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Updated 14:10 24/02/20

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U.S. divers find $4.5 million of gold coins

Adam Pike, News Editor
24 Aug 2015, 11:02 a.m.

Treasure hunters have found $4.5 million of gold coins off the Florida coast. 350 Spanish gold coins were salvaged 300 years to the day after a fleet of Spanish ships sank while on route from Cuba to Spain.

Nine of the coins, known as Royals were minted for King Philip V and are reported to be worth £300,000 each. It is estimated a further $400 million of treasure and coins remain undiscovered on the seabed amid the wreckage of 11 ships which went down during a hurricane.

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