In 1942, the S.S. Port Nicholson sank somewhere off the shore of Cape Cod. Now, a treasure hunter by the name of Greg Brooks claims to have found the sunken shipwreck. But that’s not all…not by a long shot.

The $3 Billion Shipwreck?

According to Brooks, the S.S. Port Nicholson was carrying 71 tons of platinum which was supposed to be a payment from the Soviet Union to the U.S. for war supplies. At ~$1,500 an ounce, that means the S.S. Port Nicholson shipwreck is worth roughly $3 billion. Not too shabby! Here’s more on the $3 billion shipwreck from the Huffington Post:

A treasure hunter said Wednesday he has located the wreck of a British merchant ship that was torpedoed by a German U-boat off Cape Cod during World War II while carrying what he claims was a load of platinum bars now worth more than $3 billion. If the claim proves true, it could be one of the richest sunken treasures ever discovered.

But an attorney for the British government expressed doubt the vessel was carrying platinum. And if it was, in fact, laden with precious metals, who owns the hoard could become a matter of international dispute.

Treasure hunter Greg Brooks of Sub Sea Research in Gorham, Maine, announced that a wreck found sitting in 700 feet of water 50 miles offshore is that of the S.S. Port Nicholson, sunk in 1942…

(See the rest on the $3 billion shipwreck at the Huffington Post)