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2 hours of sleep? [2] He began running dive operations to local shipwreck sites, such as the Mistletoe, Black Warrior, USS Turner (DD-648), Oregon, and U-853, among others. In 2012, a team of expeditionary archeologists from Texas uncovered what they believe are the remnants of Morgans flagship, Satisfaction, which he lost in 1670 during a historic battle at Fort San Lorenzo. EIN Presswire's priority is source transparency. No one has opened them, for some reason. The salvage team reportedly found 17 tons of coins valued at $500 million; an amount that is both staggering and said to be "unprecedented" in the treasure hunting world. Captain Martin Bayerle, who re-discovered the sunken cruise ship in 1981 roughly 270 feet below the surface and approximately 50 miles south of Nantucket Island, says the ship was hauling more than just people. Most Valuable Treasure Recovered from Shipwrecks - Thrillist The US Government litigated with Bayerles company for over a decade in the courts claiming that it owned all the gold aboard. This is it, this is the big one., Embargoed until 00:00 hrs GMT August 12, 2021, Martin Bayerle Click here to sign up for our daily email. Today, that would be equivalent to roughly $300,000,000. However, after being sunk in a collision with the S.S. Florida in 1909 while en route to ports in the Mediterranean, several rumors have surfaced regarding the ships cargo. Reality-TV Martin Bayerle, who has lost everything in his past expeditions of the sunken RMS Republic, reignites his passion to find buried treasure on board the ship, alongside his previously estranged son. A $2.4 million gold bar shipment is also consistent with an early rumor, that the Republic was a "$2,000,000 bullion wreck." See The Rumor, infra.. 3. The ship left its convoy to refuel in Ireland when it was spotted by Nazis and sunk, sending 85 servicemen and an estimated $300 million in silver bullion to the bottom of the sea. For a bet of $1,000,000+ you can don an underwater Iron-Man style Exosuit or ride in our five-passenger submarine and venture down to the shipwreck yourself to explore and hopefully pluck some gold coins. Recent scans obtained by diver and maritime explorer Ben Roberts of Eastern Search and Survey support that contention. While he has had a rollercoaster ride of a life, the most recent events have been on the upswing. Following the salvage attempt, the 1987 joint venture disbanded and any artifacts brought up were sold at auction. While the early successes are encouraging, the Odyssey team still has months of work ahead on the wreck site. July 3, 2018 NOAA researchers came upon this shipwreck 150 miles off North Carolinas coast, thousands of feet deep. However, Republic didnt make it. How Much Treasure is Down There? The treasure was found in the wreck of the S.S. Republic, which sank during a hurricane off the coast of Georgia in 1865. The ship was en route to New Orleans with a cargo of coins and other supplies destined to aid post Civil War Reconstruction. The failure left Martin broke, embroiled in lawsuits, estranged from his wife and, eventually, landed him in prison. [2] During the summer of 1987, Martin went out to perform a major salvage on the Republic to try to recover the gold, an event that generated international media attention. The America served her owners faithfully for 55 years until she was finally run aground in the Canary Islands in 1994. Facebook The excavation is ongoing, but the findings so far have been valued at over $450 million. More than 900 silver Seated Liberty Half Dollars have also been recovered thus far. Bayerle subsequently started an archival research company specializing in retrieving records from government archives. Independent confirmation that the ship carried a fortune in gold remains elusive. ", "National Geographic has a long history covering this kind of expedition," said David Royle, executive producer of National Geographic Ultimate Explorer and senior vice president for production at National Geographic Television and Film. 2 talking about this. She was originally named the SS George Law, after George Law of New York. 1995-2023 Captain Martin Bayerle, who re-discovered the sunken cruise ship in 1981 roughly 270 feet below the surface and approximately 50 miles south of Nantucket Island, says the ship was hauling more than just people. Independent confirmation that the ship carried a fortune in gold remains elusive. Until now. The below-ground stock of gold reserves is currently estimated to be around 50,000 tonnes, according to the US Geological Survey. We quote verbatim: The name originates from the French word for stern, la poupe, from Latin puppis. RMS Republic is directly linked to the more famous White Star Liner Titanic in several respects; the lack of a public inquiry for Republic in 1909 (to conceal the loss of her Tsarist gold cargo) failed to address all the issues which impacted Titanic just three short years later: why did this unsinkable ship sink, , 3 of the Most Expensive Lost Ocean Treasure Hauls. Martin Bayerle located a previously unidentified shipwreck located about 50 miles south of the island of Nantucket, Massachusetts. From gold doubloons, to solid platinum bullion, to 2,000-year-old Roman pickle jars, here are some of the most valuable shipwrecks ever recovered. Cabin A room inside the boat, which can refer to the entire interior or just one room designed for sleeping.