Treasure hunters find silver coins from 300-year-old sunken ship along Florida beach

WABASSO BEACH, Fla. — A group of amateur treasure hunters discovered nearly two dozen silver coins along a Florida beach from the wreckage of a fleet of Spanish galleons that sank 300-years-ago.

Jonah Martinez took up treasure hunting as a hobby about 24 years ago. During that time, he has found about $13 million worth of relics including belt buckles, daggers and porcelain.

Martinez and a group of friends were scouring the sands of Wabasso Beach last week when they uncovered 22 silver coins from the wreckage of the 1715 Treasure Fleet, which included 11 ships, WPTV reported.

"When you pick up anything from these wrecks, you know you’re in the right place at the right time," Martinez told WPTV. "We had a good feeling that we were gonna go out there and find some stuff."

Martinez estimates the coins are worth about $6,000.

The ships were returning from a mission to Cuba when they sank during a hurricane off the coast of Florida near Sebastian.

In 2015, Martinez was part of a group that found more than 300 gold coins from the 1715 wreck, a haul valued at $4.5 million, Florida Today reported.

Some treasure hunters estimate there is still hundreds of millions of dollars of gold, silver and other artifacts still waiting to be found off the Atlantic coast.

“A hurricane came and pushed them all onto the reefs of the Treasure Coasts. And that is why we are called the Treasure Coasts, because of these shipwrecks,” Nichole Johanson, director of Mel Fisher’s Treasure Museum, told WPTV. “The late ’50s is when the coins started turning up on the beaches and salvagers have been salvaging them ever since. Treasure has been found consistently.”

Martinez does not intend to sell the coins. He and his group have divvied up the items, as well as donated some to museums.

“I don’t sell any of our coins,” Martinez told WPTV. “It’s like a piece of history.”

Cox Media Group