When you buy through linkup on our site , we may make an affiliate commission . Here ’s how it work .

According to the Florida Fish and Wildlife Conservation Commission ( FWC ) , salvage operators contracted to investigate Spanish shipwrecks near Vero Beach , report half the historic coins they found and illegally withhold data about the other half .

The historical wreck were laden with treasure , as the Spanish were carryinggoldand smooth-spoken from the " New World " to Spain to help oneself pay for the res publica ’s costly wars , according to the1715 Fleet Society , a Pennsylvania - free-base nonprofit that researches the fleet .

Set of gold coins recovered from historic shipwreck

A set of 37 gold coins stolen from a 1715 shipwreck off the coast of Florida was recovered recently.

On July 24 , 1715 , thefleet of Spanish gem shipsleft Havana , Cuba , channelize to Spain . When the fleet hunt down into a hurricane off the east slide of Florida mean solar day later on , 11 of the 12 ship dip . Hundreds of sailor died and over $ 400 million worth of atomic number 79 and silver went down with the ships .

Three centuries later on , phallus of the Schmitt family , sign to salvage artifacts from the shipwrecks , made headlines whenthey harbinger they had find out 51 atomic number 79 coins and 40 feet ( 12.2 meter ) of gold chain worth over $ 1 million .

The Schmitts , however , did not disclose the other 50 coin they observe .

Gold coins and gold chains against a black background

Gold coins and gold chains were recovered from the 1715 shipwreck.

Related : Which Is Rarer : Gold or diamond ?

FWC investigators worked with the FBI to figure out that Eric Schmitt , who worked for his kinsfolk ’s company , the Fort Pierce - based Booty Salvage Inc. , planted three of the lift amber coin on the sea flooring in 2016 so that investors could discover them . Schmitt also sold several of the coin between 2023 and 2024 to auction sale houses and private individuals , according to an FWCstatement .

In all , FWC has recuperate 37 of the 50 coins that the Schmitts stole from the 1715 Fleet wreck .

A pile of gold and silver coins

— $ 17 billion wreck near Colombia is remarkably keep , new photograph reveal

— 32 haunting shipwrecks from the ancient world

— ' It is a treasure ' : crash off Kenyan glide may be from Vasco da Gama ’s final voyage

The coin hoard, amounting to over $340,000, was possibly hidden by people fleeing political persecution.

" This case underscores the grandness of safeguard Florida ’s rich cultural inheritance and harbour accountable those who essay to profit from its development , " FWC Investigator Camille Soverel said in the statement .

The recuperate coins will now be returned to their rightful custodians , fit in to FWC . Investigators continue to act on recovery of the rest 13 slip coins .

a diver examines a shipwreck

Lower jaw bone of a tapir, which might represent a new species (left) and ancient armadillo fossils arranged in a partial reconstruction of the animal’s foot (right).

A man with long dark hair tied back in a ponytail kneels on his left knee on the ground. He aims a black camera at the ground. In the background, old walls and dirt.

A cat sleeping on a ship

Circular alignment of stones in the center of an image full of stones

Three-dimensional rendering of an HIV virus

Remains of the Heroon, a small temple built for the burial cluster of Philip II at the Museum of the Royal Tombs inside the Great Tumulus of Aigai (Aegae)

a close-up of a handmade stone tool

a wrecked car underwater

an illustration of a base on the moon

An aerial photo of mountains rising out of Antarctica snowy and icy landscape, as seen from NASA�s Operation IceBridge research aircraft.

A tree is silhouetted against the full completed Annular Solar Eclipse on October 14, 2023 in Capitol Reef National Park, Utah.

Screen-capture of a home security camera facing a front porch during an earthquake.