A chest thought to contain as much as NZ$174 million of gold has been discovered by British treasure hunters.
The gold was found in the wreckage of a Nazi cargo ship.
The ship, SS Minden, was deliberately sunk on the orders of Adolf Hitler.
The UK-based hunters from Advanced Marine Services found the chest approximately 190km off the southeastern coast of Iceland in early July.
They have now had to apply to the Icelandic government for permission to open the treasure because there is a dispute over who owns the chest – the hunters believe who finds it, keeps it.