Greg Brooks, a treasure hunter from Maine, believes he has found the remains of the British ship S.S. Port Nicholson 50 miles from Cape Cod, the Daily Mail reports.
Brooks’ discovery is of more than just historical importance. The ship, a British merchant ship sunk by the Germans in 1942, may contain 71 tons of platinum—valued at the time at around $53 million, a payment from the Soviet Union to the U.S. for war supplies.
At today’s values that’s around $3 billion. “I’m going to get it, one way or another, even if I have to lift the ship out of the water,” Brooks said.
However, even if he gets at the platinum (which the British government doubts is even there), Brooks may face legal trouble. This week a different American treasure hunter was ordered to give back $500 million-worth of gold and silver coins to Spain, the Guardian reports.
An American judgment against Odyssey Marine Exploration found that the coins now belonged to Spain and the descendants of the 250 Spanish sailors who died when the vessel was sunk in 1804.
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