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Author Topic: Gold Bars from the Philippines  (Read 404 times)

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Gold Bars from the Philippines
« on: June 07, 2022, 12:52:47 PM »
"SPANISH LOOTED GOLD BARS IN THE 17TH CENTURY"

A Gold Bar with mint marks was recovered from the Spanish treasure ship 'Atocha' which sank in 1622. Much of the wreck of Nuestra Señora de Atocha was famously recovered by an American commercial treasure-hunting expedition in 1985.

From the 16th to 18th centuries, Spanish galleons were known for being heavily laden with treasures e.g. copper, silver, gold, tobacco, gems, and indigo. Aside from the galleon trade, treasures were purportedly looted from their territory islands in the Caribbean, and according to some historians, much of these gold ingots were reportedly from the gold-rich Philippines and transported from the Philippines islands to Mexico and finally to Spain.

One example of that was in 1565 when Miguel Lopez de Legazpi issued a proclamation in Cebu requiring Spanish soldiers and sailors who dug up local Cebuano graves in search of treasure to properly declare their finds to the authorities in order for the King of Spain to take his “royal fifths and rights,” his majesty’s “cut” in the loot, that once the treasure pile is fully mounted, that's the time ready to be transported to Spain. [1]

Reference to Consider:
[1] "The Spanish Empire in America, New York" C.H. Haring (1947)

Related link: https://asiasociety.org/philippines2015
#PHCEHistory

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