Summary: Legend has it that a British frigate which sunk off Balaclava during a freak storm was loaded down with millions in gold for troops fighting in the Crimean War. The hunt for the mysterious treasure spanned more than a century, and gave birth to a venerated institution.
This article appeared in the Mar/Apr 2011 issue of Russian Life. The text of this article is not available online. Follow the link to the full issue listing to see if the back issue is available through our webstore.