Dateline July 28, 2015: In the 1700’s, as European expeditions plied the waters off eastern North America, some of these ships were laden with gold. Inevitably some of these ships were wrecked, due to weather or battle, and their precious cargo sank along with them. From time to time, these treasure troves are rediscovered.
Found: Florida Shipwreck Gold
A trove of ancient gold coins and other artifacts was recently discovered from the wreckage of a Spanish fleet that sank off the coast of Florida 300 years ago, according to a recent article appearing in Fox News. In what must of been a horrific storm, 11 of 12 Spanish vessels en route from Cuba were sunk. The flotilla was carrying an estimated 3.5 million pesos in gold and gems.
Included in the recent find are over 50 gold coins, 40 feet of gold chain, and an exceptionally rare gold coin known as the Tricentennial Royal, of which only six are known to exist.
The recent discovery is estimated to be worth over $1,000,000, with the Tricentennial Royal valued at about $500,000 alone, according to the article.
The haul was found by a Florida man, Eric Schmitt, while on an annual treasure hunting trip with his family. The discovery was announced by a salvage company run by Brent Brisben, who maintains the rights to explore the site where the booty was found.
Under Florida law, the state will take up to 20 percent of find. The remainder will be divided between Schmitt and the salvage company.
Dateline August 22, 2105: Wow! Just one month later, another find in shallow waters off the coast of Florida! According to Fox News, a team of treasure hunters have made a second find of Spanish colonial gold coins worth $4.5 million. The find was announced by Bret Brisben, captain of the S/V Capitana and includes some 350 gold coins. Nine of these coins are “Royals”, with an estimated value of $300,000 each. According to Brisben: “People love treasure stories. It resonates with everybody — every demographic, young and old, rich and poor.” He’s right.
Collecting Shipwreck Coins
One of the beneficial aspects of coin collecting is that it puts the collector in a great position to learn history. Have a look at this post on shipwreck coins, a coin collecting niche rich with historical significance. You can get in on this niche: Amazon can be a great source for shipwreck coins. Many of the Amazon shipwreck coins are graded by professional coin services, so you know you’ll be buying an authentic piece.
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