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Spanish galleon San Jose sank more than 300 years ago in battle with British, while carrying vast cargo of gold and precious stones Colombia’s discovery of the 300-year-old, shipwrecked galleon San Jose, thought to be loaded with some $10 billion in gold and precious stones, could shed light on an important period in Spanish colonial history but also spawn legal battles over the valuable cargo. Colombian President Juan Manuel Santos said his country spent two years studying historical maps, meteorology and used the latest sea-searching technology to locate the Spanish vessel, which sank during a battle in 1708 in the...

A more than 300-year-old Spanish shipwreck carrying treasure that might be worth up to $17 billion was discovered with the help of an underwater robot. It's called the Remus 6000 and it can dive nearly four miles and is loaded with sensors and cameras. Bronze cannons confirmed "the holy grail of shipwrecks" had been found at the bottom of the Caribbean Sea. They are engraved with dolphins — a telltale sign they belong to the Spanish galleon San Jose, lost more than 300 years ago. "I just sat there for about 10 minutes and smiled," said Jeff Kaeli, a research...

The Royal Navy sank the galleon in 1708 during the War of the Spanish Succession, but its resting place had been a mystery for more than three centuries. Today its contents could be worth billions. ...Experts speculate that the ship was loaded with at least 200 tons of treasure, including millions of high-purity gold doubloon coins, as well as many silver coins and emeralds that the Spanish empire had plundered from South America, worth up to $17bn (£13.5bn) today. The salvage rights have been subject to decades of litigation and are contested by a professional salvage company that claims to...