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Latin Times
Latin Times
National
Abel Rodríguez

Colombia's Latest Strategy To Raise $20 Billion: Recovering the Treasure of a Sunken Ship

Screen grab of a video released by the Colombian presidency shows the wreck of the Spanish galleon San Jose off the coast of Cartagena (Credit: Colombian Presidency/AFP)

More than 300 years ago, a Spanish warship called San José sank near the coast of Colombia. Now, controversy surrounds the sunken vessel as the country looks to surface the galleon and collect an estimated $20 billion worth of treasure.

The San José was part of the Spanish Navy during the Spanish Succession that occurred between 1701 and 1717. The galleon was an enormous ship consisting of three masts and some 60-mounted guns.

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