Treasure Hunters Find Over $1 Million Worth of Shipwrecked Spanish Gold off the Florida Coast

A Florida family of professional treasure hunters has struck gold after discovering over $1 million worth of coins and jewelry in a huge Spanish shipwreck from the 18th century, Florida Today reports.

The Schmitt family, who are subcontractors for treasure hunting company 1715 Fleet–Queens Jewels LLC, discovered the treasure off the Florida Coast in the wreck of the Capitana, the flagship of a Spanish treasure fleet.

The haul includes 51 gold coins, 40 ft. of ornate gold chain and a Tricentennial Royal, an extremely rare Spanish coin valued at over $500,000, Florida Today says.

This is not the first time that gold has been found in this famous shipwreck. Captained by Don Juan Esteban de Ubilla, the Capitana carried an enormous fortune in Spanish jewels when it sunk in a hurricane in July 1715, according to Florida Today, and has been the subject of books, documentaries and blog posts.

The Schmitts are seasoned treasure hunters, Florida Today adds, having first found gold in September 2013. They came across the Capitana haul last month, but the news of their discovery was withheld to coincide with the 300th anniversary of the shipwreck.

[Florida Today]