Wrecks from Aztec & Inca looting periods

Tanneyhill

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Has there been much written about wrecks of the period of the looting of the treasures of the Aztecs in 1521 (fall of Tenochtitlan) and subsequently Inca in 1533 (execution of Atahualpa) and the immediate years following?

My main interest is gold ornaments and jewelry hence my past posts re: Manila galleons returning from Manila pre-1630. With regards to Aztecs and Inca treasure, I reckon in the early years after the conquest and looting much of the transport would have been in the form of ornaments, jewelry, and ceremonial artifacts before wide spread melting of metal began.

In Book IX, Chapter 91, The True History of the Conquest of New Spain (Historia verdadera de la conquista de la Nueva Espana), Bernal Diaz del Castillo recounts the initial gifts (from Moctezuma to Cortes): “collars, bracelets, and many other jewels, all of fine gold and very rich workmanship.”

After Pizarro's conquest of the Inca Empire and Atahualpa’s capture and execution in 1533, the Spanish extracted an enormous ransom of gold and silver (estimated at 13,000 pounds of gold and 26,000 pounds of silver), which included many ornaments, jewelry and artifacts. This treasure was shipped from Peru to Panama starting in 1533–1534.

So we have 1520-1522 and 1533-1534 as the start of the period where the Spanish acquired Aztec and Inca treasures. Most of the treasure would have been shipped in its original form before widespread melting began in the years following.

Any literature from these periods about possible wrecks re: Callao to Panama (or Caribbean side of Panama) or Veracruz to Havana? Anyone know of anyone's past pursuits of such wrecks if any?
 

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An other source of early gold artifacts is the German colony of the Walsers in Venezuela, from about 1528, ending in 1556. A considerable amount of gold was plundered from the indigenous people and shipped to Europe via Santo Domingo. Just Federmann alone, collected about 8000 pounds of gold ornaments during his expedition. This is one hoard that never reached Europe.
What happened to it?
Is it possible that all of it or at least a part was shipped on the "San Anton del Brasil" that wrecked in the Bahamas in 1552?
The Welsers made a great effort to locate the source of the gold, but never found it. In their search they committed horrible atrocities, torture and genocide.
 

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Technically Callao was founded in 1537. So ships sailing from Callao in 1533 to 1534 was unlikely as there was another small port to the north that pizzaro had made a base camp. The name escapes me at present.

Crow
 

Ah yes the old bird brain kicked in. Just after I posted. Paita founded in 1532 by Francisco pizzaro. It was his base camp for his invasion into Peru.

Crow
 

I don't there was much shipment of treasure in the early years as there was still much turmoil and pizzaro still did not have full control over the Inca or other tribes.

Crow
 

At the time of pizzarros invasion the Inca empire was in the middle of a civil war. Cusco was the losing side. Plus small Pox devestated the local popularion. More looting came later as more Spanish arrived and stated looting burial sites of various tribes not just Inca.

Crow.
 

Thank you Crow and Colombiapictures for contributing. So as far as Peru goes and perhaps also Mexico the time period for transport of the spoils of conquest would be extended, possibly as far as the 1550s or a bit longer before wide spread melting of metal began. I did not think of the Welser's colony, thanks for pointing that out CP.

CP, you state:

This is one hoard that never reached Europe.
What happened to it?

Did you mean to attach a document providing further details of this hoard you speak of? The 2 documents discuss the Wesler Colony in context of German colonial history and Spanish and Wesler atrocities but make no reference to any specific hoard.
 

I got some numbers from an old German text. I will dig it up and post it, you can then Google translate it. After some difficulties in finding Spanish texts, I now got the Spanish versions of the German names of the colonizers and am looking at the Spanish archives.
The Spanish view and the German view of the events are much distorted by propaganda. English and French translations are even more distorted.
Comparing several versions, dates of the versions etc. one finds recurring numbers and repetitious accounts that have more credibility.
 

