Crackers shouldn't cost that much, but this one here is different. It's got a lot of history. Made of water and flour, it survived the sinking of the Titanic 103 years ago. It is now set to go to auction later this month.

The pilot cracker, was made by Spillers and Bakers. It was included in the survival kit stored on the Titanic's lifeboats.

Taken by James Fenwick, a passenger with his new wife on the SS Carpathia, which came to aid Titanic's survivors, he put the small snack item in a Kodak photographic envelope along with a note that read: "Pilot biscuit from Titanic Lifeboat 1912."

The cracker is set to fetch $15,940 at the Henry Aldridge & Son auctioneers on October 24.

Andrew Aldridge, the auctioneer, told the Guardian:

“It is the world’s most valuable biscuit. We don’t know which lifeboat the biscuit came from but there are no other Titanic lifeboat biscuits in existence, to my knowledge. It is incredible that this biscuit has survived such a dramatic event.”