A shipwreck from the 18th century finds $17 billion in treasure

A shipwreck from the 18th century finds $17 billion in treasure ...

A press release from the Colombian National Navy said the use of a remotely operated vehicle (ROV) to go closer and capture new photos and videos of theSan Jose Galleon, a 18th-century ship that sank off the coast of Cartagena, have not come in contact ever since.

The exact location of the shipwreck, according to reports, was not discovered by the authorities earlier this year.

According to a press release, the ROV sunk to a depth of 3,000 feet (900 m) to capture the best images and prepare for its extraction. In 2013, Colombia claimed ownership of the shipwreck and its contents, since it was within the country''s maritime borders and even passed a law to this effect.

Spain has argumentated this claim, citing the origins of the ship, but the matter is likely to be more complicated, since valuables are likely to have been stolen from South American nations, according to Business Insider''s report.

Valuables on San Jose Galleon

If you are wondering why countries are so keen on a shipwreck that has been on the sea floor for centuries, then it is the weight of the 200-ton treasure that keeps them at bay.

The Colombian Navy discovered the shipwreck in 2015, and has the most information about the true scope of these treasures. From what it has now shared, the shipwreck is known for its gold and silver coins, emeralds, and Chinese ceramics, in pristine condition, as seen in the photographs.

Apart from this, there are ancient swords, and not to forget the 64 cannons on the Galleon itself, which have a different meaning. While the ship''s wreckage was not eight decades old, inscriptions on the cannons have revealed that they were manufactured in 1655 in Sevilla and Cadiz in Spain, and the total value of these artifacts along with the jewels and precious metals is estimated at $17 billion today. It is no wonder that the shipwreck is

Colombia''''s claim on San Jose Galleon

The Colombian Navy had stated in a press release that its work had been verified by members of the Commission of Shipwrecked Antiquities and the Colombian Institute of Anthropology and History (ICANH) and the military group. In four observation sessions, the military group employed high-tech equipment and computer equipment to conduct its investigations.

"This shows that our capabilities are robust and will enable us to preserve all of that submerged heritage." Ivan Duque Marquez, Colombia''s president, said in a press release. "Our goal is to preserve it and secure financing mechanisms for its future extractions."

You may also like: