Gold worth more than $1 million found off Florida coast

Posted at 6:42 PM, Jul 29, 2015
and last updated 2015-07-29 18:42:13-04

We've struck gold!!

A family of treasure hunters said they've recovered more than $1 million in booty from a Spanish shipwreck in 1715 off the Florida coast.

Queens Jewels, LLC, a historic shipwreck salvage operation, recovered 51 gold coins and 40 feet of ornate gold chain.

The most important piece of their find was an extremely rare coin called a Royal, which was made for King Phillip V in 1715.

The treasure hunters believe the gold from the Spanish galleons could be worth $400 million including the Queen's Jewels.

(Credit: CNN News Wire)