Fabulously rich shipwrecks with little or no basis in fact can be a major headache to serious treasure hunters. They are sometimes reported as having just taken place, or as having just been discovered. Eventually, they become part of gossip and legend. Often, reams of material are written about these wrecks, and millions of dollars are wasted in futile searches for them. Among professionals, these wrecks are known as “ghost galleons.” Read this article for a quick review of some of them.
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