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Treasure galleon wreck San Jose found off Colombia

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Bianca Markos
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« on: December 06, 2015, 03:19:53 am »

Treasure galleon wreck San Jose found off Colombia
Date
December 5, 2015
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An example of a Spanish galleon. This is a drawing of the galleon Conception. Photo: Supplied
Colombia has found the wreck of a Spanish galleon that sank off the coast of Cartagena and is thought to be laden with emeralds and gold and silver coins, President Juan Manuel Santos says.

More details were to be provided at a news conference on Saturday, Santos said from his Twitter account.

The San Jose sank in 1708 in the Caribbean Sea close to the walled port city of Cartagena. It was part of the fleet of King Philip V as he fought the English during the War of Spanish Succession.

"Great news! We have found the San Jose galleon. Tomorrow we will provide details at a press conference from Cartagena," Santos tweeted.

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The government's claim on Friday did not shed light on a legal wrangle with Sea Search Armada, a US-based salvage company which had a long-standing suit against Bogota over ownership of the wreck. SSA said in 1981 it had located the area in which the ship sank.

SSA and the government were partners back then and following international custom, they agreed to split any proceeds. The government later said any treasure would belong to Colombia.

In 2011 a US court declared the galleon property of the Colombian state.

- Reuters



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Bianca Markos
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« Reply #1 on: December 06, 2015, 03:21:07 am »


An example of a Spanish galleon. This is a drawing of the galleon Conception. Photo: Supplied

Read more: http://www.smh.com.au/world/treasure-galleon-wreck-san-jose-found-off-colombia-20151205-glga9i.html#ixzz3tWyWFyum
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Bianca Markos
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« Reply #2 on: December 06, 2015, 03:21:53 am »




The San Jose was sunk by the British. Image Credit: Samuel Scot / National Maritime Museum
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Bianca Markos
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« Reply #3 on: December 06, 2015, 03:22:25 am »

One of the largest hauls of sunken treasure in the world has finally been located after 300 years.
Described as the holy grail of shipwrecks, the San Jose galleon was carrying a cargo overflowing with gold, silver and gems when it was sunk by a British warship in 1708.

Now after years of searching for the wreck, President Juan Manuel Santos of Colombia has announced that its precise whereabouts on the sea floor have finally been discovered.

It is thought that the ship's contents could be worth between $4 and $17 billion.

The vessel was part of the fleet of King Philip V who had been fighting the British during the War of the Spanish Succession. It went down along with all of its treasures in the Caribbean Sea near to the port city of Cartagena following an intense naval battle.   
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Bianca Markos
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« Reply #4 on: December 06, 2015, 03:22:41 am »

http://www.smh.com.au/world/treasure-galleon-wreck-san-jose-found-off-colombia-20151205-glga9i.html
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Sphere of Influence
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« Reply #5 on: December 06, 2015, 03:26:13 am »

Lots of value involved too, that will cause some wrangling over who gets it I bet... from the OP
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Eclipse of the Sun
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« Reply #6 on: December 06, 2015, 03:27:49 am »

$4 to $17 billion. That's a $16,999,999,996 gap in estimates.
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Kal-L
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« Reply #7 on: December 06, 2015, 03:29:50 am »

Actually, it was my understanding that while a US salvage team was involved, Colombia was by a US court awarded the loot.
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