Sunken galleon's gold has probably been hypothecated already
By Chris Baynes
The Independent, London
Wednesday, May 23, 2018
U.S. scientists found a Spanish galleon laden with treasure worth up to L12.6 billion at the bottom of the Caribbean Sea, more than 300 years after it sank.
The San Jose, considered the holy grail of shipwrecks, was discovered three years ago off the coast of Colombia but few details were released at the time.
The 62-gun, three-masted galleon sank in June 1708 during a battle with British ships in the War of Spanish Succession, with the loss of nearly 600 lives.
Its treasure of gold, silver, and emeralds has been described as the most valuable ever found and the precise location of the shipwreck was one of maritime history's most enduring mysteries. ...
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