The original Welser and Fugger archives in Germany contain vast amounts of information, but I have not yet found access. Also the old German script is different from the modern script which will take me a few weeks of getting used to, even if the German language was the main language throughout my school years.
 

Tanneyhill
How many months or years of research have you done? Have you ever been to the gold museum in either Lima or Bogota?
 

My personal thought is that almost all Inca gold artifacts were melted down in Peru before being shipped to Panama. Unless we could find some in the basement of the Vatican!
 

This book about the Welser colony is selling on Amazon. It contains links to sources of the information.
 

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Here is one in spanish language, again with many references to the sources of the content.
 

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Tanneyhill
How many months or years of research have you done? Have you ever been to the gold museum in either Lima or Bogota?
Only been at this on and off for the last 2 years of which most of it was spent taking care of my paps as he had major health problems, although doing much better now. So my time has been all over the place but looking to dive deeper in all of this starting this year.

I have not been to the gold museum in ether Lima or Bogota, but I will go.

Basement of the Vatican - Spanish sent gold to the Vatican or would that be something the Jesuits did?

CP, thank you for the references to the books, I will look into it.

Yeah so I am a newbie in this, still getting my feet wet in terms of research and figuring out what direction to pursue - one thing for sure is my focus is gold, gold species and gold ornaments and jewelry (preferably in the Americas).

As such, off the top of my head the following is very interesting to me:

-Wrecks from peak gold production of Peru and Colombia - 1520s to 1560s and 1650s-1750s
-Pre-1630 Manila galleons (for the gold jewelry and ornaments)
-Portuguese wrecks with Brazilian gold (~1690s to 1780s)
-Wrecks loaded with gold bars and gold species (payment for war supplies/payroll, wealth on the move during war, etc etc)
-Special situation wrecks i.e treasure from defeat, submission or gifts like Flor do Mar (Sultan of Malacca's treasure), Cinco Chagas etc or wreck that had special VIPs aboard that went down with very specific treasure items (jewels, ornaments, gold species)
-Lisbon to Falmouth/UK route (flow of gold because of balance of payments)

The Wesler colony is also fascinating but I have not done much research into that yet.

That all said, there are only so many hours in a day, so I need to focus on 1-2 things that are most promising.

I also have one leg in technology and engineering (related to next generation search and salvage), which has been keeping me very busy.
 

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As for my initial inquiry - the consensus seems to be that the Spanish melted all of the gold prior to shipment to Spain but the inherent logic on this view ignores the chaotic nature of the period immediately after the conquest and lack of infrastructure. We know they did ship intact gold jewelry and ornaments to the King which was put on display in Seville and Brussels prior to being melted down and made into coins or bars to pay Spain's debts.

Hernán Cortes

Cortes documented his conquest of the Aztec Empire in a series of letters known as the Cartas de Relacion, written to Emperor Charles V between 1519 and 1526. These letters provide detailed accounts of the treasures he encountered and sent back to Spain:
  • First Letter (July 10, 1519): Cortés describes the initial gifts from Moctezuma, including "a large wheel of gold" (likely a sun disk) and other gold items like jewelry and ornaments. He lists these among the treasures shipped to Spain via his deputies, Alonso Hernández Puertocarrero and Francisco de Montejo. While this letter inventories the items sent, it doesn’t confirm their condition upon arrival.

  • Second Letter (October 30, 1520): Cortés mentions additional treasures taken from Tenochtitlan, including gold objects from Moctezuma’s stores. He notes sending a quinto real (the royal fifth, or 20% of the loot) to Spain, which included gold items like jewelry and decorative pieces. Contemporary accounts, such as Bernal Díaz del Castillo’s The True History of the Conquest of New Spain, corroborate this, describing items like golden collars, bracelets, and feathered ornaments.
However, while these letters prove Cortes shipped gold jewelry and ornaments, many of these items were melted down. For instance, the treasure from 1519 reached Spain and was displayed in Brussels in 1520, where artist Albrecht Dürer marveled at "a whole golden sun" and other "wonderful things." Yet, historical records suggest most were later smelted for coinage or to pay Charles V’s debts, meaning few survived intact.

