A significant discovery has been made off the coast of Florida—a long-lost Spanish coin estimated to be worth $1 million was found during underwater drilling of a shipwreck. This discovery was announced by the Shipwreck Salvage Company 1715 Fleet – Queen’s Jewels LLC, which conducted the excavation near Sebastian, Florida, in an area often referred to as the “Treasure Coast.”
This sunken fleet of Spanish ships included many treasures collected from the New World on its return to Spain. According to reports, a major hurricane struck these ships on July 21, 1715. The gold and silver coins believed to be minted in Bolivia, Mexico, and Peru are centuries old, giving them a remarkable historical significance.
The company explained that the condition of the coins suggests they originated from a single chest or part of a shipment, likely lost when waves surged over the shipwreck amid the hurricane’s fury. Sal Guttuso, the operations director, emphasized that the find is more than just treasure; it tells a rich story of the past.
He remarked, “Recovery is rare and extraordinary,” and highlighted that each coin connects to those who lived during the peak of the Spanish Empire’s influence.
The Treasure Coast consists of several counties, including St. Lucie, Martin, and Indian River, and is well-known for previously yielding many treasures since the 1600s. After the recovery, the coins will undergo preservation; Florida law stipulates that up to 20% of artifacts recovered under state permits are kept for public viewing or research, with the rest distributed to the salvage team.
Guttuso noted that every discovery contributes to understanding the human stories related to the 1715 fleet. He reassured that they are committed to preserving these artifacts for future generations to appreciate their historical importance.
