\"

Odyssey Marine Exploration, a company specializing in shipwreck exploration, has salvaged approximately $38 million worth of silver from a British cargo ship that sank below the North Atlantic Ocean in February 1941. Photo by: Odyssey Marine Exploration

US treasure hunters $35 million in silver in ship sunk by Nazis off Ireland (VIDEO)

\"

Odyssey Marine Exploration, a company specializing in shipwreck exploration, has salvaged approximately $38 million worth of silver from a British cargo ship that sank below the North Atlantic Ocean in February 1941. Photo by: Odyssey Marine Exploration

U.S. deep-sea treasure hunting company Odyssey Marine Exploration has recovered 61 tons of silver bullion this month, a total of 1,574 bars, off of the western coast of Ireland. The recovery was made from SS Gairsoppa, a 412-ft steel-hulled British cargo ship sunk by a Nazi U-boat in February 1941.
 
In total, Odyssey Marine has taken 2,792 bars from the ship, over 99% of the Gairsoppa’s total estimated haul. This latest haul is valued at around $35 million (€27m) and is the remainder of the bars that sank with the ship after the explorers recovered 1,218 bars last year for a value of around $38m (€29m) when silver was priced higher.
 
This is a world-record recovery for the size of the haul and the depth at which it was recovered -3 miles below the ocean.
 
The haul was taken ashore in Bristol, where it was moved to a secure location within the UK. Odyssey Marine was given a salvage contract by the UK Department for Transport and will retain 80% of the net value of the cargo, around $58m.
 
Following this haul, Odyssey Marine moves on to the SS Mantola, a 450-ft British ship lost in 1917 and discovered by the company in 2011 that reportedly carried around 20 tons of silver.

The very first silver ingot taken from Gairsoppa will be on display at Odyssey's SHIPWRECK! exhibit located at Discovery Times Square in New York City.

The Today show did a segment on the discovery, the video for which can be seen here:

Visit NBCNews.com for breaking news, world news, and news about the economy

COMMENTS

Log in with your social accounts:

Or, log in with your IrishCentral account:

Forgot your password ?

Don't have an account yet? Register now !

Join IrishCentral with your social accounts:


Already have an account ?

For Newsletter Subscribers – Draw for 1 Prize on December 31st.

Prize: Your Piece of Ireland – a Square of Land in the heart of the Glens of Antrim, Ireland

More details here (or you can buy a little piece of Ireland directly): http://bit.ly/1zew9ox

Terms & Conditions

Or, sign up for an IrishCentral account below:

By clicking above you are indicating that you have read & agree to our Terms and Privacy Policy.


Make sure we gathered the correct information from you

By clicking above you are indicating that you have read & agree to our Terms and Privacy Policy.


You already have an account on IrishCentral! Please confirm you're the owner.


Our new policy requires our users to save a first and last name. Please update your account: