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<p>[QUOTE=&quot;Del Pinto, post: 2138260, member: 73128&quot;]I noticed this thread from 2013; fair to compare the differences?</p><p><a href="https://www.cointalk.com/threads/61-tons-of-silver-pulled-from-shipwreck.233549/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/61-tons-of-silver-pulled-from-shipwreck.233549/">https://www.cointalk.com/threads/61-tons-of-silver-pulled-from-shipwreck.233549/</a></p><p><br /></p><p>Around the same time from the SS Gairsoppa, recovered Silver Ingots were also melted (Sunshine Mint) then sold as retail bullion, readily available today. Odyssey Marine kept 80% of the silver, apparently, but admitted they&#039;d invested MILLION$.&nbsp; Got to factor all those costs, in full.</p><p><br /></p><p>At wholesale, after further transport and minting costs, I doubt selling that Silver was &#039;easy money&#039; for OM either but we&#039;d have to examine the expense reports in detail.</p><p><br /></p><p>Currently, at a premium of just 32-33% of Spot on eBay - resellers are realizing a premium of <i>just 14-16% over Spot </i>after auction fees, April 2015. That&#039;s certainly NOT easy money in my book.</p><p><br /></p><p>At volume and retail, did the 10 Ozt SS Gairsoppa ingots ever sell for 2x Spot, at release maybe?&nbsp; Old threads suggest NO WAY.</p><p><br /></p><p>By contrast, salvaging and smelting 100 metric tonnes of loose corroded alloy Silver coin (from the SS City of Cairo: far deeper, and farther at sea) would be much more expensive, I suppose - not cheaper.[/QUOTE]</p><p><br /></p>

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