This paper examines how Spaniards in the sixteenth and early seventeenth centuries came to understand or imagine the pre-Hispanic Americas and Indigenous experiences of conquest through the lens of buried treasure. Drawing from treasure-hunting licenses, petitions, and chronicles, I argue that missionaries and settlers constructed narratives about Inca, Muisca, and Mexica history, with varying degrees of accuracy, to legitimize the extraction of hidden wealth. Indigenous knowledge was sought with predatory intent as the pre-Hispanic and early colonial past became a means for post-conquest enrichment. In this way, treasure hunting was a mechanism through which early modern Spaniards learned about, imagined, and thereby sought to possess the material remains of Indigenous history.