Lost vessel shows its booty after 307 years

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CARTAGENA, COLOMBIA - More than three centuries after the San Jose Galleon warship sank during the Spanish War of Succession against the British, it has been found. The ship, which went down in June, 1708, killing all 600 on board, was discovered near the port city of Cartagena.

According to Colombian President Juan Manuel Santos, it`s  the greatest shipwreck find ever, maybe in the history of mankind.

With an enormous treasure chest, the ship is called the "holy grail" of shipwrecks by historians.  The value of its booty is placed somewhere around $10 B. Gold, silver and other jewels were in the cargo once bound for Spain`s king. Some reports say as many as 11-million gold coins were on board.

Just who owns the booty may spark another war; it has been fought over for centuries.

Colombian officials say the treasures will eventually reside in a museum where anyone can make a booty call.