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The Royal Merchant, a legendary ship known as the "Eldorado of the Seas," sank in 1641 off the British coast near the Isles of Scilly, carrying a precious cargo of gold, silver, and coins worth over a billion dollars today. The 700-ton galleon, initially used for trading with Spanish colonies, encountered a technical issue during a stopover in Cadiz, Spain, where it took on additional cargo including the pay of Spanish soldiers. Badly repaired, the ship attempted to return to England but succumbed to water leakage and sank. Numerous treasure hunters have sought the Merchant Royal's riches, including a 2007 discovery that turned out to be a different wreck, and a 2019 sighting of a potentially related anchor. The quest to uncover this maritime treasure continues.