Silver coins salvaged from SS City of Cairo on ocean floor

A British-led team has recovered a $50m (£34m; €47m) trove of silver coins that has lain on the seabed since the steamship carrying it from Bombay to England was sunk in 1942.

The SS City of Cairo was torpedoed 772km (480 miles) south of St Helena by a German U-boat and sank to 5,150m.

The 100 tonnes of coins, recovered in the deepest salvage operation in history, belonged to HM Treasury.
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The coins have now been melted down in the UK and sold, with the undisclosed sum divided between the treasury - which technically owns the coins - and the salvagers, who take a percentage of the sale.

The salvage was completed in September 2013, but DOS has only now been given permission by the Ministry of Transport to announce it.
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