Francisco Pizarro

Pizarro’s conquest of the Inca Empire similarly involved documented shipments of gold, including jewelry and ornaments, though his illiteracy means we rely on accounts written by others, such as his brother Hernando Pizarro and royal scribes:
  • Hernando Pizarro’s Letter (1533): After capturing Atahualpa in 1532, Francisco Pizarro extracted a massive ransom—over 6,000 kg of gold, including jewelry, masks, and sun disks. Hernando Pizarro, tasked with delivering the quinto real to Spain, sailed in 1534 with a shipment valued at over 164,411 gold pesos, plus silver. His reports and the accompanying manifests detail items like "golden seats" and "statues of children," suggesting some ornaments were shipped intact. However, upon arrival in Seville, the Casa de Contratación recorded these treasures, and within a month, most were melted down for their gold content.

  • Atahualpa’s Ransom Documentation: Chronicles like those of Pedro Cieza de León and Francisco de Xerez (Pizarro’s secretary) describe the ransom’s composition—vases, jewelry, and ceremonial objects. While these were shipped to Spain, the emphasis was on their gold value, not preservation as artifacts.
Proof of Shipment:

The Cartas de Relación (Cortés) and Hernando Pizarro’s reports, alongside chronicles like Díaz del Castillo’s and Xerez’s, confirm that both conquistadors shipped gold jewelry and ornaments to Spain. Official receipts from the Casa de Contratación in Seville further corroborate arrivals.

Shipments to Spain

Cortés’s conquest of the Aztec Empire (1519–1521) involved multiple shipments of treasure, including jewelry and ornaments, sent to Spain. These were not part of the formalized Flota de Indias (established later in the 16th century) but were carried by individual ships or small groups under his command.

Hernán Cortés
  1. 1519 Fleet – First Shipment
    • Year: Departed July 26, 1519.
    • Fleet Details: A single ship, possibly a caravel named Santa María de la Concepción (though names vary in sources), commanded by Alonso Hernández Puertocarrero and Francisco de Montejo.
    • Route: Sailed directly from Veracruz, Mexico, across the Gulf of Mexico and the Atlantic to Sanlúcar de Barrameda, Spain. No overland component was needed, as Veracruz was a coastal staging point.
    • Cargo: Gold sun disks, jewelry, feathered ornaments, and silver items—Moctezuma’s initial gifts, detailed in Cortés’s First Carta de Relación. This was the quinto real plus extra tribute.
    • Arrival: Late 1519 (October or November), with treasures displayed in Valladolid and Brussels (1520) before likely being melted.
  2. 1521–1522 Fleets – Post-Tenochtitlan Conquest
    • Years: Departed late 1521 and throughout 1522.
    • Fleet Details: Multiple ships, including one led by Antonio de Quiñones and Alonso de Ávila in 1521, and another under Diego de Camargo in 1522. Exact ship names are often unrecorded.
    • Route: From Veracruz across the Atlantic to Seville or Sanlúcar de Barrameda. The treasure was collected from inland Tenochtitlan, moved overland to Veracruz by mule trains and porters, then shipped.
    • Cargo: Gold jewelry, collars, bracelets, and ornaments from Moctezuma’s treasury, per the Second Carta de Relación and Bernal Díaz del Castillo’s accounts.
    • Arrival: Reached Spain in 1522, logged by the Casa de Contratación, with most gold melted soon after.
Francisco Pizarro
  • 1534 Fleet – First Major Shipment
    • Year: Departed January 3, 1534, from Nombre de Dios, Panama (Atlantic leg).
    • Fleet Details: A small convoy of two or three ships, led by Hernando Pizarro. The flagship might have been the San Miguel or Santa Catalina, though records are inconsistent.
    • Route:
      • Overland: From Cajamarca to Paita (northern Peru), about 200–300 miles, via mule trains and Inca porters along Andean trails (e.g., parts of the Qhapaq Ñan). This took place in late 1533.
      • By Sea (Pacific): From Paita to Panama City, roughly 1,000 miles along the coast, using smaller vessels in late 1533.
      • Overland (Isthmus): Across the Isthmus of Panama (50 miles) from Panama City to Nombre de Dios by mule train.
      • By Sea (Atlantic): From Nombre de Dios to Seville.
    • Cargo: Over 164,411 pesos of gold (6,000+ kg), including jewelry, sun disks, and figurines, plus 3,000+ kg of silver from Atahualpa’s ransom, per Hernando’s reports and Francisco de Xerez’s chronicle.
    • Arrival: June 1534 in Seville, where the Casa de Contratación recorded it; most was melted within a month.
  • 1534–1535 Fleets – Subsequent Shipments
    • Years: Departed late 1534 and 1535 from Panama.
    • Fleet Details: Ships like the San Juan or Santa María del Campo, often returning supply vessels under officials like Cristóbal de Mena or Francisco de Bobadilla.
    • Route:
      • Overland: From inland sites (e.g., Cuzco) to northern ports like Paita, or later Callao, by mule trains.
      • By Sea (Pacific): Paita or Callao to Panama City.
      • Overland (Isthmus): Panama City to Nombre de Dios.
      • By Sea (Atlantic): Nombre de Dios to Seville.
    • Cargo: Additional gold ornaments and jewelry from ongoing plunder, per Pedro Cieza de León’s accounts.
    • Arrival: Throughout 1535 in Seville, with treasure steadily processed into bullion.
Cortes:

