Treasure Hunters Find Gold Coin Trove Off Florida

BlueGin

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Jul 10, 2004
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Pretty cool. Wonder if they will find the other 5 ships.

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In July of 1715, a fleet of 11 spanish ships departed from Havana, Cuba. A hurricane struck on July 31, and all the ships sank. Fast forward 300 years, and 48 gold coins from the fleet have been discovered off the Florida coast.

Brent Brisben, who owns the shipwreck salvage company 1715 Fleet – Queens Jewels LLC, discovered the coins with a four-member crew as part of his excavation quest Saturday. A half hour into their quest, the crew was only 100 feet away from the shore when they discovered the coins.

“It’s something I will never forget,” Brisben told ABC News. “To be one of the first person to touch these things in over 300 years is amazing.”

Brisben’s company is responsible for salvaging items from the shipwrecks. He said six of the 11 ships have been discovered.

Brisben is estimating the value of the coins at $250,000, but says his archaeologist has to come in and provide the full value. He estimated that each coin is worth $4,000 to $5,000. The oldest one dates back to 1697, and the newest one 1714, he said.

Treasure Hunters Find Gold Coin Trove Off Florida - ABC News
 
I'm sure the treasure hunters realize that the IRS will come knocking on the door and they will be lucky to get away with a fraction of what the trove is worth.
 
I'm sure the treasure hunters realize that the IRS will come knocking on the door and they will be lucky to get away with a fraction of what the trove is worth.

Well...yeah. More than half no doubt. Picture was cool though.
 
Don't forget Spain will claim the treasure, so even if the IRS doesn't take their fair share, it could be years, if ever, before the finder sees anything out of it.
 
Looks like a lot of coin clipping taxes cut many of those coins way down in size.

ht_gold_coins_300_years_old_found_treasure_chest_thg_130715_4x3_608.jpg
 
I wonder just how many of these sunken treasures are found, but never get reported. The backers get paid in gold and jewels and the rest gets sold to private collectors with the finder just pocketing the cash simply because the taxes are such a pain.
 

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