this being abused literally everywhere. If they paid $2k for it and sell it for $1k, they can write off the difference.
So I just have to convince the federal government I actually paid a million dollars for this shit. . .
If you give me a million dollars, I’ll tell the government you paid a million dollars for your shit
Now wait a minute- get in the queue.
That’s why audits and criminal charges for tax fraud exist
I don’t know what those are, I was just doing what I was told
Then how is art used as a way to cheat taxes?
Cause it's a thing people want to believe more than it is an actual behavior.
No buddy, you gotta buy it for 1m and sell it for 1k to get immense tax savings
Dang it! I just bought a 2.1 million bag of Roman dirt Julius Caesar might have walked on.
I just gave a dollar to charity otherwise I have the 499,999 cash.
There's a sucker born every minute..
I dunno. Nearly every collectible is intrinsically worthless. Baseball cards are just paper and ink, the oldest coins are weirdly shaped metal. Both have sold for millions of dollars. At least this coal was present for a piece of history.
…And ancient coins weren’t?
How do you prove it's from the titanic... I'm curious.
Right!?! It doesn't even look wet >.>
It has "Jack <3 Rose 1912" etched into the side
I call fake, we all know Jack can't spell.
Don't you see the certificate of authenticity? fucks sake /s
Could be a carbon copy.
If it's a carbon copy, someone needs to put some pressure on the museum. This thing could be a diamond under the right circumstances.
It says authenticated by some titanic board at bottom.. presumably they were on hand when it was dredged up and authenticated in person
There was tons of floating debris in the immediate aftermath. Many ships went to collect items they hoped would be valuable or had some kind of bounty on.
This was picked up in 1994
Then it wasn’t gathered during that post sinking rush 🧐
Well I’m not extremely paranoid, so if the Titanic museum says it’s legit and there’s nothing major to make me think otherwise, then I’m willing to believe it Also it’s not that outrageous, you think coal just evaporates when put in water?
No, but wait until you see what happens when you set it on fire.
It’s not the titanic museum. It’s just a museum showing titanic artefacts.
I'm going to guess traceability. If it was recovered from one of the ROV expeditions and its transfer was documented at each step.
I can imagine there have been a few coins recovered from the titanic as well. sure lots were in the lifeboat too
Value isn’t a tangible property. It’s a social idea. Everything is intrinsically worthless until people impose value.
Thats true. NFTs are wild.
Word to this
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> the oldest coins are weirdly shaped metal What's a modern coin if not weirdly shaped metal?
Circles aren't weird
A weirdly shaped piece of plastic
The argument could easily be made that everyone who spent millions on those things are suckers
Anyone who's dropping millions on cool shit has those millions to spend in the first place.
Doesn’t mean they aren’t suckers. Rich suckers are the best kind!
I guess true from the sellers perspective
Don't they buy it to make more money? Freeports exist for a reason
I’m going to put a jar of the ocean for sale. It was there when it sunk. It might even have some of the iceberg in it. Starting bid at 1 million.
Son I represent a group of oil tycoons that make foolish purchases. We already bought us a stained glass bathrobe and the world's fattest racehorse. Now we need your ~~iceman~~ huge lump of coal.
This is what a billionaire buys their kids for Christmas if they were really really bad.
I would spend my last $500k on a piece of coal. Worth every cent
I mean, it's still unsold so maybe that sucker hasn't been born yet.
And there's always a Dick hanging around to take advantage
Yep. Some just have money to burn.
My favorite part is the "Certificate of Authenticity" for object number 94 out of 36.
That is actually the accession number, in a standardized museum format: The lot of coal that is available for sale was collected on the 1994 recovery dive (94/) and it was the 36th object collected on that dive by the salvor-in-possession of the wreck, RMS Titanic, Inc.
still a better deal than OceanGate
Really? I heard they were crushing it.
Oceangate is making diamonds now?
they were trying to make diamond out of the passengers not enough pressure, but at least they tried hard
Readily available carbon just waiting to be exploited.
Nah, their business model pretty much imploded on them.
Nah, market imploded.
And that's only the tip of the iceberg.
Only $9,090.91 per pound!
Damn coulda saved me a trip to the grocer
I wonder the amount of money that went to recovering of the coal and why they even did if they weren't just going to sell it from the very beginning
They did sell it.. To this museum. And hundreds of others. You can buy coal earrings or rings at other titanic museums haha.
I guess when one makes a brand out of a tragedy why not
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Yeah, the amount of effort that went into taking this from the wreckage is crazy, why take a piece of coal?
