A single galleon might carry 2 million pesos. The modern approximate value of the estimated 4 billion pesos produced during the period would come to $530 billion or €470 billion (based on silver bullion prices of May 2015).
How much was the 1715 Spanish fleet worth?
On July 24th, 1715, Spain’s treasure-rich “New Spain” Fleet sailed from Havana, Cuba with a cargo valued at fourteen million pesos in silver, gold and jewels.
How much gold did Spanish ships carry?
These groups of ships were heavily fortified against pirates, but there was little that could be done to protect them from bad weather. On July 24, 10 Spanish ships and one French ship left Havana, Cuba, on their way to Europe, carrying tons of gold and silver coins, about 14 million pesos worth.
What is Spanish treasure worth?
Known as the San Jose, the Spanish galleon was sunk by the British Navy more than 300 years ago while carrying a wealth of gold, silver and emeralds. Those riches are now worth as much as $17 billion ($A22 billion) by modern standards, but treasure hunters hoping to get a piece of the booty will be sorely disappointed.
How much gold did Spanish galleons carry?
The ship sank somewhere in the wide area off Colombia’s Baru peninsula, south of Cartagena, and is believed to have been carrying 11 million gold and silver coins, emeralds and other precious cargo from Spanish-controlled colonies.
How many of the 1715 fleet have been found?
Of the eleven ships making up the 1715 Fleet, one managed to get away, le Griffon captained by Antoine d’Aire, all the Spanish ships sunk, but two that were salvaged by the Spanish from 1715 to about 1718 were never found in modern times, and at least two were lost at sea with all souls.
Was the Queens Dowry ever found?
Exactly 300 years to the day after a hurricane destroyed 11 Spanish ships off the coast of Florida, a salvage company made an incredible discovery worth $4.5 million. Brent Brisben, 1715 Fleet Queens Jewels CEO, said the July 30 find was “magical” and “surreal.”
How much treasure has been found in the Bahamas?
Treasure divers in the Bahamas say they have found and begun to salvage the most valuable shipwreck ever located in the Western Hemisphere — a large Spanish galleon that sank in 1656 with a cargo of gold, silver, emeralds and artifacts estimated to be worth at least $ 1.6 billion.
How much gold did Spain take from the Americas?
Between 1500 and 1650, the Spanish imported 181 tons of gold and 16,000 tons of silver from the New World. In today’s money, that much gold would be worth nearly $4 billion, and the silver would be worth over $7 billion.
How many Spanish galleons are still missing?
The Spanish culture ministry has begun an inventory of shipwrecks in the Americas, identifying 681 vessels that sank between 1492 and 1898. Archaeologists have located the remains of fewer than a quarter of the 681 vessels on the inventory to date.
How much gold is lost in the ocean?
$771 Trillion Worth Of Gold Lies Hidden In The Ocean: Good Luck Getting It.
What is one Spanish gold coin worth?
Spanish American gold coins were minted in one-half, one, two, four, and eight escudo denominations, with each escudo worth around two Spanish dollars or $2.
Was the Spanish treasure fleet ever found?
The wreck of the Spanish merchant ship Encarnación, part of the Tierra Firme fleet, was discovered in 2011 with much of its cargo still aboard and part of its hull intact. The Encarnación sank in 1681 during a storm near the mouth of the Chagres River on the Caribbean side of Panama.
Was the Urca de Lima real?
The Urca de Lima is a wooden-hulled sailing ship that was part of a Spanish plate flota (feet). It sank off the east coast of Florida in 1715 during a hurricane. … The Urca de Lima was rediscovered in 1928.
How much platinum did Spain dump in the ocean?
The document, says, among other things: Having washed in my presence and cleaned the gold with mercury, 250 pesos of gold came out and, apparently, 7 to 8 pounds of platinum, which, in the presence of the captain Francisco Perea and the witnesses who sign here, threw himself into the San Juan river.
Where did the Spaniards get their gold?
Almost overnight, Spain became very rich taking home unprecedented quantities of gold and silver. These were stolen from the Incas and the mines that the Spanish came to control. The gold was used by the Spanish monarchy to pay off its debts and also to fund its ‘religious’ wars.