His shipments were straightforward Atlantic voyages from Veracruz, with overland transport limited to getting treasure from Tenochtitlan to the coast. No Pacific or Isthmus logistics were involved.

Pizarro:

The 1534 shipment’s overland leg from Cajamarca to Paita reflects early conquest logistics, before southern ports like Arica or Callao became prominent. Arica wasn’t used here—it was too far south and undeveloped in 1533–1534. The Pacific sea leg to Panama and subsequent Isthmus crossing were critical steps.

Shipwreck:

Cortes:

1521–1522 Shipments
  • Fate: Ships like those under Antonio de Quiñones and Alonso de Ávila (1521) and Diego de Camargo (1522) reached Spain, as evidenced by Casa de Contratación records and Cortés’s correspondence. No specific sinking is tied to these primary shipments.
  • Possible Losses: Smaller, undocumented vessels carrying supplementary treasure might have been lost. For example:
    • 1521 Incident: A ship carrying Cortés’s personal wealth (beyond the quinto real) was reportedly attacked or lost to French pirates, according to some historians like Hugh Thomas (Conquest), though details are murky. This wasn’t a flagship but a secondary vessel, and its cargo—possibly including jewelry—didn’t reach Spain.
    • General Context: The Gulf of Mexico and Atlantic were notorious for hurricanes. A 1523 storm wrecked several ships near Cuba, though these were later than Cortés’s initial hauls and not directly tied to his 1521–1522 fleets.
Pizarro:

1534–1535 Shipments
  • Fate: Subsequent shipments in 1534 and 1535, like those under Cristóbal de Mena or Francisco de Bobadilla, generally reached Spain, contributing to the steady influx of Peruvian wealth.
  • Known Sinkings:
    • 1535 – San Juan (?): A ship carrying treasure from Peru sank off the Bahamas in a hurricane around 1535, according to salvage records and later chroniclers like Gonzalo Fernández de Oviedo. While not directly tied to Pizarro’s named fleets, it likely carried gold ornaments from the ongoing plunder of Cuzco or other Inca sites. Exact cargo details are lost, but such wrecks often held jewelry and bullion.
    • Pacific Losses: Smaller coastal vessels moving treasure from Peru to Panama occasionally sank due to overloading or storms. For instance, a 1536 shipwreck near Panama (noted in Cieza de León’s accounts) lost part of a gold shipment, possibly including ornaments, though this postdates the 1534 fleet.
Broader Early Conquest Sinkings (1519–1535) - Beyond Cortés and Pizarro’s specific fleets, other treasure ships from this period sank with their booty, offering context for the era’s risks:
  • 1523 – Nombre de Dios Wreck: A ship returning from Panama to Spain sank in a storm near the Azores, carrying gold and silver from early conquests (possibly including Cortés’s secondary hauls). Divers later recovered some ingots, but jewelry—if present—was likely lost or melted beforehand.