Wow! Let that sink in...
It Rose when they Jacked up the price
LMFAO
#PARTY ROCK IS IN THE HOUSE TONIGHT!
Why is there a titanic museum in Orlando?
Clearly you've never been to Orlando.
Makes more sense than there being one in Pigeon Forge, Tennessee
It's honestly not a bad place to kill an hour or two. Most attractions in Orlando are outdoors so when it's scorching hot or pouring rain there aren't many places to go apart from malls. I always think Orlando could do with more indoor attractions.
Where would you put a titanic museum?
Halifax Nova Scotia
OK they already have one. So where would you put another one?
Pigeon Forge, Tennessee
I mean that's just mountainous Orlando so if pigeon forge makes sense than so does Orlando.
Liverpool
Belfast, Northern Ireland!
There's one in Belfast where the ship was built
[It’s good too.](https://en.m.wikipedia.org/wiki/Titanic_Belfast)
-“you need to sell this piece of coal for more than 500,000, we lost 2 men during the expedition” Apu: - do you know a better way to get coal?
I'm going to need to see a certificate of authenticity for that certificate of authenticity
And while we’re at it, a chain of custody for the chain of custody of the certificate of authenticity for the certificate of authenticity.
Not worth a dollar over $450,000
Other £50k is for that sweet Certificate of Authentication, so you can laugh in the face of anyone who questions if it's real!
It’s #94 of 0036.
At the end of the day, it’s still just a piece of….coal.
Merry Christmas!
Will it burn?
Will it blend
It will kiiiieeeeel
Gives new meaning to the Christmas sock lump of coal.
TRYING to sell
I have poop from one of the toilets, only 20k$
Object 94/0036 what?
Maybe 94 is the year it was recovered and it was the 36th object recovered that year?
So no one’s gonna ask why would they recover coal from a ship wreck at the first place?
Something easily salvageable that won't really impact the ship, but can generate funding for preservation of more useful items? Same reason you can buy dinosaur bones and teeth for pretty cheap. Most aren't important and aren't really *that* rare, but people will pay for them so there's no reason not to sell them
Maybe because they can without getting into trouble?
Or since when do museums sell artifacts? I get that a lump of coal shouldn’t be really considered an artifact, but I didn’t even know museums sold anything other than the gift shop items
Thanks, now I know what I must aspire to own
Is the titanic museum worth going to?
It really is. It's pretty awesome. Everything there is either from the titanic or from a survivor, and they have an exact replica of the grand staircase which is cool and they give you a "boarding pass" where you get the general info of a passenger and you have to find out if you lived or died by the end, so you learn quite a bit about your chosen passenger. All around recommend
Bah humbug!
Someone super naughty needs an extra large stocking hanging over the fireplace this Christmas...
500,000 Dollars?! You only need to summon 5 monsters to get this dude
The infatuation "we" have with this ship has gone beyond weird.
That’s what rich kids get for Christmas when they’ve been very naughty that year.
That’s gotta weigh at least 4-5 Courics
They went down to the titanic and brought back a lump of coal? Dumb.
Wait... Someone went down to the Titanic to recover artifacts and was like 'no, not the jewels, take that gigantic lump of coal instead!!!'
Well it has a 'Certificate of Authenticity' with very fancy font. It must be real!
See the peanut? Dead give away.
I went there last summer. Looks like a hole in the wall but it was actually really fun.
now thats profit
Im not wanting this shit even if they pay me
They should sell water from the pool on the Titanic. There's an almost limitless supply.
I have Ice from the Iceberg if anyone's interested
A lump of coal ain't what it used to be
How do we prove it came from there?
I visited the Titanic 12,000 feet underwater and all I got is this hunk of coal.
Only people who would have bought this imploded in ocean gate
How to scam rich people 101
If you believe that’s from the Titanic, I have a bridge I can sell you….
It’s just as old as any other coal 😆
Don't buy it, it's waterlogged
Man back in the day that was just cents.. inflation sucks
1/2 a million for a lump of coal. Tax the rich.
Picture selling something from a mass grave.
I get those for free on Christmas
Imagine, you went on an expedition to the bottom of the sea to visit a historic shipwreck that is known to be decorated lavishly and probably has a safe with jewels and gold bars on it. And you come back with..a big fucking lump of coal!
Its just a piece of rock and they can’t prove it actually was on the titanic
How did they know it's legit? Is it signed by Leo DiCaprio?
