Note: ERSST is currently on version 6. See the ERSSTv6 page here

The NOAA Extended Reconstruction Sea Surface Temperature (ERSST) provides global, spatially complete SST data at a monthly timestep for 1854-present. Version3 is based upon statistical interpolation of the ICOADS release 2.4 data. Version 3 includes satellite AVHRR SST data for 1985 onwards. Version 3b does not include satellite data due to a cold bias in the satellite-derived SSTs that proved difficult to correct. The data are distributed as anomalies; climatologies (absolute values) are available for 1971-2000. ERSST v3 forms the basis for NOAA's merged global land-ocean surface temperature analysis. 

Version 4 was released in October, 2014.  Version 4 makes use of ICOADS release 2.5. and employs new bias adjustments, quality control procedures, and analysis methods (Huang et al., 2014). Version 5 is available as of July, 2017. Both ERSSTv4 and ERSSTv5 show more warming since ~1980 than does ERSSTv3b, putting them in better agreement with SST estimates from satellites, buoys, and island and coastal land station estimates.