THE LEGEND: Two sunken ships, the Espiritu Santo and the San Esteban, along with a companion ship the Santa Maria de Yciar, which also sank after being run aground, carried a small fortune in gold and goods enroute from Vanuatu.
Legend has it that one man and one man only survived to tell the story. By the time salvage ships arrived, much of the valuable cargo was gone however, washed away by the rising tides or swallowed by the shifting sands.
Then, in the 1940s, a dredging crew ran right over one of the wrecks, the Santa Maria De Yciar, throwing coins along both sides of a several hundred foot section of channel while working on the Mansfield Cut project.
From time to time, beachcombers turn up old Spanish artifacts or relics. But the larger cache of the lost Spanish treasure remains aloof and hidden. Occasionally a treasure hunter will report finding a wooden bow or rusted anchor rising out of the great sand dunes, only to fail at returning to the exact point of discovery because the sands have recovered their hidden secrets once again.
One such treasure, said to be cursed found it's way to Australia carried by an antique collector. Then, without a trace, both disappeared... well most of it's true.