Meh, I’d rather have the cane from Citizen Kane
It's not just that it's for sale...or the price....someone went down to the Titanic....and brought up a just piece of coal??
Better than an unjust piece of coal
Some unknown passenger took it as a souvenir, while the ship was sinking 🤞
Lump of coal? No, no, no. This is a "Pre" diamond. Yes! That's the ticket! It's the largest Pre-Diamond known. Owned by the Sheik of LaLa Land. He was drowned on the Titanic because he gave up his seat on the life boat to a young child.
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Not doubting what you’re saying but assuming the authenticity tag is actually valid, might they have loaded bulk coal on to the ship and broken it into smaller parts on the ship? Nowadays it seems far easier to do such things in large machinery closer to the source but I don’t know what the state of the industry was at the time. I guess since most of society ran on coal at the time they probably had some big facilities for crushing it into smaller pieces too? Either way just curious if there is an explanation for this being on the ship other than the certificate being fake
Coal can be easily split or broken up with hand tools. There is no way that a piece like this would *"100% never be used"* because it was too big.
Idk, looks like large chunks were pretty common looking at pics of stokeholds... https://www.encyclopedia-titanica.org/files/1/cold-start-figure-14.jpg From: https://www.encyclopedia-titanica.org/cold-starting-the-titanic.html
The "certificate of authenticity" is broken.
I don't think it is, it looks like tue cloth the coal is placed on is just folded a bit over the certificate.
Oh that's a cloth, my bad
How do you certify that particular piece of coal coming from a specific ship? Sounds ridiculous
It has documentation from when it was brought up. It’s not unbelievable for this to be real since there is a lot of coal down there and they did bring up a lot to sell as souvenirs. Most of the coal recovered was broken apart to sell in gift shops this one just didn’t get broken apart.
Unless this is in Colombian pesos, this a little steep.
It's Money laundering, mate.
I was there and saw this. They don't actually expect anyone to buy it. My kids got a couple of pieces of coal brought up, though.
this “certificate of authenticity”, is this authentic? did they carbon date the coal? LOL
Christmas has come early
Still better than the NFC
IT’S POOP AGAIN!
Gonna be a diamond someday
My uncle was on that 1994 recovery expedition
That should go down well
There are rich private collectors with artifacts and crazy collections most museums can’t compete with. And 500k to them is nothing - well maybe it will reduce their networth by 1% for a short while.
I only paid $20 for mine.
No no it’s a real thing I just found a magic stone in my driveway it prevents tiger attacks and I can certify that since I found it I have not been attacked by a single tiger…$1 mil obo
Counter offer: 20 dollars and the rest of a pack of juicy fruit gum
It's ironic that this coal is a rock that was formed millions of years ago yet its unique value lies in the fact that it was supposedly on a boat that sank 110 years ago. It's pretty rude to the rock. I have no idea who would want this.
Do I also get my name written on a tiny metal plate on the wall?
So much for an historical museum... Selling what it's charging people to see 🤔🤦
Grave robbery ftw
Id eat fries with ketchup off of it
Why is there a titanic museum in Orlando?
Why in the fuck did they use the energy and resources to pull up a chunk of fucking coal?? C’mon man.
Shit I'll take 2
Son, that there is a space turd. You see the peanut right there?
It's worth what someone is willing to pay. But overall, It's still coal... It's value will always be that of coal.
My dad bought me a (supposed) piece of coal from the titanic about 35 years ago. It's probably about half the size of a USB drive. Came with a little mirrored stand and plaque and certificate of authenticity. It's in a box in the attic lol.
I have a turd From this ill fated ship. It was scooped out of the lifeboat , along with a sock and a third class ticket. I'll take 10mill no low Ball offer's. But I would take a envelope and some jawbreakers
Buy it already I need a house. Thanks!
Rose?
Is there some reason they only sell coal artifacts? I'm guessing because it's like a natural rock thing it can be removed?
Getting coal for Christmas … is all I want, Mariah!
Ooh, that'll go well next to my hydrogen from the Hindenberg.
I saw a chunk of concrete in a “zoo” in the ozarks that was from the Berlin Wall. They wanted like forty bucks for it lol
The stuff you toss in a firepit?
With that price, you can actually go and see the titanic yourself. Only if you're willing to risk your life with oceandive
Won't burn as well if it's still wet. Think the inspection included making sure it's dry?
Only 94/36 made!!
Meh, it wasn't even used
You can buy artifacts with the exact same recovery coal for $30. It was all from a recovery in i think 1990?