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Treasure Coast Discovery: $1M in Historic Spanish Coins

10/3/2025

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Summary

Story summary

Queens Jewels, LLC recovered over 1,000 Spanish coins off Florida's Treasure Coast, valued at $1 million.
The coins originate from Spanish colonial mints in Bolivia, Mexico, and Peru, linked to the 1715 Treasure Fleet.
Sal Guttuso described the find as historically significant. Florida law requires 20% of artifacts to be retained by the state for research or display.

History

Historical Context

In 1715, the Spanish Treasure Fleet, comprising ships returning from the Americas, sank off Florida's coast during a hurricane, resulting in the loss of approximately 14 million pesos in silver. The recovery of over 1,000 coins valued at $1 million emphasizes the legacy of Spanish colonialism and the significance of maritime archaeology in understanding historical trade dynamics and cultural heritage preservation efforts.

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Story summary

Queens Jewels, LLC recovered over 1,000 Spanish coins off Florida's Treasure Coast, valued at $1 million.
The coins originate from Spanish colonial mints in Bolivia, Mexico, and Peru, linked to the 1715 Treasure Fleet.
Sal Guttuso described the find as historically significant. Florida law requires 20% of artifacts to be retained by the state for research or display.

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