On February 16, 1941 the S.S. Gairsoppa was bound from India to Britain, when she was torpedoed by a German submarine and sank 300 miles southwest of Galway Bay. In addition to pig iron and tea, she carried silver bullion currently valued at $260 million. This week, Odyssey Marine Exploration , Inc. has been awarded a contract by the British government to locate the ship and to salvage the cargo. If successful Odyssey will be allowed to keep about 80 percent of the silver bullion.
Odyssey Hunts Nazi-Torpedoed Ship’s $260 Million of Silver
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