WWII-Era Shipwreck Discovered Carrying Over $200 Million in Silver

Odyssey Marine Exploration Inc. confirmed Monday the identity and location of The SS Gairsoppa, a WWII-era British cargo ship allegedly carrying 7 million ounces of silver, which, based on the current price of silver, is worth $210 million.

The ship, torpedoed by a German U-boat in February 1941, is sitting nearly 5,419 feet below the surface of the North Atlantic off the coast of Ireland.

Russia Today adds:

The 412-footship was operating for the United Kingdom Ministry of War Transport. Records say it was carrying silver valued in 1941 at approximately 600,000 British pounds. Based on Friday's closing price of $30.10 per ounce, the trove would be worth more than $210 million today. Odyssey Marine said it would be "the largest known precious metal cargo ever recovered from the sea."