Sunken Treasure

There is a persistent rumour that the Birkenhead
was carrying a military payroll of £240,000 in gold
coins (about 3 tons in weight) which had been
secretly stored in the ships' powder-room before the
final voyage.

Despite many salvage attempts, from as early as
1854, no more than a few hundred gold coins, which
appear to have been personal possessions, have
been recovered. If the fabled hoard had existed, it
would have been contained compactly in a few
chests or boxes, all in the same place, rather than
scattered throughout the ship in individual pockets
and purses.

It is therefore concluded that the treasure is only a