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$200 Million Worth of Treasure Expected to be Salvaged from Recently Found Shipwreck

Florida's Odyssey Marine Exploration recently announced that they have discovered the wreck of the SS Gairsoppa, a British steam merchant ship that was sunk by U-Boats off the coast of Ireland in 1941. At the time she went down, she was carrying 7,000,000 ounces of silver bullion—worth about $200 million today. According to British law, the American company is entitled to 80% of the treasure, as long as they can bring it succesfully up to the surface.

More to come on this (and if you know anyone at Odyssey Marine Exploration, send 'em my way please).

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