More than £16bn of treasure on shipwreck identified – but there’s a row over who owns it

San Jose: Shipwreck with £16bn of treasure on board identified – fuelling international row over who owns it

Lost for centuries after it was sunk in a battle with the Royal Navy, the secrets of a Spanish galleon and its vast hoard of gold, silver and emeralds have been revealed.

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Researchers analysed the coins – or cobs – found amid the wreck. Pic: Ariza et al/ARC-DIMAR 2022
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Cannons found in the wreckage of Spanish galleon San Jose. Pic: Reuters/Colombian Ministry of Culture

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