As far as the actual show goes it's frustrating. The whole idea that the RMS Republic bears what today would be about a billion dollars in gold and artifacts is the same: unsubstantiated. The riches promised a badly needed monetary infusion for Spain and its French allies who for seven years had been embroiled in war with a coalition of British, German, Austrian, Portuguese and Dutch forces following the anointing of French King Louis XIV’s grandson as Spanish monarch. Capt. Explorers have found the wreck of a Russian Imperial Navy ship that was sunk 113 years ago and may contain $130 billion worth of gold bars and coins, according to news reports. (Credit: Colombian Ministry of Culture), “I am very pleased, as head of state, to inform you that, without a doubt, we have found, 307 years after its sinking, the galleon San José,” Santos said, according to NPR. Captain Martin Gerard Bayerle is an American treasure hunter and author, best known for finding the 1909 shipwreck of the White Star Liner RMS Republic. Shortly after sunset, fiery cannon blasts lit up the night as broadsides of chains, scrap iron and cannonballs snapped the planks of the ships like matchsticks. Multibillion Dollar Shipwreck Found Off Colombia Colombia has found a Spanish galleon that went down off the country's coast with a treasure now valued between $4 billion and $17 billion. Gunpowder aboard the Spanish galleon had apparently ignited, and all but 11 of San José’s men went down with the ship along with millions of gold and silver coins and a bounty of jewels. 03 February 2009 • 11:17 am According to the Guardian newspaper, Spanish Culture Secretary José María Lasalle said his country was waiting to examine information from Colombia before deciding “what action to take in defense of what we consider to be our sunken wealth and in accordance with UNESCO agreements that our country signed up to years ago.”. On such a stagnant night, the smells of sulfur and brimstone lingered with a blanket of thick smoke that enveloped the combatants. Twice a week we compile our most fascinating features and deliver them straight to you. Artifacts found in the wreckage of Spanish galleon San Jose. 11:35am Jul 19, 2018 The wreck of a Russian warship reputed to be holding $176 billion in gold bullion has been found off a South Korean island. The wreck of a lost treasure ship has been found 307 years after it vanished beneath the waves. The English ship sank in a storm in 1694 during the War of the Grand Alliance as it was transporting 10 tons of gold coins to buy … Between 1998 and 2001, Odyssey Marine Exploration searched for HMS Sussex and stated that it believed it had located the shipwreck off Gibraltar at a depth of 821 metres. After breaking the news on Twitter, the president said at a subsequent news conference in Cartagena that an international team of experts working with Colombia’s Institute of Anthropology and History discovered San José under approximately 800 feet of water on November 27. Bayerle and his company, Martha's Vineyard Scuba … FACT CHECK: We strive for accuracy and fairness. For more than three centuries, the riches resting on the floor of the Caribbean Sea have tantalized treasure hunters, and on Saturday, Colombian President Juan Manuel Santos announced that the wreck of San José had finally been found. The Tsar's Treasure captures the story of the lost luxury White Star Liner known as the Millionaires' Ship and Capt. HISTORY reviews and updates its content regularly to ensure it is complete and accurate. Shipwreck divers found an astonishing bounty of treasure aboard a shipwreck last month off the coast of Florida. 24/7 coverage of breaking news and live events. A shipwreck believed to contain more than a billion dollars of gold has been discovered at the bottom of the English Channel. The company sued in a United States court, but the case was dismissed in 2011. At the time of her sinking Donskoi was reportedly carrying 5,500 boxes of gold bars and 200 tons of gold coins with a street value today of $130 billion. 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