Divers recover a million dollars worth of Spanish coins in a historical shipwreck off the coast of Florida.

Divers recover a million dollars worth of Spanish coins in a historical shipwreck off the coast of Florida.


December 12, 2025 | J. Clarke

Divers recover a million dollars worth of Spanish coins in a historical shipwreck off the coast of Florida.


When Shipwrecks Refuse To Stay Quiet

The latest discovery from the 1715 Treasure Fleet isn’t just glittering proof of Spain’s lost wealth. It’s a reminder that the ocean never forgets what we drop into it. Over 1,000 coins, centuries of mystery, and a story still unfolding beneath Florida’s waves.

A Storm That Rewrote an Empire

In 1715, a fleet heavy with silver, gold, and royal jewels set sail from Havana—and promptly sailed into disaster. A hurricane shredded 11 of 12 ships, leaving roughly $400 million in treasure scattered along Florida’s coast. Historians still cringe.

File:Griffis silver fleet.jpgWilliam Elliot Griffis, Wikimedia Commons

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The Fleet That Became a Legend

Those wrecks became the backbone of Florida’s Treasure Coast, where divers have spent decades pulling history out of the sand. Even with centuries of storms, tides, and shifting seabeds, the ocean kept plenty of secrets tucked just out of sight.

File:Fort Pierce Marina.jpgJonathanPuello, Wikimedia Commons

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This Summer’s Big Discovery

Enter Captain Levin Shavers and the crew of the M/V Just Right, who scored one of the most concentrated finds in years. More than 1,000 silver reales—and a handful of gold escudos—surfaced in a single season. The kind of haul divers dream about when they pretend not to care about luck.

File:Marina in Grand Harbor, Vero Beach, Florida 001.jpgLeonard J. DeFrancisci, Wikimedia Commons

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Following the Clues Hidden in Mint Marks

Many coins still carry crisp mint marks, pointing back to Spanish colonial mints in Mexico, Peru, and Bolivia. That level of preservation suggests these coins didn’t tumble around for long. Instead, they probably spilled from one chest as the ship broke up.

File:Spanish coin found at Padre Island National Seashore.jpgNational Park Service, Wikimedia Commons

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Why Concentrated Finds Matter

Shipwreck experts know the ocean rarely keeps artifacts together. Currents scatter everything like cosmic confetti. So when 1,000 coins show up in one place, it’s a clue—a breadcrumb trail—to the ship’s final moments.

File:Divers on the wreck of the MV Treasure P9280233.jpgPeter Southwood, Wikimedia Commons

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The Treasure Coast Earns Its Name

Florida’s east coast isn’t nicknamed by accident. For generations, relic hunters, researchers, and professional salvors have combed its waters, hoping for a glint of silver or gold. The region still turns up discoveries that reshape our understanding of the past.

File:Ft Pierce FL Avalon SP beach02.jpgEbyabe, Wikimedia Commons

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Pieces of Eight and the World They Built

These silver reales—the famous pieces of eight—once powered global trade. They traveled across continents, bought spices and silk, paid soldiers, funded wars, and became the unofficial currency of half the world. Finding them today is like shaking hands with history.

File:Ferdinand VI Coin.jpgCoinman62 at English Wikipedia, Wikimedia Commons

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Gold Escudos and Their Global Journey

Gold escudos didn’t circulate as widely as silver, but they carried enormous value. Their survival in seawater for centuries feels like a minor miracle. Their reappearance makes historians almost giddy.

File:1756-Hispaniarum rex Ferdinand VI.jpgLuis Miguel Bugallo Sánchez (lmbuga), Wikimedia Commons

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“Each Coin Is a Piece of History”

Sal Guttuso of 1715 Fleet–Queens Jewels put it perfectly. The discovery isn’t just about profit—it’s about story. Every coin belonged to someone, traveled somewhere, and witnessed a chapter of the Spanish Empire. That survival alone is astonishing.

