Russia's hard man pulled on awetsuit Wednesday and went scuba diving at an ancient Greek Black Sea site in the latest populist stunt preceding next year's elections.
State news reports said he descended just two metres (6.6 feet) and "luckily" discovered two sixth century urns in full presence of the media, because the water was so clear.
Television footage showed two moss-covered vases with ear-like handles sitting neatly next to each other on top of the sandy bottom as Putin swam into view.
"Treasure!" a dripping wet Putin told reporters with a big grin. "They drank it all already," he added when asked if there was anything left in the jars.
Putin -- a novice only attempting his third scuba dive -- "came across" the objects during an expedition on the southern Russian coast near Ukraine.
"The head of the expedition said they are from the sixth century AD," Putin said with a diving mask imprint still clear on his face. This would date them to the time of the early Byzantine era.
"When the ships were being loaded at the port, the jars would often break and then they would get tossed overboard," Russia's de facto leader explained.
Footage showed Putin accompanied on the diving raft by Russia's emergencies ministerand the powerful metals tycoon .
The Basic Element company chief reportedly told Putin that he forgot his diving suit and refused to go into the water.
"What, you ran out of money?" the LifeNews.ru website quoted Putin as asking the Russian oligarch.
The high-publicity event took Putin to the Krasnodar region's Taman Peninsula -- home to the Phanagoria colony founded by the Greeks some 2,500 years ago and invaded by the ancient Rus in the 10th century.
Former Soviet intelligence officer Putin rose to the presidency in 2000 on the back of a carefully-cultivated image that mixed nationalist rhetoric with an action man image that set him apart from other Russian leaders.
He has flown a fighter jet into Chechnya and descended to the bottom of Lake Baikal in a special deep-sea vessel. Russian media have published photos of Putin wearing his judo black belt and stripped to his waist on a hunting trip.
One of his more daring escapades one year ago saw him chase whales off Russia's Pacific coast with a crossbow in hand.
"Living in general is dangerous," his office later quoted Putin as telling a reporter at the scene. He later piloted a Formula One car on a circuit near his native city of Saint Petersburg.
Putin's adventures at times contrast with the apparently more sedate lifestyle of President Dmitry Medvedev -- a lawyer by training who has yet to commit himself to a second term amid speculation Putin himself may run.
The Russian president has also encountered the occasional media mishap.
Medvedev this summer nearly ran his SUV vehicle into a cheering crowd of supporters after forgetting to put the gear lever into park and has also become the hit of a viral video in which he was shown dancing at a friend's party.
Putin and Medvedev have vowed not to run against each other and decide which of them will stand for the presidency soon.