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48 Tons of Silver Recovered From World War II Shipwreck
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48 Tons of Silver Recovered From World War II ShipwreckPosted:

kman1322
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This image taken July 5, 2012 provided by Odyssey Marine, Inc. shows the discovery of silver on the SS Gairsoppa. Forty-eight tons of silver bullion has been recovered from the SS Gairsoppa and returned to the British Government the company announced Wednesday July 18, 2012. The record-breaking operation has so far produced the heaviest and deepest recovery of precious metals from a shipwreck.

An American company has made what is being called the heaviest and deepest recovery of precious metals from a shipwreck.

The Tampa, Fla.-based Odyssey Marine Exploration, Inc. announced Wednesday that it had recovered 48 tons of silver bullion from the SS Gairsoppa, a sunken British cargo ship in three miles of water off the coast of Ireland. Between the Gairsoppa, torpedoed by a German U-boat during World War II, and the SS Mantola, sunk by a German submarine during World War I, Odyssey said in a press release that about 240 tons of silver may be recovered by the end of the operation.

The recovery is being made under a contract awarded by the U.K. government, which will keep 20 percent of the cargo's value, estimated to be in the tens of millions of dollars. The Gairsoppa became U.K. property after the government paid the owners of the ship an insurance sum of 325,000 in 1941. Records indicate the silver was valued at 600,000 in 1941.

The initial recovery of 48 tons consists of 1,203 silver bars and has been transported to a secure facility in the United Kingdom, according to the company.

"With the shipwreck lying approximately three miles below the surface of the North Atlantic, this was a complex operation," Odyssey CEO Greg Stemm said in Odyssey's release.

Odyssey contracted JBR Recovery Ltd., a European silver recovery and precious metal processing company, to assist in refining and monetizing the recovered silver.

The Gairsoppa and Mantola shipwrecks were discovered in 2011, and Odyssey conducted reconnaissance dives at both sites in March and April 2012. Recovery operations began in late May.

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#2. Posted:
BBOYRICAN25
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Wow, thats 37 million dollars valued today..... He gonna have to pay 20 percent to the UK government, but still a lot of money
#3. Posted:
Famous
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Wow, lucky guy. I wish I found that.
#4. Posted:
Muh
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Wow that's a ton of silver and a ton of money
#5. Posted:
IRB
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since this was foundoff the coast of ireland shouldnt we get 20 percent?
#6. Posted:
AllahAkba
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xZiirus wrote since this was foundoff the coast of ireland shouldnt we get 20 percent?


No because it's a British Ship you Dumba*ss :facepalm: :facepalm: :facepalm:
#7. Posted:
Commando_84
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wow lucky who ever found it
#8. Posted:
IRB
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AllahAkba wrote
xZiirus wrote since this was foundoff the coast of ireland shouldnt we get 20 percent?


No because it's a British Ship you Dumba*ss :facepalm: :facepalm: :facepalm:
of the coast of ireland ;)
#9. Posted:
kman1322
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xZiirus wrote
AllahAkba wrote
xZiirus wrote since this was foundoff the coast of ireland shouldnt we get 20 percent?


No because it's a British Ship you Dumba*ss :facepalm: :facepalm: :facepalm:
of the coast of ireland ;)

if it was found more than 2 miles off the coast its international waters so nott under any ones law
#10. Posted:
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Wow that is a lot of silver, glad they finally found it only took them 71 years -__-
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