Family of Treasure Hunters Finds ‘Pot of Gold’ Off Florida Coast

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People are forever looking for that proverbial “pot of gold,” whether it be a winning lottery ticket, a big inheritance, or a sunken Spanish galleon.  This story is about the latter:

gold
The company that owns the rights to the wreck released this photo of some of the haul. (1715 Fleet – Queens Jewels LLC)

(Newser) Spending your summers hunting for sunken treasure can be “monotonous” and “demoralizing,” Eric Schmitt tells the Orlando Sentinel—but the monotony is sometimes broken by a dazzling find like the one unveiled this week.

Schmitt found more than $1 million in treasure from the 1715 Spanish treasure fleet that sank off the coast of Florida during a hurricane 300 years ago this week,Reuters reports. The find about 150 feet off the aptly named “Treasure Coast” included 40 feet of gold chain and more than 50 coins, among them an incredibly rare “Tricentennial Royal,” minted for Spain’s King Phillip V, that is probably worth $500,000 on its own, WESH reports.

The find, like others Schmitt has made in the last few years, was made in around 15 feet of water, the Sentinel reports. Schmitt—who hunts for treasure from the vessel Aarrr Booty with his parents, his wife, and his sister—will split the haul with the state of Florida and the company 1715 Fleet—Queens Jewels LLC, which owns the rights to the wreckage, reports Reuters.

The company’s president tells Florida Today that the find was made last month but he decided to hold the news until the anniversary of the fleet’s sinking was near, and the Schmitts have been “beside themselves” keeping it a secret. (Relics from an older Spanish armada have been washing ashore in Ireland.)

About Post Author

Carol Bell

Carol is a graduate of the University of Alabama. Her passion is journalism and it shows. Carol is our unpaid, but very efficient, administrative secretary.
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Glenn Geist
8 years ago

I’ve lived virtually on that site for 14 years now and all I’ve found is junk.
Shortly after I arrived here a beachcomber found what looked like a brass box, but as you can guess, it wasn’t brass and it was full of Colombian Emeralds.

Yes, the stretch from the Jupiter Inlet, up to Sebastian that I and my boat know so well is called the Treasure Coast and there’s still a lot of it out there and apparently just swimming distance off the beach.

OK, I once found a quarter, but being close enough that I can hear the surf from my bedroom window I have to call it the “life isn’t fair” coast — because it isn’t. Aaaaarrrrhhh.

8 years ago

I love these sorts of things happening. Good luck to ’em I say!

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