Skip to content
  • Home
  • Articles
    • Archaeology & Discoveries
    • Historical Events
    • Artifacts & Treasures
    • Ancient Civilizations
    • Unexplained Phenomena
    • Mythology
  • Subscribe
© Copyright AllThatHistory - 2025
Theme by ThemeinProgress
Proudly powered by WordPress
  • Home
  • Articles
    • Archaeology & Discoveries
    • Historical Events
    • Artifacts & Treasures
    • Ancient Civilizations
    • Unexplained Phenomena
    • Mythology
  • Subscribe
AllThatHistory
  • You are here :
  • Home
  • Archaeology & Discoveries
  • Billions in Bullion: A New Search for the Lost Gold of Atahualpa
Brooklyn Museum - Atahualpa, Fourteenth Inca, 1 of 14 Portraits of Inca Kings - overall
Archaeology & Discoveries

Billions in Bullion: A New Search for the Lost Gold of Atahualpa

Allthathistory December 23, 2024

The lost treasure of Inca Emperor Atahualpa is considered among the most important and valuable in history. And now a new team have ventured into the Ecuadorian Andes to try, once again, to find it.

The story, reported in Greek Reporter, hinges on the discovery of an ancient Incan road in the remote Llanganates region south of Quito, leading to an isolated lagoon. The team, led by photographer Jorge Juan Anhalzer, believe this is where the gold is hidden.

The story is one of murder, ransom and greed. Atahualpa was the last Incan Emperor, victor in a civil war that saw his people divided between the new lands around Quito and the Incan heartlands and capital of Cuzco, in the high Andes to the south.

Atahualpa won the civil war only to fall victim to the new power in the region: European conquistadors. Ambushed at Cajamarca in Peru by a small Spanish force under Francisco Pizarro, Atahualpa was captured, his army scattered and his court and government put to the sword. The Incan Empire would never recover from this last, mortal blow.

  • Chernobog and Belobog, the Slavic Gods who Don’t Exist?
  • The Wild Life and the Ridiculous Death of Pythagoras
Read moreThe Cave of Hebron: Tomb of the Patriarchs?

Atahualpa himself was not killed in the ambush however, but instead put to ransom, promising to fill a room with gold and another with silver to secure his freedom. The ransom was gathered from Atahualpa’s strongholds to the north and the Incan general Rumiñahui was charged with bringing it south to Pizarro.

Rumiñahui was said to have been transporting this enormous ransom south when news reached him in the vicinity of Quito that Pizarro had not waited, and instead had killed his master. The general hid the literal king’s ransom he was transporting somewhere in the region, but it was never clear where.

The landscape in this part of Ecuador can be extremely challenging. The passes between the coast and the interior across the spine of the Andes are precipitous and infrequent, and much of the mountain range here is a series of switchbacks, inaccessible peaks and hidden forested valleys.

Anhalzer and his team drew on the local rumor and stories about the lost treasure which built up down the centuries. Part of it was said to have been thrown into a lake to hide it, for example.

Read more3,000 Year Old Sword of a Pharoah Discovered in Egypt

Perhaps the most important clue for this expedition however was the so-called “Map of Valverde.” That is correct, this is story with a literal treasure map. The Incan road and the lagoon at its end match the map, and it is this that leads the team to believe that they have found the treasure.

This expedition did not have the finances to search the lake, but it is hoped that a follow-up expedition may be able to confirm their belief. Is the lost treasure of Atahualpa, golden idols and billions in bullion, found at last?

Maybe.

Original Piece: https://greekreporter.com/2024/12/21/new-search-inca-emperor-atahualpa-gold-treasure-ecuador/.

Header Image: A new expedition into the Ecuadorian Andes believes it has found Atahualpa’s gold. Source: Brooklyn Museum / Public Domain

You may also like

Ancient Rock Carvings Uncovered in Ecuador Point to Shared Amazonian Cultural Traditions

Stolen Hercules Fresco Finds Its Home After Decades in U.S. Collection

Ancient Rock Art in Texas-Mexico Borderlands Endured 4,000 Years

Were Wolves Kept and Nursed by Ancient Seal Hunters?

Ancient Peruvians Survived Climate Catastrophe Through Adaptation, Not War

Peru’s Mysterious “Band of Holes” May Have Been Ancient Marketplace and Accounting System

Allthathistory
Written by Allthathistory

Tags: conquistador, Ecuador, Inca, Pizarro, ransom

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Ancient Rock Carvings Uncovered in Ecuador Point to Shared Amazonian Cultural Traditions
    Archaeologists have identified a panel containing approximately 30 ancient rock carvings in Santiago de Méndez canton, Morona Santiago province, marking
  • Stolen Hercules Fresco Finds Its Home After Decades in U.S. Collection
    Archaeologists at Pompeii have identified the original location of a looted fresco fragment depicting the infant Hercules strangling serpents, solving
  • Maya Medical Systems Used Living Organisms as Precision Surgical Tools
    Maya medical systems deployed living organisms as precision surgical tools centuries before germ theory existed. Recent archaeological evidence shows these
  • Ancient Rock Art in Texas-Mexico Borderlands Endured 4,000 Years
    Hunter-gatherers in what is now southwestern Texas and northern Mexico created rock art for more than 4,000 years, maintaining consistent
  • The Thermal Engineering Behind Tiwanaku’s Agricultural Success
    At nearly 3,850 meters above sea level, frost arrives almost nightly on Bolivia’s Altiplano. Modern visitors struggle to breathe. Yet
The Gnostic Gospels
Encounters at the Heart of the World: A History of the Mandan People
Substack Articles

Latest from AllThatHistory Weekly

What Sank to the Bottom of a Swiss Lake 2,000 Years Ago

What Sank to the Bottom of a Swiss Lake 2,000 Years Ago

In November 2024, the Cantonal Office of Archaeology of Neuchatel was conducting routine aerial monitoring of the lakebed when a photograph revealed something that did not belong there.

Read More →
13,000 Years Ago, Someone Painted a Bison in the Dark. We Just Found Out When.

13,000 Years Ago, Someone Painted a Bison in the Dark. We Just Found Out When.

The Font-de-Gaume cave sits in a limestone hillside near the town of Les Eyzies in the Dordogne region of southwestern France.

Read More →
The War Horn That Made Roman Soldiers Flinch

The War Horn That Made Roman Soldiers Flinch

In the summer of 2025, during a routine archaeological excavation ahead of a housing development in West Norfolk, England, a construction site turned up something unexpected.

Read More →
Britain Wasn’t Always an Island: The Drowned World Beneath the North Sea

Britain Wasn’t Always an Island: The Drowned World Beneath the North Sea

The North Sea was not always there. Before the water arrived, before the English Channel cut Britain off from continental Europe, there was land. Dry, forested, inhabited land.

Read More →
Iran-War: Near Middle East Burning – Ancient History Repeating?

Iran-War: Near Middle East Burning – Ancient History Repeating?

Watching the Iran-war in the Near Middle East region, our news screens project scene after scene of ominous dark smoke billowing from yet another target hit by an airstrike. The first week of April 2026 heralded the announcement that airstrikes on Isfahan in Iran and southern Lebanon has increased.

Read More →
When Spices Were Worth More Than Gold

When Spices Were Worth More Than Gold

In 410 CE, when the Visigoths besieged Rome, they demanded ransom: gold, silver, silk, and 3,000 pounds of pepper.

Read More →
❮
❯

Subscribe to receive our newest archaeology articles, long-form investigations, and historical insights directly in your inbox.

© Copyright AllThatHistory - 2025