A million dollars in coins from a ship that sank 300 years ago have been found off the coast of Florida.

A team of treasure hunters recovered more than 1000 gold and silver coins worth approximately $1 million from the seabed. They discovered them in the wreckage of a Spanish flotilla that sank more than 300 years ago, according to reports. New York Post.

Captain Levin Shavers and his crew discovered truly incalculable treasures at the wreck site of the infamous flotilla. Their ships sank during a hurricane in July 1715 off the coast of Florida. Since then, according to a press release from Queens Jewels, which holds the rights to recover the artifacts, the area has been known as the Treasure Coast.

According to the company, approximately 1000 silver reals, five gold escudos and other rare gold artifacts, hidden for centuries "under the sand and sea," were found.

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Experts estimate the value of the find at $1 million.

These artifacts were part of an estimated $400 million in gold, silver, and jewels lost when the Spanish fleet sank during its fateful voyage. Envisioned to bring the riches of the New World to Spain, the disaster became one of the greatest maritime tragedies.

Treasures buried along Florida's east coast during a storm gave the region its name, the Treasure Coast.

"This discovery is significant not only because of the treasure itself, but because of the stories surrounding it," said Sal Guttuso, CEO of Queens Jewels.

"Every coin is a piece of history, a tangible connection to the people who lived, worked, and sailed during the Golden Age of the Spanish Empire. Finding a thousand coins in a single expedition is truly exceptional," Guttuso emphasized.

The coins were minted in the Spanish colonies of Mexico, Peru, and Bolivia. More than 300 years later, they retain legible dates and mintmarks.

Experts, judging by the condition of the coins, suggest that they may have been part of a single chest or shipment of cargo that was scattered when the ship broke apart during the wreck.

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The discovered coins will undergo "careful conservation" and then be displayed in Florida museums.

"Every discovery helps reconstruct the human story of the 1715 flotilla," Guttuso added. "We strive to preserve and study these artifacts so that future generations can appreciate their historical significance."

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