  • 1527 – Tierra Firme Fleet: A convoy from Panama sank off Hispaniola, losing gold and pearls. While later than Cortés’s initial shipments, it reflects the vulnerability of treasure routes Pizarro later used.
So there were some wrecks from this earlier period which could have contained intact jewelry and ornaments. Anyone have any further information or resources regarding:

1) Possible wreck of Cortes personal treasures
2) 1523 - Nombre de Dios Wreck (named for its departure location in Panama) from Havana to Spain carrying treasures from Mexico (Aztec) sank in the Azores
3) 1527 - Tierra Firme Fleet - Convoy sank off Hispaniola (pre-dates Pizarro so gold would have been Tierra Firme but may also include Aztec via Acapulco as Cortes sometimes sent treasure ships to Panama via the Pacific)
4) 1535 - San Juan (?) traveling from Havana to Spain carrying treasures from Peru sank near the Bahamas in a hurricane
5) 1536 - Shipwreck near Panama (noted in Cieza de León’s accounts) on Pacific side lost part of a gold shipment
 

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1521, the melting down of the gold war already organized. The intent was to pay the royal fifth out of the plunder, before it was shipped to Spain.
 

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50,000 pesos de oro collected without any risk to the Spanish. This gold probably came from the darien region, where still today the indigenous people carry gold ornaments from gold nuggets mined/collected in the region.
 

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1521, the melting down of the gold war already organized. The intent was to pay the royal fifth out of the plunder, before it was shipped to Spain.

Right, so some of the Aztec gold was shipped to Panama (I am assuming from Acapulco but unsure if that port was already set up by then) and was melted down before transport as part of the Tierra Firme back to Spain.

But, we also know the ships that traveled via Veracruz back to Spain were carrying intact pieces of jewelry and ornaments and this could have been the case for a few years after the conquest as they did not have the infrastructure in Mexico amidst the chaos after conquest - this gold was melted down in Seville instead of before the voyage home.

The gold aboard the 1527 - Tierra Firme Fleet - Convoy that sank off Hispaniola would then very likely be in melted form if they were already melting it down in Panama in 1521.

This exercise is like trying to determine if a needle in a hay stack exists in the first place especially considering documentation was very murky during the initial years after conquest. But then again, trying to find any wreck is still an exercise of trying to find a needle in a haystack. 😂
 

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There is a lot of information on the screenshot above. For example if we compare the 50,000 pesos de buen oro with the debt of the king Charles V, of about 150,000 Guilders, we see that just this gold plundered and extorted from the Kuna indians of the San Blas islands in Panama was equivalent to one third of the king's debt.
The Welser bankers negotiated the better part of Venezuela for that debt. The actual negotiation was done by the Swiss banker Hironimus Sailer, who married a daughter of Bartholomeus Welser.

The 1527 fleet you mention would be before the Welsers arrived.

Something about today's value of that gold.
Let's say you locate one of the wrecked ships of the 1527 fleet. You recover a gold bar with the tax stamp and all the other usual markings, carat purity, assayers mark (Ovieda) etc.
If you have all the context. that gold bar would be worth about 20 to 50 times it's weight in gold.
A gold artifact, adornment or such on the same shipwreck would be worth 100 to 1000 times it's weight in gold.
Now, some people say: just melt it down and sell it in the pawnshop. The value , less cost of melt down and cost of sales, would be about 10% to 30% of its weight of gold.

Context is the key word.
 

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