€27m in silver recovered from WWII shipwreck off Galway’s coast

Katunga

http://www.thejournal.ie/silver-bars-irish-seabed-1006159-Jul2013/?utm_source=facebook_short#slide-slideshow5

SETTING A NEW record for the deepest and largest metal recovery from a shipwreck, treasure hunters aboard the Odyssey Marine Exploration have brought 61 tons of silver bullion to the surface.
Delving three miles below the surface off the Galway coast the silver bullion was taken from the SS Gairsoppa, a 412-foot steel-hulled British cargo ship. It sank in February 1941 after it was hit with a torpedo from a Nazi U-boat.
The recovery consists of 1,574 silver ingots weighing about 1,100 ounces each or almost 1.8 million troy ounces in total.
Including the silver recovered in 2012, Odyssey has now recovered 2,792 silver ingots from SS Gairsoppa, more than 99 per cent of the insured silver reported to be aboard.
Odyssey will get to keep 80 per cent of the salvaged silver under its contract with the UK Department for Transport.
“This was an extremely complex recovery,” said Greg Stemm, Odyssey’s chief executive officer. “To add to the complications, the remaining insured silver was stored in a small compartment that was very difficult to access.

What would you do if ya found a ingot of Gold or silver?

godtabh

if its off the galway cost why are the UK Department of Transport involved?

gallag

Katunga wrote: »

http://www.thejournal.ie/silver-bars-irish-seabed-1006159-Jul2013/?utm_source=facebook_short#slide-slideshow5


What would you do if ya found a ingot of Gold or silver?

AH answer, Coke and hookers!

Frank Black

Katunga wrote: »

http://www.thejournal.ie/silver-bars-irish-seabed-1006159-Jul2013/?utm_source=facebook_short#slide-slideshow5


What would you do if ya found a ingot of Gold or silver?

Look up the word 'ingot' on my phone.

Karl Stein

Katunga wrote: »

What would you do if ya found a ingot of Gold or silver?

Straight to the bookies.

Sir Humphrey Appleby

godtabh wrote: »

if its off the galway cost why are the UK Department of Transport involved?

I presume because it was the UK's silver and it was on a UK registered vessel, sunk in International waters.

gallag

godtabh wrote: »

if its off the galway cost why are the UK Department of Transport involved?

Caus that be our silver bitches!! Come at me bro.

Davidth88

godtabh wrote: »

if its off the galway cost why are the UK Department of Transport involved?

Ohhhh because they are stealing the silver under the noses of the Irish Gvmt....


Actually this is about 350 miles SW of Ireland in international waters.

The silver belonged to the UK Gvmt , and was being shipped from India during the war I imagine to pay the US for arms etc.

Now the articles I read mentioned Lloyds etc , I was surprised to see that most of this was insured , I assume insured by the UK gmvt in some way, so it still belongs to them , that's why they are involved

General General

Old and grey wrote: »

I presume because it was the UK's silver and it was on a UK registered vessel, sunk in International waters.

So, "off the coast of Galway" in the news report had essentially the same meaning as "New York is off the coast of Galway"?

Sir Humphrey Appleby

General General wrote: »

So, "off the coast of Galway" in the news report had essentially the same meaning as "New York is off the coast of Galway"?

Yup, thats about it.