The Search Continues for New York Harbor’s Guggenheim Treasure
by Owen James Burke
In 1903, a barge carrying 7,700 bars of silver and lead tipped over in New York Harbor, and although the barge recovered, many of the precious metals are still missing, the Smithsonian Magazine has reported.
The cargo was owned by none other than the Guggenheim family, and although about 85% of the load was secretly recovered, it is believed that about 1,400 of the bars, worth about $20 million today, remain unfound. The tales of old fishermen may suggest the whereabouts of the lost merchandise, but Ken Hayes, president and founder of Aqua Survey out of Flemington, N.J., is on the hunt.