Overview

• Queens Jewels LLC and its 715 Fleet team reported recovering more than 1,000 silver reales, five gold escudos, and other rare gold items during the summer 2025 season.
• Operational director Sal Guttuso called the recovery historically meaningful, noting that many coins retain legible dates and mint marks that aid research.
• The coins were struck at Spanish colonial mints in Mexico, Peru, and Bolivia, supporting provenance analysis of the cargo’s origins and movement.
• Specialists suggest the uniform preservation indicates the pieces likely spilled from a single coffer or shipment during the hurricane that broke the vessel.
• The wreck site lies off Florida’s Treasure Coast where modern salvage proceeds under state supervision and archaeological guidelines, with the valuation placed at about $1 million.