61 Tons of Silver Found From WWII Wreckage

Odyssey Marine Exploration Inc. (OMEX), a deep-sea salvage company, said it retrieved more than 61 tons of silver bullion this month from a World War II shipwreck nearly three miles (4.8 kilometers) below the surface of the Atlantic Ocean.

Odyssey recovered 1,574 silver ingots weighing a total of about 1.8 million ounces from the SS Gairsoppa, the Tampa, Florida-based company said in a statement today. The 412-foot (126-meter) British cargo ship was torpedoed by a German U-boat in February 1941, Odyssey said on its website.

The metal was worth about $630,000 when the Gairsoppa was sunk and about $36 million at today’s prices. Odyssey has recovered a total of 2,792 ingots from the wreck, about 99 percent of the insured silver reported to be aboard when the vessel sank.

Bloomberg

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