Santa Margarita Current Estimated Value: Over $16 million
Year Disappeared: 1622
Year Discovered: (date not specified)
The Santa Margarita faced difficulties while sailing near Key West in 1622, ultimately leading to its sinking. At the time, the ship was carrying a significant cargo, including over 166,000 pieces of eight, along with passengers. While hurricanes still pose a threat to seafarers today, modern ships are far better equipped to handle such storms than those in the 16th century.
Conclusion The Santa Margarita's treasure, with an estimated value exceeding $16 million, highlights the immense wealth transported during the age of exploration. This shipwreck serves as a reminder of the risks faced by maritime ventures in the past and the historical significance of the treasures lost to the sea.
Santa Margarita Source: Pin by PirateGoldCoins on Pinterest
The wreck of the Santa Margarita was discovered by the Spanish a few years after it sank, in 1626, allowing them to retrieve some treasures from the depths. Expeditions continue to uncover stray gold nuggets and other artifacts from the ship even in more recent times.
Conclusion The ongoing discoveries from the Santa Margarita illustrate the enduring allure of shipwrecks and the treasures they hold. Each find not only adds to the ship's historical narrative but also enhances our understanding of maritime trade and the risks associated with it during the 17th century.
