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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

Divers just found this huge treasure trove off Florida’s coast

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
Down Arrow Button Icon
August 20, 2015, 10:05 AM ET
Photo courtesty of 1715 Fleet - Queens Jewels, LLC / Facebook

Divers from the U.S. just found a $4.5 million treasure trove in the depths of the ocean off Florida’s coast.

The group uncovered 350 gold coins from a Florida shipwreck from 1715, according to CNBC and Florida Today.

The publications reported that some of the gold coins were made for Spain’s King Philip V. The gold coins have an estimated worth of $300,000 each.

In fact, the $4.5 million haul may be just the beginning. There are reportedly 11 sunken ships that were lost at sea in 1715 carrying an estimated $400 million in loot. As CNBC reported, the ships were traveling from Cuba to Spain and 1,000 people died when the ships sank.

As the news organization notes:

1715 Fleet—Queen Jewels, LLC holds the salvage rights to the wreckage. Brent Brisben, one of the company’s owners, led the divers that came upon the treasure.

About the Author
By Benjamin SnyderManaging Editor
LinkedIn iconTwitter icon

Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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