Treasure Trove Worth £101M Discovered Off Florida's Treasure Coast
Divers have unearthed a treasure trove off Florida's Treasure Coast, worth over £101 million. The find includes more than 1,000 silver and gold coins, dating back to a 1715 Spanish shipwreck. The discovery is one of the greatest maritime tragedies of the Americas, with historians estimating losses of up to $400 million.
The ship, believed to be the Nossa Senhora do Cabo, was sunk by pirates off Madagascar in 1721. The treasure, which includes gold and silver coins, as well as a chest worth $1 million, was part of a precious cargo that sank to the ocean depths during a hurricane in 1715. The discovery comes months after archaeologists uncovered the 300-year-old shipwreck.
The company that found the treasure, Queen Jewels, plans to display select pieces in local museums. Florida law states that treasure troves belong to the state, but excavators are allowed to retain about 20 per cent of the unearthed materials. Each coin is a piece of history and a tangible link to the people who lived and sailed during the Spanish Empire's Golden Age.
The Treasure Coast in Florida, USA, is the section of the Atlantic coast where gold and silver coins from the 1715 Spanish treasure fleet were lost in a hurricane; the specific area stretches roughly from Sebastian Inlet in the north to Stuart in the south, centered around Vero Beach. The recent discovery is a significant addition to the region's historical and cultural heritage.
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