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| | Treasure is money or some valuable items either buried in the earth or hidden by some different method whose owner is not known and cannot be found, or has lost the rights to them.
Under British laws, found treasure belongs to the state; the person who finds the treasure has to inform the state bodies about it within 14 days, and if one fails to do so, this attracts criminal proceedings against them. The state may pay monetary compensation, established by independent experts (usually, equally to the treasure hunter and to the owner of the land), or return the treasure to the treasure hunter.
In the USA there are different legislations relating to found treasure in different states. In most of the states, the treasure found on private land usually belongs to the person who finds it; in other states (for example, in Idaho and Tennessee), the treasure always belongs to the owner of the land; and in Louisiana, the treasure is shared equally among the treasure hunter and the land owner. The treasure which is more than a hundred years old, if found on federal land is considered to have archaeological importance and thus belongs to the federal authorities.
Legendary piracy treasures
The treasure of Captain Du Vall on the Persian Cliff. The presence of the treasure is not confirmed nor denied completely.
The silver of Francis Drake on Angel Island. The presence of the treasure is not confirmed and not disclaimed totally.
Probably, the piratical treasure on Oak Island may have already been found, partially or completely. Studies are still underway.
Henry Morgan's treasure on the Cocos Island. It is considered as legendary.
Olivier Levasseur’s treasure in the Seychelles. Studies are still being conducted.
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