1.4 Million ounces of silver recovered from shipwreck.

Discussion in 'Silver' started by Lord Dragon, Jul 19, 2012.

  1. Lord Dragon

    Lord Dragon Member

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  2. thatguy

    thatguy Active Member

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    Well I went on this fishing expedition... decided to take my stack... run into a little bit of trouble and BANG front page of the news. Oh the shame :(
     
  3. SilverBull

    SilverBull Member

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    I wouldn't imagine there would be a great deal of profit left for the Odyssey with their 80% share after their expenses. The value of the loot only equates to $40.5million USD, I can't even imagine the running costs of the ship and equipment involved to recover treasure from 3km below sea level.
     
  4. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    Can anyone see who made the bars they're finding? The figures quoted on the company's website suggests they're 1000oz bars, but there isn't any mention of the manufacturer(s).
     
  5. bron suchecki

    bron suchecki Active Member Silver Stacker

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    They should sell it to Sprott, he need some silver.
     
  6. mistered

    mistered Member

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    So let me get this straight...

    1. Britain puts 48 tons of silver on an unarmed 20yo steam merchant ship
    2. She joins a convoy sailing at 8 knots through the German wolfpacks at height of the Battle of the Atlantic
    3. Gairsoppa splits off from the convoy and sets course for Galway harbour to refuel by herself :eek:

    <face palm>
     
  7. Newtosilver

    Newtosilver Well-Known Member Silver Stacker

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    I'll ake the lot :)
     
  8. perthsilver

    perthsilver Member Silver Stacker

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    There limited mintage. 1203 bars. That may bring a numismatic premium. :D
     
  9. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    I wonder if NGC would slab them under their "Genuine Shipwrecks" label? :p
     

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