After reading about the exciting work taking place this week on the coast as archaeologists and volunteers uncover artifacts from a sunken Civil War ship, I went looking through the North Carolina Newspapers collection for a mention of the wreck.
I found this piece, in the Fayetteville Observer from June 30, 1862, describing the wreck of the Modern Greece:
The last lines are especially notable: "It is believed that a portion of the cargo can be saved. All will be saved if possible." Portions of the cargo are indeed being saved. It has only taken 150 years.