The flagship of the Armada del Mar del Sur sailing from Peru to Panama was Jesus Maria de la Concepcion. Affectionately referred to as La Capitana. The largest galleon built for King Philip IV at this time, she was lost on October 26, 1654 after a navigational error caused her to strike a submerged reef near Chanduy, Ecuador. Her cargo consisted of 3 million pesos represented by 2,212 silver bars and 216 chests of silver coins, many of which were unregistered.

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