Seven Million Ounces of Silver on Wreck of 'Gairsoppa'

[GordMay]

A shipwreck (SS “Gairsoppa”) containing 200 tonnes of silver worth about £150m (± $237m USD) has been found in the Atlantic - the largest haul of precious metal ever discovered at sea.
More ➥ BBC News - Shipwreck of SS Gairsoppa reveals £150m silver haul

[Tellie]

I love these stories. Brings out that young adventurer buried deep inside. Curious though what would any of us do if in the unlikely situation of diving our anchor we dug up a bar of gold from a old wreck. Would you tell anyone or would you keep it a secret and melt it down?

[minaret]

What a score! I think the British Govt. should use their 20% to help memorialize those who were lost...

[Jim Cate]

Originally Posted by minaret

What a score! I think the British Govt. should use their 20% to help memorialize those who were lost...

With the fiscal situation in Britain this seems unlikely to me

Jim

[cat man do]

worth about £150m (± $237m USD)

Worth less and less by the hour



7 million ounces now worth £126,485,000 or $196,000,000 usd

[vintageray]

Originally Posted by cat man do

Worth less and less by the hour



7 million ounces now worth £126,485,000 or $196,000,000 usd

Kudos, great post.

[Morrissey]

That's in quite deep water (4700m), full salvage could be a challenge.

At least they have sorted out their share for this one. Their 'Black Swan' salvage was of greater value, but on landing it in the USA they have been bogged down in court ever since and haven't been able to get any benefit out of it at all.
Black Swan - Project Overview

[w1651]

At least Odysee is going to keep most of their findings. That Spanish wreck off Gebralter was a gold mine until the world Courts ruling killed those explorers.
Do you think maybe Odysee learned and found the wreck then told the British Gov they wouldn't say where it was unless they made money off the wreck ?

[Astrid]

What a score! I think the British Govt. should use their 20% to help memorialize those who were lost...

Already done. The eleven Englishmen lost are on panel 51 of the Tower Hill Memorial, while the seventy Lascar seamen are commemorated on the Chitagon War Memorial.

[vintageray]

Originally Posted by w1651

At least Odysee is going to keep most of their findings. That Spanish wreck off Gebralter was a gold mine until the world Courts ruling killed those explorers.
Do you think maybe Odysee learned and found the wreck then told the British Gov they wouldn't say where it was unless they made money off the wreck ?

Gee, if they did that it's a good thing for them that the British Gov didn't think to look at sat. photos to see where they'd been working.

[Marksman]

Originally Posted by Tellie

I love these stories. Brings out that young adventurer buried deep inside. Curious though what would any of us do if in the unlikely situation of diving our anchor we dug up a bar of gold from a old wreck. Would you tell anyone or would you keep it a secret and melt it down?

Well Tellie, here in Washington several years ago, they past a law claiming all ship wrecks as state property, and the discoverer may get a finders fee. This was shortly after a treasure hunter (who's name escapes me just now) found a ship in Puget sound carrying a few million in gold ore. They salveged the cargo and after battleing everyone and thier brother for the rights in court, came away with a reasonable amount. If I were to find gold bars anywhere I would go directly to the black market rather than the thieves in Olympia. If it had historical suggnificance I would approach a museum first and let them deal with the state.

[Therapy]

Originally Posted by Tellie

I love these stories. Brings out that young adventurer buried deep inside. Curious though what would any of us do if in the unlikely situation of diving our anchor we dug up a bar of gold from a old wreck. Would you tell anyone or would you keep it a secret and melt it down?

Tellie,

Start a new thread.

Mine is all buried and hidden well.