Treasure hunters in Florida have found 350 gold coins worth $4.5 million.
The coins are from a fleet of Spanish ships that sank in the 18th century, BBC reports. Brent Brisben, who owns the rights to the shipwreck, told USA Today that the coins were discovered in shallow water, about 3 feet deep just 10 feet away from the shore.
Nine of the coins are known as Royals, they were made special for King Phillip V of Spain, and they’re valued at $300,000 apiece.
According to state law, Florida will keep 20% of the value.
The Most Beautifully Designed Currencies from Around the World
Read next: Gold is Crashing! No, Wait, it’s Booming! So What’s Really Going on With Gold?
More Must-Reads From TIME
- The 100 Most Influential People of 2024
- The Revolution of Yulia Navalnaya
- 6 Compliments That Land Every Time
- What's the Deal With the Bitcoin Halving?
- If You're Dating Right Now , You're Brave: Column
- The AI That Could Heal a Divided Internet
- Fallout Is a Brilliant Model for the Future of Video Game Adaptations
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time
Write to Tessa Berenson at tessa.Rogers@time.com