This item was minted for King Philip V of Spain and was distinguished from other coins of the period, which are cruder, by its perfectly round shape, created when molten gold is poured into a mold. The discovery is worth nearly $1 million dollars and consists of gold coins and gold chains and also includes an extremely rare Spanish coin called a “Tricentennial Royal”. The ships have been known as the “1715 Fleet” ever since. The cargo was being transported from Cuba, then a Spanish colony, back to Spain to refill the Spanish Treasury, exhausted after the long War of the Spanish Succession. Around 1,000 people died when the ships sank. They were originally part of a fleet of 12 ships that sunk in the area in 1715 after being hit by a hurricane. According to Brisben, talking to Live Science, the company owns salvage rights to five of the eleven ships lying on the sea bed. Schmidt is the captain of a salvage vessel called the Arr Booty which was subcontracted by a company called 1715 Fleet Queen Jewels, LLC, owned by William Brisben and his son Brent. The discovery was made offshore at Fort Pierce, Florida (pictured). He was expecting it to be a beer can or something like that, but instead it was something infinitely more valuable – a long lost hoard of Spanish treasure. At a depth of about 15 foot beneath the surface, 1,000 feet (305 meters) offshore of Fort Pierce, Florida, Eric Schmitt’s metal detector picked something up. Treasure hunters exploring the waters off the coast of Florida, USA, have discovered a hoard of long forgotten treasure that has been lying on the seabed for at least 300 years.
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