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October 04.2025
2 Minutes Read

Uncovering Lost Spanish Coins: The 1715 Fleet's Treasure Awaits

Ancient Spanish coins found off Florida coast in wooden chest.

A Treasure Lost to Time: The 1715 Fleet and Its Recent Discovery

In a remarkable blend of history and modern adventure, a treasure trove of over 1,000 gold and silver coins has been unearthed off the coast of Florida, bringing a century-old maritime mystery back to light. This extraordinary find, valued at approximately $1 million, occurred during the summer salvage season by the excavation team at 1715 Fleet – Queens Jewels LLC. The coins are believed to have originated from the Spanish colonies of Bolivia, Mexico, and Peru, and they were part of the ill-fated 1715 Fleet that succumbed to a hurricane on July 31 of that year. The storm tragically scattered its treasures across the ocean floor, creating a legend that has enticed treasure hunters ever since.

Unraveling History from Beneath the Waves

Every coin recovered is not just a monetary artifact but a tangible link to a rich historical narrative. Sal Guttuso, the operations director for the salvage company, emphasizes that each coin carries a legacy of the Spanish Empire during its golden age. Beyond the lure of fortune, this discovery offers invaluable insights into the individuals who navigated these waters and the cultures connected to these maritime voyages.

The Struggle for Florida's Maritime Treasures

Under Florida law, all treasure troves and archaeological artifacts found in state waters are considered state property, a fascinating legal framework that governs these salvage operations. The law stipulates that about 20% of recovered items must be preserved for public display or research, while the remaining 80% can be divided among the salvaging team. This regulatory approach not only ensures that pieces of history are preserved but also fosters a local industry that thrives on these underwater discoveries, aiding in economic growth along the Treasure Coast.

Preservation and Conservation

Once the coins are retrieved, they undergo a meticulous conservation process. The team delicately cleans each piece in a controlled environment, ensuring that the rich history engraved in every coin is preserved for years to come. This detailed process includes using advanced photographic techniques to document the specifics of each coin, including mint dates and markings, which hold significant value for historians and collectors alike.

A Call to Treasure Seekers and History Enthusiasts

The melding of past and present in this recent treasure find underscores the ongoing fascination with underwater archaeology. It invites both locals and tourists to delve into Florida's vibrant treasure-hunting legacy. For anyone intrigued by history and adventure, this story highlights the thrill of uncovering lost treasures and the importance of safeguarding our maritime heritage.

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