Wednesday, July 29, 2015

Spanish Shipwreck Treasure - Tricentennial Royal

via livescience

"Treasure hunters off the Florida coast recently pulled up the haul of a lifetime: nearly $1 million worth of gold coins and elaborate gold chains, as well as an extremely rare Spanish coin known as a 'Tricentennial Royal.'

The treasures were hidden on the seafloor for 300 years before the crew of a salvage vessel brought them to the surface last month, on June 17. The riches were found just 1,000 feet (305 meters) offshore of Fort Pierce, Florida, according to Eric Schmitt, captain of the aptly named salvage vessel, Aarrr Booty, which was used to locate the treasure.

The ships that once carried the valuables set sail from Cuba on July 24, 1715, when the island was a Spanish colony. The ships' mission was to transport the riches below deck to Spain, which at the time was waging a war against France and was desperately in need of money to fundbattles.

But the ships never made it to Spain. A hurricane off Florida sank all but one of the 12 ships on July 30, 1715. The so-called "1715 Fleet" has been a treasure-hunter's fantasy ever since. In 2010, Brent Brisben and his father, William, obtained permits to explore the wrecks in search of sunken riches...

Included in Aarrr Booty's recent haul were 51 gold coins and 40 feet of golden chain. But the real treasure salvaged from the deep was the rare Tricentennial Royal, one of very few gold coins minted for King Philip V of Spain, according Schmitt, lead diver of the Aarrr Booty vessel's treasure-hunting expeditions.

The coin is "very round" compared to most coins salvaged from the wrecks, said Schmitt, who told Live Science that the royal coin was die-cast (made by pouring molten gold into a coin mold). Most Colonial coins from this period were made using cruder methods that resulted in less uniform shapes, according to the coin-collecting website Coinquest. The round royal coin, which is about the size of a silver dollar, is worth an estimated $500,000, according to Brent Brisben..."

Full story here.

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