18th-Century Spanish Shipwreck Has $17 Billion Worth of Coins And Gems Aboard

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18th-Century Spanish Shipwreck Has $17 Billion Worth of Coins And Gems Aboard
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The Colombian army released images of one of the world's most valuable shipwrecks, the location of which was unknown for nearly three centuries.

The images revealed many newly discovered treasures, including Chinese ceramics, gold coins, swords, and cannons."The idea is to recover it and to have sustainable financing mechanisms for future extractions," Duque said in the press conference.

Inscriptions on the cannons revealed they had been manufactured in 1655 in Seville and Cádiz in Spain, the Colombian navy's maritime director-general Admiral José Joaquín Amézquita, said inDuque also said that monitoring of the wreck led to the discovery of two more shipwrecks nearby, a colonial boat and a schooner thought to be from the 1800s.

However, Spain has also staked a claim, noting that the ship was theirs and citing UNESCO's convention on underwater cultural heritage. To further complicate matters, many of the valuables on the ship were likely to have been plundered from South American countries, some of whom might also claim a right to some of the treasure.

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