Monday Dec 15, 2025
NEWSLETTER
www.israelhayom.com
  • Home
  • News
    • Israel
    • Israel at War
    • Middle East
    • United States
  • Opinions
  • Jewish World
    • Archaeology
    • Antisemitism
  • Lifestyle
    • Food
    • Travel
    • Fashion
    • Culture
  • Magazine
    • Feature
    • Analysis
    • Explainer
  • In Memoriam
www.israelhayom.com
  • Home
  • News
    • Israel
    • Israel at War
    • Middle East
    • United States
  • Opinions
  • Jewish World
    • Archaeology
    • Antisemitism
  • Lifestyle
    • Food
    • Travel
    • Fashion
    • Culture
  • Magazine
    • Feature
    • Analysis
    • Explainer
  • In Memoriam
www.israelhayom.com
Home Archaeology

$20B shipwreck: Legal war erupts over legendary treasure

The ship, which carried approximately 11 million gold and silver coins, was estimated by Sky News to be worth about $20 billion and earned the nickname "the Holy Grail of shipwrecks."

by  Miri Weissman
Published on  11-30-2025 10:00
Last modified: 11-30-2025 13:41
$20B shipwreck: Legal war erupts over legendary treasure(Falklands Maritime Heritage Trust/National Georgraphic via AP

A view of the bow of the wreck of Endurance, polar explorer's Ernest Shackleton's ship | Photo: (Falklands Maritime Heritage Trust/National Georgraphic via AP

Share on FacebookShare on Twitter

Deep beneath the Caribbean Sea lies one of history's greatest sunken treasures – and three nations are fighting over who gets to claim it.

Off the coast of Colombia, the first archaeological artifacts have been recovered from the Spanish galleon San José, one of the world's most famous shipwrecks, which sank in 1708 near the port of Cartagena during the War of the Spanish Succession.

The ship, which carried approximately 11 million gold and silver coins, was estimated by Sky News to be worth about $20 billion and earned the nickname "the Holy Grail of shipwrecks."

A woman takes pictures of a bottle of beer that was retrieved from a shipwreck in the AAland archipelago in the summer of 2010 is seen at the VTT Technical Research Centre of Finland in Espoo on February 8, 2011 (Photo: AFP / Antti Aimo-Koivisto) AFP

A Colombian expedition brought up, for the first time, a cannon, three ancient coins, pottery, and porcelain items from the ship's remains at a depth of approximately 600 meters (1,970 feet) in the Caribbean Sea. The ship's exact location has been kept a state secret, and the debate over ownership of the treasure continues between Colombia, Spain, and the US.

An American investment group called Sea Search Armada claims it located the ship in 1982 and is demanding $10 billion from the treasure on board, but the Colombian government rejects its claims and views the San José as a cultural archaeological asset rather than a commercial treasure. Meanwhile, Spain claims the ship sailed under the Spanish flag.

According to Colombia's Ministry of Culture, the discovered artifacts underwent "emergency treatment" on a military vessel before being transferred to the Caribbean Oceanographic and Hydrographic Research Center for preservation and scientific analysis.

According to Elena Casedo, head of the Colombian Institute of Anthropology and History, the scientific analysis expected to be conducted following the collection of the items may finally confirm that the ship's remains are indeed those of the San José, and shed light on the origin of the objects, the technologies used to manufacture them, and the trade route that enabled Chinese porcelain vessels to reach the Caribbean in the 18th century.

At the same time, the Colombian government is re-investigating the circumstances of the sinking. Alongside the known possibility – an explosion in the gunpowder armament – additional theories are also being examined, including external damage to the ship's hull.

The discovered artifacts join a catalog that already includes approximately 1,138 items that have been documented since the ship was rediscovered in 2015, including nearly intact porcelain vessels, gold ingots, hundreds of coins, cannons from Spain from 1665, weapons, suitcases, and additional pottery.

Tags: 11/30archaeologyCaribbeanColombiaSan JoséshipwreckSpaintreasure

Related Posts

1,300-year-old menorah pendant discovered at Temple MountEliyahu Yanai/ City of David

1,300-year-old menorah pendant discovered at Temple Mount

by Lidor Sultan

Researchers believe the artifact was worn by a Jewish individual who traveled to Jerusalem despite Byzantine-era restrictions barring Jews from...

King Tutankhamun's tomb at risk of collapse

King Tutankhamun's tomb at risk of collapse

by ILH Staff

The 3,300-year-old tomb is currently in its most fragile state since its discovery in 1922. Experts believe the cause lies...

Ancient underground synagogue discovered in GolanDr. Mechael Osband

Ancient underground synagogue discovered in Golan

by Roi Bet Levi

The Golan region, where the synagogue is located, was formerly a Jewish area during the Roman and Byzantine periods –...

Menu

Analysis 

Archaeology

Blogpost

Business & Finance

Culture

Exclusive

Explainer

Environment

 

Features

Health

In Brief

Jewish World

Judea and Samaria

Lifestyle

Cyber & Internet

Sports

 

Diplomacy 

Iran & The Gulf

Gaza Strip

Politics

Shopping

Terms of use

Privacy Policy

Submissions

Contact Us

About Us

The first issue of Israel Hayom appeared on July 30, 2007. Israel Hayom was founded on the belief that the Israeli public deserves better, more balanced and more accurate journalism. Journalism that speaks, not shouts. Journalism of a different kind. And free of charge.

All rights reserved to Israel Hayom

Hosted by sPD.co.il

  • Home
  • News
    • Israel at War
    • Israel
    • United States
    • Middle East
    • Sports
  • Opinions
  • Jewish World
    • Archaeology
    • Antisemitism
  • Lifestyle
    • Food
    • Travel
    • Fashion
    • Culture
  • Magazine
    • Feature
    • Analysis
    • Explainer
    • Environment & Wildlife
    • Health & Wellness
  • In Memoriam
  • Subscribe to Newsletter
  • Submit your opinion
  • Terms and conditions

All rights reserved to Israel Hayom

Hosted by sPD.co.il

Newsletter

[contact-form-7 id=”508379″ html_id=”isrh_form_Newsletter_en” title=”newsletter_subscribe”]

  • Home
  • News
    • Israel at War
    • Israel
    • United States
    • Middle East
    • Sports
  • Opinions
  • Jewish World
    • Archaeology
    • Antisemitism
  • Lifestyle
    • Food
    • Travel
    • Fashion
    • Culture
  • Magazine
    • Feature
    • Analysis
    • Explainer
    • Environment & Wildlife
    • Health & Wellness
  • In Memoriam
  • Subscribe to Newsletter
  • Submit your opinion
  • Terms and conditions

All rights reserved to Israel Hayom

Hosted by sPD.co.il