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Florida Family's $300K Find: Underwater Gold

Florida Family's $300K Find: Underwater Gold
Posted September 3rd, 2013 @ 11:49am by Matt Cantor, Newser Staff

(NEWSER– A 65-year-old Florida man has spent his life searching for treasure off the coast—and Rick Schmitt and his family have just made their biggest-ever discovery. Some 150 yards off the coast of Fort Pierce, and about 15 feet underwater, the Schmitt family found 64 feet of gold chain, five gold coins, and a gold ring; the haul has been valued at an estimated $300,000, the Orlando Sentinelreports. It's about 300 years old, leftover from 11 Spanish ships that went down in a hurricane in 1715, earning the area the nickname "Treasure Coast."

Photo: Booty Salvage/Splash News

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