Capt. Morgan's lost fleet found?

It may not be a $500 million golden hoard, but underwater archaeologists are nevertheless excited about finding what they believe are traces of the five ships that British privateer Henry Morgan lost off the coast of Panama in 1671.

The discovery was made at the mouth of Panama's Chagres River, near another underwater site where six iron cannons were found. Taken together, the evidence suggests that the three-century-old story of Captain Morgan's lost fleet is finally near its conclusion. 

By the time he died in 1688, Morgan was seen as one of the most bloodthirsty (and most successful) pirates in the Americas. His exploits inspired enough pirate tales to fill a dead man's chest, including the Errol Flynn movie "Captain Blood" and the James Bond novel "Live and Let Die."

Any riches that may have been on Morgan's ships are thought to be long gone, thanks to treasure hunters who have plucked gold coins and other booty from the shallow waters of the Lajas Reef. But a team of U.S. archaeologists has been working to locate Morgan's ships and help the Panamanian government preserve the remaining artifacts....