Relic from the wreck of the Edmund Fitzgerald is returned, plus $600,000 from Michigan

An orange life ring with "Edmund Fitzgerald" painted on in faded paint propped against a modern, minimalist railing of what appears to be a back yard balcony overlooking a grass yard. A weathered piece of wood is positioned through the ring.

The state of Michigan is giving up ownership of a rare relic from the famous Edmund Fitzgerald shipwreck, just weeks after it strangely obtained it through a settlement in a lawsuit that was completely unrelated to the doomed freighter.

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