Florida company Queen Jewels made the monumental discovery on July 31, which also happened to mark the 300th anniversary of a shipwreck of 11 Spanish ships that sank that day in 1715.
Previous excavations have turned up other important pieces from the shipwreck, giving the region of the Florida coastline its name. This one, however, was a big one.
“The historic find is what treasure-hunting dreams are made of,”
“The historic find is what treasure-hunting dreams are made of,” said Brent Brisben, the owner of Queen’s Jewels, in a press release.
The rarest and most valuable coins discovered were nine “Royals,” which date to 1715 and were designed specifically for Phillip V. King of Spain. The newly-discovered Royals represent 30% of all Royals known to exist, Brisben said.
The coins were found in shallow water — just 6-feet-deep — just off the coast of Vero Beach, meaning beachgoers there have likely been swimming alongside the coins for years.