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The Princess Louisa, a huge East Indiamen ship, was lost in April 18th 1743 on Galleons Reef, in the treacherous waters off of the Cape Verde Islands, near the Isle of May. Her holds carried Spanish Colonial cob coinage, from the mints of Potosi, Bolivia and Lima, Peru. These coins were to be used to purchase silks, spices, and other valuable eastern items. Her tragic loss left a treasure lying undiscovered on the ocean floor for more than 250 years.