Colombia's Ambitious Quest: Recovering the $20 Billion 'Holy Grail of Shipwrecks'

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Source: The Independent
Colombia's Ambitious Quest: Recovering the $20 Billion 'Holy Grail of Shipwrecks'
Photo: The Independent
TL;DR Summary

The Colombian government plans to recover the "Holy Grail of shipwrecks," the San Jose, which sank in 1708 with an estimated $20 billion worth of treasure, including silver, emeralds, and gold coins. Disputes over ownership are expected, with a US salvage consortium claiming to have located the wreck in 1981, while the Colombian government asserts it independently found the galleon in 2015. Spain and Bolivia's indigenous Qhara Qhara nation also claim ownership. The recovery is a priority for President Gustavo Petro, and the ship is expected to be brought to the surface by 2026.

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