Treasure hunters discover gold coins reportedly worth around $250G buried off Florida coast

Published July 14, 2013

| FoxNews.com

A group of treasure hunters says they have found 48 gold coins reportedly worth hundreds of thousands of dollars buried in the sand in Florida's "Treasure Coast," where eleven Spanish ships laden with gold sank in 1715.

WPTV reports Captain Greg Bounds and his crew on the "Capitana" spend most Saturdays looking for sunken treasure in the area about 200 miles off Florida, but usually just find garbage. 

However, on Saturday Bounds discovered the 48 coins buried in the sand, thought to be valued around approximately a quarter of a million dollars, according to WPTV.

"You go out every day, hoping that it's gonna happen, and a lot of times it doesn't," Bounds said. "But when it does, it's just amazing, the feeling that you get."

Brent Bisbane, whose company 1715 Fleet Queen's Jewels owns the salvage rights to the shipwrecks, says he couldn't believe his eyes when he saw Bounds' discovery. 

"To see (Bounds) come up out of the water, and over the rail, I'll never forget, he waves us in," Brisben told WPTV. "He says, 'I think I got one more,' and he drops about fifteen in my hand."

Click for more from WPTV.com. 

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