File:8 escudos Lima 1710.jpgAugi Garcia, Wikimedia Commons

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The Company Behind the Recovery

Only one company—1715 Fleet–Queens Jewels—holds legal rights to these wrecks. They operate under strict state oversight. No wild-west treasure hunting allowed. Florida takes its underwater heritage seriously.

File:Survivors' and Salvagers' Camp - 1715 Fleet Historical Marker.jpgLeonard J. DeFrancisci, Wikimedia Commons

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Legends of Royal Jewels Still Missing

Historical whispers say Queen Elisabeth Farnese’s jewels were aboard one of the doomed ships. We’re talking emerald rings and pearl earrings fit for a queen. None have surfaced. That kind of rumor keeps divers awake at night.

File:1972P53 The English Ship Hampton Court in a Gale.jpgWillem van de Velde the Younger, Wikimedia Commons

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A Closer Look at Colonial Wealth

The fleet wasn’t just carrying coins. Silver bars, royal gifts, jewels, and personal belongings were all smashed together in the chaos of the storm. To study these items is to study the machinery of empire—and the people who bore its weight.

File:Coin collectors and enthusiasts by Yogabrata Chakraborty, 2022.jpgBilljones94, Wikimedia Commons

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The Line Between Adventure and Archaeology

Modern salvors walk a careful line. Every artifact requires documentation, conservation, and respect. It’s not about grabbing glittering objects—it’s about preserving a chapter of history before the sea erases it again.

File:3D Scanning Team.pngIT Photography, Wikimedia Commons

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Conserving the Coins for the Public

Once lifted from the seabed, each coin undergoes slow, meticulous treatment. Salt, corrosion, and centuries of mineral buildup need to be removed gently, or the coin can disintegrate. Patience is the real treasure tool here.

Tima MiroshnichenkoTima Miroshnichenko, Pexels

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Where the Coins Will End Up

Plans are already underway for Florida museums to display portions of the find. Tourists will get to stare into cases filled with silver once touched by sailors who never made it home.

File:Museum of Florida History (sign).JPGMichael Rivera, Wikimedia Commons

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The Human Story Beneath the Waves

Ships don’t sink quietly. Behind every coin lies a crew, their families, their ambitions, and their final terrifying hours. The treasure is dazzling, but the tragedy is sobering.

diver beside wreck plane under the oceanMaël BALLAND, Unsplash

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Why These Discoveries Still Matter

Each new find helps historians rebuild the puzzle of the fleet’s final journey. How the ships broke apart, where the cargo drifted, and how far debris spread—every detail adds clarity to an event once clouded by chaos.

a man in a scuba suit is swimming in the waterKarl Callwood, Unsplash

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A Cautionary Tale in Every Coin

Spain’s global empire thrived on resources extracted from the Americas. These coins represent both the prosperity of the Crown and the heavy cost borne by colonized regions. History glitters, but it also casts shadows.

A person in leather armor holds a bowl filled with Roman coins, with a coin-making workshop visible in the background.alexyanez27, Shutterstock

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The Ocean Still Holds Its Secrets

Despite centuries of searching, experts insist that vast portions of the 1715 treasure remain buried under shifting sands. Nature is a careful archivist—but it’s not always generous.

File:US Navy 080610-N-8298P-052 Members of the U.S. Coast Guard Maritime Safety and Security Team Boston conduct a security dive during a Frontier Sentinel exercise.jpgU.S. Navy photo by Mass Communication Specialist 2nd Class Christopher Perez, Wikimedia Commons

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This Is Only the Beginning

Every salvage season brings new storms, new sands, and new surprises. Today’s 1,000 coins may be tomorrow’s warm-up act.

File:220711-N-IK052-1250.jpgSeaman Caroline Lui, Wikimedia Commons

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A Story Still Rising From the Deep

As long as the Atlantic keeps whispering and divers keep listening, the saga of the 1715 Treasure Fleet will continue to grow. Shipwrecks rarely stay silent forever—especially when history insists on shining.

File:220711-N-IK052-1106.jpgSeaman Caroline Lui, Wikimedia Commons

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