A hurricane sank a Spanish fleet in 1715. This summer, salvagers found 1M in coins.

A recent discovery by 1715 Fleet – Queens Jewels LLC has uncovered over 1,000 Spanish coins off Florida's Treasure Coast, with an estimated value of $1 million. The coins originate from the 1715 Fleet, a convoy of Spanish ships that sank during a hurricane, dispersing valuable treasures into the sea. Under Florida law, treasures found in state waters are owned by the state, but salvagers can retain a significant portion after negotiations. The company will clean, document, and assess the coins, ensuring meticulous record-keeping and conservation. State officials will review the inventory and select artifacts for public display or research.

This find contributes to the ongoing legacy of treasure hunting in Florida, fostering a local industry dedicated to uncovering historical artifacts. The process of recovery and the legal framework surrounding it highlight the balance between private enterprise and state interests in archaeological preservation. The tradition of treasure hunting remains a point of pride and economic activity along the state's coastline.