What's Happening?
A shipwreck salvage company, 1715 Fleet-Queens Jewels LLC, has recovered over 1,000 silver coins and five gold coins from a 1715 Spanish shipwreck off the coast of Florida, valued at approximately $1 million. The discovery is part of a larger treasure lost when a hurricane struck a fleet transporting riches from the New World to Spain. The coins, known as 'reales' and 'escudos,' were found by Captain Levin Shavers and his crew. The company holds exclusive salvaging rights to the shipwreck, which is considered one of the most significant maritime tragedies in history.
Why It's Important?
The recovery of these coins not only represents a significant financial find but also provides a tangible connection to a historical event. The 1715 shipwreck is a key part of maritime history, and the coins offer insights into the trade and economy of the Spanish Empire during that era. The discovery highlights the ongoing interest and efforts in underwater archaeology and treasure hunting. It also raises questions about the ownership and distribution of such finds, as federal and state laws govern the rights to recovered artifacts.
What's Next?
The recovered coins will undergo conservation before being displayed to the public, with plans for select pieces to be exhibited at local museums. The salvage company will continue its operations, potentially uncovering more artifacts from the shipwreck. Legal proceedings will determine the distribution of the treasure, with a portion going to the state and the remainder divided among the salvage crew. This find may inspire further exploration and interest in the Treasure Coast, known for its historical shipwrecks.
