'Lost' Treasure Ship Is Also a War Grave

A seafloor image of the shipwreck that the Colombian government has identified as the San Jose.
A seafloor image of the shipwreck that the Colombian government has identified as the San Jose.
(Image credit: Colombian Ministry of Culture and the Colombian Institute of Anthropology and History)

The president of Colombia's Dec. 5 announcement that a 300-year-old Spanish shipwreck had been discovered made headlines around the world, largely because of the price tag attached to the wreck: somewhere between $4 billion and $17 billion.

The galleon, named the San José, was carrying a large load of gold, silver and precious stones from the mines of Peru back to Spain in 1708 when it was destroyed in a sea battle with the English. The sinking occurred against the backdrop of the War of the Spanish Succession, a European conflict that arose over the disputed successor to the Spanish throne.

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Stephanie Pappas
Live Science Contributor

Stephanie Pappas is a contributing writer for Live Science, covering topics ranging from geoscience to archaeology to the human brain and behavior. She was previously a senior writer for Live Science but is now a freelancer based in Denver, Colorado, and regularly contributes to Scientific American and The Monitor, the monthly magazine of the American Psychological Association. Stephanie received a bachelor's degree in psychology from the University of South Carolina and a graduate certificate in science communication from the University of California, Santa Cruz.