A total of $37 million in silver, which amounts to 61 tons or 23 million pounds, has been discovered from the wreck of the World War II British cargo ship, SS Gairsoppa. The ship was sunk February 17, 1941 by a German U-boat.
According to isciences.com the boat has been 15,420 feet under the sea for seven decades. Odyssey Marine Exploration, a salvage firm has found some of the most precious metals ever from a sunken shipwreck.
So far a total of 1,200 bars of silver have been salvaged from the wreck. The bars weigh 1.8 million troy ounces, the equivalent of 61 tons. The silver is valued at $37 million.
Odyssey Marine Exploration company, an American firm, became famous when a United States judge in 2008 ruled Odyssey had to return £300 million in silver and gold coins to Spain.
The dailymail.co reported the company is under contract to the British government. It will keep 80 per cent of whatever is recovered after expenses. The rest of the money will go into the British Treasury.
Only one of the 84 members on board the ship survived when it crashed.
According to allvoices.com, the ship was a 412-feet steamship. It sank in icy waters 300 miles southwest of Ireland. The SS Gairsoppa was returning from Calcutta, India at the time.