Sterling Discovery: Wreck of Ship Carrying $210 Million in Silver Located

September 26, 2011 Updated Sep 26, 2011 at 4:31 PM EDT

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Sterling Discovery: Wreck of Ship Carrying $210 Million in Silver Located

September 26, 2011 Updated Sep 26, 2011 at 4:31 PM EDT

A marine exploration group said Monday it has located the wreck of a British ship containing approximately $210 million in silver, according to the St. Petersburg Times.

According to the report, Tampa-based Odyssey Marine Exploration found the wreckage of the SS Gairsoppa in about three miles of water around 300 miles off the coast of Ireland. According to the story, the SS Gairsoppa was sunk following a German U-boat attack in 1941.

Read the St. Petersburg Times story HERE.