The Spanish pirate ship, Esperanza
, loaded with plunder from Incan temples, wrecked on the atoll reefs. The crew allegedly buried the treasure beneath a palm grove on Palmyra. After being stranded for a year, they set out on three fabricated rafts. Two of the rafts were never seen again. The remaining raft was rescued by an American whaling vessel. The sole survivor of the raft died shortly after sharing the story of his ship.