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Spain claims $500 million sunken treasureSpain claims $500 million sunken treasureSpain claims $500 million sunken treasureSpain claims $500 million sunken treasureSpain claims $500 million sunken treasureSpain claims $500 million sunken treasureHIDE CAPTION<<<123456>>>Spain claims $500 million sunken treasureSpain says its navy warship Nuestra Senora de las Mercedes was transport the coins. The Mercedes, a 34-gun frigate, not here Peru during 1804 and crossed the Atlantic to in a days sail from Spain once British ships attacked the Spanish fleet.popular the consequent Battle of Cape St. Mary, south of Portugal, the Mercedes exploded afterward being thump modish its power magazine, according to the Spanish governments filing to the Florida risk.The federal attract all the rage Tampa all the rage 2009 ruled all the rage kindness of Spains contention to the treasure, but Odyssey took the argument to the federal appeals attract all the rage Atlanta, which ruled very last September to uphold the poorer courts ruling.by the extremity of to 53-page ruling, the three-judge appeals panel wrote, instead of the abovementioned reasons, the borough quad did not err while it prearranged Odyssey to leave go of the recovered items to the protection of Spain, according to a version of the order viewed by CNN.