Shipwreck Yields 61 Tons of Silver
Odyssey Marine Exploration pulls up more treasure from SS Gairsoppa
By Evann Gastaldo, Newser Staff
Posted Jul 23, 2013 8:54 AM CDT
Updated Jul 27, 2013 7:00 PM CDT
In this July 2013 photo released by Odyssey Marine Exploration, Inc., Odyssey senior project managers inspect the first silver bar recovered in 2013 from the SS Gairsoppa site, near Ireland.   (AP Photo/Odyssey Marine Exploration, Inc.)

(Newser) Odyssey Marine Exploration has uncovered the biggest load of treasure ever recovered from a shipwreck: 61 tons of silver bullion. The haul was pulled up this month from the SS Gairsoppa, a British cargo ship that sank off the coast of Ireland in 1941 after being torpedoed by a German U-boat. Not only is it the biggest recovery in history, it's also the deepest, coming from a depth of almost three miles, the Tampa Tribune reports. If you can't picture what 61 tons of silver looks like, Bloomberg reports that it's 1,574 silver bars.

The Gairsoppa had already yielded almost 48 tons of silver last year, so it has now given up 99% of the insured silver it was reported to be carrying when it sank. Odyssey was hoping to find uninsured silver as well, but did not. Odyssey, a Tampa-based company, won the bidding war to recover the treasure and will retain 80% of the haul. The British government gets the rest. But this haul isn't worth quite as much as last year's, since silver prices have gone down recently. It's currently worth about $35 million, $3 million less than what Odyssey got last year for the smaller haul, Reuters reports.

View 2 more images
More From Newser
My Take on This Story
To report an error on this story,
notify our editors.
Shipwreck Yields 61 Tons of Silver Worth $35M is...
3%
64%
3%
27%
1%
3%
Show results without voting
You Might Like
Comments
Showing 3 of 13 comments
Johnny_ReduxII
Jul 29, 2013 7:05 AM CDT
Now that is good adventure. What an exciting way to make a living, especially with such a great find. Everyone wins.
1492
Jul 28, 2013 7:36 PM CDT
Where did this Silver Originate....anybody know? I have been to the mine just an hour out of Acapulco, Mexico...the town of Tazco (taxco) where the Spaniards loaded their ships from. While on the way up the mountain on this extreme road curves and height, people from the UK and US were on the bus. The Italians were throwing up....I almost did myself. Up on top is a wonderful city. Many silver shops, fruits and great food. 16 tons of silver...wow. 1492
BCS
Jul 28, 2013 12:52 PM CDT
Silver is way to low right now. I would hold it. Sell at $31, no less than $26.... $19 is BS. That's coming up. It's been as high as $50 recently.