A search has been on, since shortly after the wreck occurred on May 14, 1866 through to the present day.
"The ship was making good progress when at 11 pm on the night of May 13, a very dark night, the Auckland Islands were seen dead ahead. The crew and passengers saw with horror that they were drifting slowly towards massive cliffs. In the light winds and choppy seas they were helpless and the ship slowly crept on to its doom. At about 1 am the ship crashed bow on into the cliffs. The General Grant drifted astern and was carried further along the cliffs where it was reported to have drifted into a large cave where the mast struck the top of the cave. On the rising of the tide, the mast was forced through the hull, sinking the ship." A dozen or more attempts have failed to recover the treasure.
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General Grantarticle thanks to
Maritime Archaeological Association of New Zealand