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

Source: AP

By KATE PAYNE
Updated 4:33 PM CDT, October 3, 2025

A team of excavators has uncovered a load of long-lost Spanish coins buried for centuries under the surf and sand along a stretch of Florida known as the “Treasure Coast.”

This week, shipwreck salvage company 1715 Fleet – Queens Jewels LLC announced that its divers had found more than 1,000 silver and gold coins thought to be minted centuries ago in the Spanish colonies of Bolivia, Mexico and Peru. They estimate the coins are worth $1 million.

Over the years, millions of dollars in coins have been found — and stolen — by salvagers in a stretch of Atlantic coast from Melbourne to Fort Pierce.

Ultimately, the recent finds from this summer’s salvage season will be split between the salvage company, its subcontractors and the state of Florida, as required by state law.



Read more: https://apnews.com/article/florida-shipwreck-spanish-coins-06eb624faa87e969a98a2a90bfe34664