- Colombia recovered gold coins and other artifacts from the 300-year-old San José shipwreck.
- The San José, sunk during the War of the Spanish Succession, holds treasures worth billions of dollars.
- Colombia and the U.S.-based Sea Search-Armada are disputing ownership rights; the artifacts will undergo conservation for research.
BOGOTA, Colombia — Colombia has recovered gold and bronze coins, a porcelain cup and a cannon from a sunken Spanish warship dubbed the "holy grail of shipwrecks."
The artifacts are the first treasures to be recovered from the wreckage of the San José, a Spanish galleon that was sunk by the British Royal Navy in the Caribbean more than 300 years ago.
At the time of its sinking, during the War of the Spanish Succession, the San José had been carrying large amounts of gold, silver and emeralds from Spanish colonies in Latin America back to the Spanish king.
Collectively, those treasures are believed to be worth billions of dollars in today's money and they are at the center of a heated legal dispute between the Colombian government and a U.S.-based marine salvaging company named Sea Search-Armada.
Colombia maintains that it discovered the San José in 2015 with help from international scientists, but SSA, formerly known as Glocca Morra, claims to have found the shipwreck in the early 1980s and has launched a legal battle in the Permanent Court of Arbitration, claiming it is entitled to approximately $10 billion – roughly half the estimated value of the shipwreck's treasure.
The Colombian government says its recovery of the treasures is part of a research project that could provide clues about Europe's economic, social and political climate during the early 18th century. It also says the galleon is significant to Colombia's culture and identity.
In a statement Thursday, Colombian Culture Minister Yannai Kadamani Fonrodona described the recovery as a "historic event" that demonstrated the country's capacity to protect its underwater cultural heritage.
Alhena Caicedo Fernández, director of the Colombian Institute of Anthropology and History, said it "opens the possibility for citizens to approach, through material evidence, the history of the San José galleon."
The government says the items, which were recovered using underwater robots, will now undergo a lengthy conservation process at a lab and will be used for archaeological research.
Historical records show that the San José was part of a shipping fleet known as the Flota de Tierra Firme.
It was one of several ships in the fleet that left Peru in 1707 carrying a large amount of royal cargo, but records show that it never reached Spain, instead sinking off Colombia following a battle with British forces the following year.
