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Divers Recover More Than 1,000 Coins Worth About $1 Million From 1715 Florida Shipwreck

The trove will be conserved under state and federal oversight, with Florida expected to retain a portion for research and public display.

Overview

  • Capt. Levin Shavers and his crew aboard the M/V Just Right, working for 1715 Fleet–Queens Jewels, LLC, made the recovery during the 2025 summer season off Florida’s Treasure Coast.
  • Salvors reported 1,051 silver Reales and five gold Escudos, along with artifacts such as a gemstone, fragments of a gold chain and a royal lead seal, with many pieces showing legible dates and mint marks.
  • The pieces were minted in Spanish colonial mints in Mexico, Peru and Bolivia, and experts say their condition and concentration suggest they spilled from a single container, some bearing impressions consistent with burlap.
  • Custody and distribution will follow U.S. District Court procedures and Florida law, which allows the state to keep roughly 20% of recovered materials for collections or museum display.
  • Conservation and cataloging are underway, and the company says select items are planned for public exhibition as salvage work continues at the long-studied 1715 Treasure Fleet site, where an estimated $400 million was lost in the hurricane.