Treasure hunters discover $1m in silver and gold coins off Florida coast

Valuables were being transported in 1715 from American colonies when a hurricane wrecked a Spanish fleet

Hidden beneath the turquoise waters off a stretch of Florida known as the treasure coast", a team of divers from a shipwreck salvage company have uncovered exactly that - a load of long-lost Spanish treasure they estimate is worth $1m.

More than 1,000 silver and gold coins thought to be minted in the Spanish colonies where Bolivia, Mexico and Peru now sit were uncovered this summer off Florida's Atlantic coast, 1715 Fleet-Queens Jewels LLC announced this week.