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Underwater Coins Authenticate San José Galleon and Trigger Legal Battle Over $20 Billion Treasure

  • In 2015, the Colombian navy located a shipwreck near Cartagena believed to be the Spanish galleon San José lost in 1708.
  • The San José sank after being attacked by a British naval force during the early 18th-century conflict in which Spain sought to defend its territories and interests.
  • ROV expeditions in 2021 and 2022 revealed gold and silver coins minted in 1707, cannons dated 1665, and artifacts confirming the shipwreck's identity.
  • Researchers called the discovery a rare opportunity to study colonial maritime trade, with the treasure valued up to $20 billion amid competing claims.
  • The finding reignited legal disputes over ownership, with ongoing archaeological work and debates on artifact recovery and cultural rights continuing.
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Over 300 years ago, the Spanish galleon San José was sunk off the coast of Colombia. It is suspected that there were gold, emeralds and silver on board. A precious cargo that is today estimated to be worth over 20 billion dollars. For this reason, the San José has been called the “holy grail” of shipwrecks and has long attracted treasure hunters around the world. In 2015, a ship was found...

·Stockholm, Sweden
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KIFIKIFI
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By Jack Guy, CNN New research revealing details of gold coins found aboard a shipwreck off the coast of Colombia provides further evidence that it was the San Jose galleon, a 300-year-old Spanish warship believed to contain artifacts worth billions of dollars. According to a study published Tuesday in the journal Antiquity, scientists used an unmanned underwater vehicle to inspect the wreck and captured images of some of its cargo.

·Idaho Falls, United States
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Phys.org broke the news in United Kingdom on Monday, June 9, 2025.
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