Wednesday, July 24, 2013

Silver from the sea, a lot of it

I was just intrigued by this report of the deepest-ever wreck salvage operation that literally recovered tons of silver ingots from a torpedoed (World War II) British cargo ship.  I'd like to know more about how they found it. 


And - what do you do with this silver to make it monetarily valuable?  It's estimated to be worth $36 million dollars, but who do you sell it to, or is it just a museum exhibit?  And if you can't sell it, how do you make a profit on this? 


Presumably they'll sell the silver to someone who can use it for coinage or wares like candelabra or teapots or flatware, or something else.  But do you label them as "Made from Recovered Shipwreck Silver" so that they command a higher price? 

I Just Don't Know.

But as usual, the National Geographic has the best pictures of the wreck.   And they answered my question about how they found it - they used side-scan sonar.  The NatGeo article also said that the company found another ship with silver on it, but not as much as the one they're salvaging now.

Side scan sonar image of the wreck (the ship was the S.S. Gairsoppa):




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