This is the Holy Grail of shipwrecks.
The ship contained over $1 billion in gold coins and other treasure, lies somewhere off the coast of Colombia. It sank in 1708 with most of its 600 crew and passengers on board.
It was thought to have been located in 1982 by a company that sold rights to Sea Search Armada. A group of investors has been fighting for several years with the Colombian government for ownership of the treasure- should it ever be recovered.
But whether or not the location is the genuine resting place of the treasure remains a mystery.
Courtesy Herald Sun