The wreck of a Spanish ship laden with treasure that was sunk by the British more than 300 years ago has been found off the Colombian coast, says President Juan Manuel Santos.
"Great news! We have found the San Jose galleon," the president tweeted.
The wreck was discovered near the port city of Cartagena.
It has been described as the holy grail of shipwrecks, as the ship was carrying one of the largest amounts of valuables ever to have been lost at sea.
Mr Santos said the cargo was worth at least $1bn (£662m).
The San Jose was carrying gold, silver, gems and jewellery collected in the South American colonies to be shipped to Spain's king to help finance his war of succession against the British when it was sunk in June 1708.
The vessel was attacked by a British warship just outside Cartagena.
Colombian officials would not reveal the precise location of the wreck, but Mr Santos said the find "constitutes one of the greatest - if not the biggest, as some say - discoveries of submerged patrimony in the history of mankind".
He said that a museum would be built in Cartagena to house the ship's treasures
Ownership of the wreck has been the subject of a long-running legal row.
The Colombian government did not mention its long-running quarrel with US-based salvage company Sea Search Armada (SSA) over claims to the treasure.
A group now owned by SSA said in 1981 that it had located the area in which the ship sank.
SSA has been claiming billions of dollars for breach of contract from the Colombian government, but in 2011 an American court ruled that the galleon was the property of the Colombian state.
The San Jose
-English Commodore Charles Wager tracked down the treasure-laden ship 25km (16 miles) off Cartagena and it sank in 300m (1,000ft) of water
-In the fighting the vessel was reported to have exploded, with most of its crew killed
-The wreck is reported to fall within the UN's definition of an underwater cultural heritage site
-It is estimated that the San Jose is one of more than 1,000 galleons and merchant ships that sank along Colombia's coral reefs during more than three centuries of colonial rule
There is almost no doubt left that it is indeed her, for they identified her characteristic cannons (with dolphins on them). Very exciting.
Whoever says "education does not matter" can try ignorance
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A decision must be made in the life of every nation at the very moment when the grasp of the enemy is at its throat. Then, it seems that the only way to survive is to use the means of the enemy, to rest survival upon what is expedient, to look the other way. Well, the answer to that is 'survival as what'? A country isn't a rock. It's not an extension of one's self. It's what it stands for. It's what it stands for when standing for something is the most difficult! - Chief Judge Haywood
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The pictures are amazing - I've never seen relics so perfectly intact after hundreds of years submerged.
I believe this is because of the depth - most of these ships have sunk in much shallower water, which would encourage coral growth. 300m seems to be sufficient to hinder that encrustting process.
A minute's thought suggests that the very idea of this is stupid. A more detailed examination raises the possibility that it might be an answer to the question "how could the Germans win the war after the US gets involved?" - Captain Seafort, in a thread proposing a 1942 'D-Day' in Quiberon Bay
There are far better wrecks with even cleaner relics preserved in the Baltic and Black Sea, especially in the baltic. There is a Russian SotL preserved nearly perfectly for example, as is a Swedish fluyt that has been nicknamed the Ghost ship because it is so very much intact.
Though none of them come even close to the importance of this find.
Whoever says "education does not matter" can try ignorance
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A decision must be made in the life of every nation at the very moment when the grasp of the enemy is at its throat. Then, it seems that the only way to survive is to use the means of the enemy, to rest survival upon what is expedient, to look the other way. Well, the answer to that is 'survival as what'? A country isn't a rock. It's not an extension of one's self. It's what it stands for. It's what it stands for when standing for something is the most difficult! - Chief Judge Haywood
------------ My LPs
I think what I love most about this thread is that a German has mistakenly written Columbian instead of Colombian. I guess Columbia University is to blame for US and Christopher Columbus for everyone else? lol
I have almost reached the regrettable conclusion that the Negro's great stumbling block in his stride toward freedom is not the White Citizen's Counciler or the Ku Klux Klanner, but the white moderate, who is more devoted to "order" than to justice; who constantly says: "I agree with you in the goal you seek, but I cannot agree with your methods of direct action"; who paternalistically believes he can set the timetable for another man's freedom; who lives by a mythical concept of time and who constantly advises the Negro to wait for a "more convenient season."
Whoever says "education does not matter" can try ignorance
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A decision must be made in the life of every nation at the very moment when the grasp of the enemy is at its throat. Then, it seems that the only way to survive is to use the means of the enemy, to rest survival upon what is expedient, to look the other way. Well, the answer to that is 'survival as what'? A country isn't a rock. It's not an extension of one's self. It's what it stands for. It's what it stands for when standing for something is the most difficult! - Chief Judge Haywood
------------ My LPs