Sebastian, Florida: Divers off Florida’s east coast have struck gold, literally, for the second time in two months.

Four crew members from the ship S/V Capitana will tell the public Thursday about how they found $4.5 million in Spanish gold coins three weeks ago.

The coins come from the wreckage of a fleet of 11 colonial Spanish ships that sunk 300 years ago off Florida’s east coast.

The loss of the ships and as many as 1,000 lives was considered one of colonial Spain’s biggest maritime disasters off Florida.

The latest discovery comes more than a month after a Florida family found $1 million of Spanish gold coins off the same coast.

In the latest discovery, the crew found nine coins called Royals that each is worth $300,000.
The fleet of ships sunk in a hurricane while en route from Havana to Spain, the salvage owner said Wednesday.

The 350 coins found on July 30 include nine rare pieces, known as royal eight escudos, which were being transported to the King of Spain, according to Brent Brisben. His company, 1715 Fleet - Queens Jewels, owns the rights to the wreckage.

Only 20 such coins were known to exist prior to the recovery of the nine royals, Brisben said.

“The gold looks like it fell into the water yesterday,” said William Bartlett, 51, the diver who spotted the haul.

Bartlett was part of a three-man crew aboard Brisben’ boat S/V Capitana when it found coins in shallow waters off Vero Beach, Florida. The search site was picked because it was close to a previous discovery.

On the same day in 1715, a hurricane tossed 11 treasure-laden Spanish galleons on to reefs off Florida’ East Coast, sinking them in the early hours the following morning.

Today, the wreckage is scattered over a wide area.

The coins found by Bartlett are part of the now-scattered treasure transported by the galleons, which have since broken up.

Bartlett said the crew used the boat propeller to blow a hole in the sandy ocean floor to reach bedrock 2.4 meters down. The salvage operation lasted five days.

Like many Florida treasure hunters, Bartlett, a Pompano Beach kitchen and bathroom remodeler, dives as a hobby.

He said he did not hunt treasure for the money, and declined to say how much he would receive under contract with 1715 Fleet-Queens Jewels.

“I’m just a guy on a boat living the dream,” Bartlett said.

Hunters like Bartlett typically work under contract with the company, which grants them a percentage of their find after the state of Florida exercises its right to 20 per cent of the haul.

The company acquired legal custodianship of the sunken fleet from the heirs of world-renowned treasure hunter Mel Fisher.