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Off the coast of Massachusetts, and in the Mediterranean waters surrounding the Tuscan island of Giglio, treasure hunters are seeking sunken loot.

Greg Brooks of Gorham, Maine — a founder of shipwreck recovery firm Sub Sea Research — says he has located the underwater remains of a British merchant ship that was sunk off Cape Cod by a German submarine during World War II. According to Brooks, the wreck contains a cargo of platinum bars now worth more than $3 billion.

In Italy, meanwhile, the…

Wrecks to Riches: Hunting Sunken Treasures from Cape Cod to the Costa Concordia originally appeared on DailyFinance.com on 2012-02-03T11:45:00Z.

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