Treasure Found On Ocean Floor Worth $1 Million

More than $1 million in gold that has sat on the floor of the Atlantic Ocean for nearly 300 years has finally resurfaced, thanks to a team of Florida treasure hunters.

The shipwreck has been excavated before, but this particular find uncovered 60 gold artifacts from the area where eleven Spanish ships sank on July 31, 1715. Previous excavations have turned up other important pieces, giving the stretch of Florida coastline the name Treasure Coast.

Florida-based company Queens Jewels owns the rights to the exploration of the wreck and announced the find on Monday. The gold treasure was discovered by the Schmidt family, who were subcontracted to salvage valuable pieces from the wreckage.

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