On the night of August 28, 1944, the American Liberty ship SS John Barry silently glided through the waves on its way to Saudi Arabia loaded with a secret cargo of silver. Unfortunately for the Barry and her crew, the Nazi U-boat U-859 detected the ship and successfully torpedoed her, sending her to the bottom of the Arabian Sea along with millions of silver riyal coins (shown above). Rumors quickly arose that the ship had not only been loaded with 3,000,000 silver riyals for ARAMCO, but also with tons of silver bullion destined for the USSR via India.
Due to the ship’s depth (8,500 feet) the wreck was left undisturbed until a consortium of Americans assembled a hodgepodge of recovery components primarily scavenged from the oil and gas industry. After winning a bid to recover the wreck from the US government, the consortium, dubbed “The John Barry Group” successfully located the Barry in 1994 and used a grap to bring up 1,300,000 (17 tons) of silver riyals before they ceased operations. Although no sign of the Soviet silver shipment was found, some experts still believe there is a high likelihood the Soviet silver is aboard the vessel and was not located due to the primitive technology employed by The John Barry Group. Stalin’s Silver, by John Beasant, presents a well-written account of both the recovery and the rationale for why more silver may be located aboard the Barry. Sadly, due to bureaucratic intransigence, the US government has not re-opened the vessel to a recovery bid process and, until then, neither will the mystery be solved nor the American taxpayer enriched by the recovery fees paid to the US government by a successful salvor.