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A diver research the waters off Sardinia in Italy has discovered decade of G of Roman - era bronze coins shroud in the seagrass .

The man immediately contacted the government agency about the determination , which was near the town of Arzachena . Based on the location of the hoard , expert think the stash could be connected to an undiscovered shipwreck , according to atranslated statementby Italy ’s Ministry of Culture .

A handful of ancient bronze coins.

A handful of the ancient bronze coins discovered by a diver in Sardinia.

Initial weightiness estimates put the cache at between 30,000 and 50,000 pieces . Only four were damaged , but even these arrest legible inscriptions , including engagement and side .

Related:2,000 - year - honest-to-goodness stash of Roman coins may have been hidden by a soldier during a bloody polite warfare in ItalyFurther exam by archaeologists revealed that the folles , a type of declamatory coin used in theRomanand Byzantine empires , were minted sometime between A.D. 324 and 340 and were in an " exceptional and rarefied DoS of preservation , " according to the statement .

The coin were in circulation during Roman Emperor Constantine the Great ’s reign , which lasted from A.D. 306 to 337 .

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" The treasure found in the waters of Arzachena defend one of the most significant discoveries of numismatic finds in recent years and highlight once again the richness and grandness of the archaeological heritage [ at ] the depth of our seas , " Luigi La Rocca , general music director of archeology , hunky-dory arts and landscape for the Mediterranean island , said in the statement .

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