A group of divers from UK-based Advanced Marine Services discovered a chest inside a WWII shipwreck where it laid untouched for almost 78 years.
According to Metro, the chest could contain up to four tons of valuable metal, believed to be gold from South American banks. It could be worth up to £100 million (US $130.8 million).
The SS Minden, a German cargo ship, headed to Germany when it was allegedly noticed by the British Navy; therefore Nazi officials ordered in September 1939 to sink the SS Minden some 190 kilometers southeast of Iceland.
Advanced Marine Services applied to Iceland's government for permission to open the chest. The Icelandic officials will decide on who owns the shipwreck in the Atlantic.
Treasure hunters and researchers have been chasing missing Nazi gold for decades. There is a widespread legend about three Nazi German-era gold-laden trains, which were buried in secret underground tunnels built by the Nazis in early 1945.
The trains have never been found, but according to rumors, they contain 300 tons of gold, weapons, artwork and jewelry.