CORAL ENCRUSTED CANON RECOVERED FROM SPANISH GALLEON, 2002-05-29 (photo)

A coral-encrusted canon dating from 1620 recently recovered from a Spanish Conquest-era shipwreck off Panama's Pacific Coast goes on display in Panama's National Cultural Institutein Panama City May 29,2002. Panama's de-facto Culture Minister Rafael Ruiloba told Reuters in an interview more than 30 colonial-era shipwrecksladen with treasure worth hundreds of millions of dollars are scattered along Panama's Caribbean and Pacific coasts. But Ruiloba, who heads the cultural institute, says modern day pirates posing as salvage shipping companies are looting the ships on an almost daily basis. REUTERS/Alberto Lowe TO MATCH INTERVIEW PANAMA-SHIPWRECKS REUTERS AL/SV