$1 million worth of treasure found by a family in Florida

Capitan-General Don Juan Esteban de Ubilla and his flagship, the Capitana, sank in 1700s en route from Cuba to Spain along with 10 other ships and all of its crew also perished underwater along with them.


The interesting part is the cargo that this ship had on board. A Florida family recently found out the wreckage and discovered close to $1 million worth of coins and other valuable stuff.

1 The Capitana and its history

The Capitana was a Spanish ship captained by Capitan-General Don Juan Esteban de Ubilla and had 10 more ships in its fleet. The fleet sank in the Atlantic somewhere around 1715 long with all its treasures and cargo.


It is estimated that the cargo contained jewels belonging to Spain and the royal family. The total estimated worth of the cargo of the ship is still to be determined, but the value is to exceed $10 million in today’s worth.

The Capitana and its history

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2 The Schmitt family’s discovery

The Schmitt family of Florida, who are professional treasure hunters, recently discovered the valuable cargo of the ship off the coast of Miami, near Fort Pierce.

Couple Rick and Lisa, along with their 2 sons and daughter-in-law hunt for sunken treasures and their son Eric found the cargo in June 2013. Brent Brisben, whose company, 1715 Fleet- Queen Jewels LLC owns the right to the wreckage confirmed the find. He said that he withheld the news of the find to coincide the news with the 300th anniversary of the sinking of Capitana and 100 of its galleons, which were sunk by a hurricane.

The Schmitt family’s discovery

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3 The contents of the find

Brisben further revealed the contents of the find. The Schmitt family found 51 coins made of gold, a 40 feet ornate gold chain and a single but very rare gold coin called the “Tricentennial Royal”, which was specially minted for the king of Spain at that time, Phillip V and it is said to be made in 1715.


The gold chains are made of small, handcrafted, two-sided links of six-petaled olive blossom flowers. Such chain ornaments were called money chains. These money chains were used as a tax-free coinage back in 1700s.

The value of the Tricentennial Royal coin is a million dollars in itself. The state of Florida will take 20% of the coins for display in the museum according to the law of the state, while the rest will be equally divided between Brisben and the Schmitt Family.

The contents of the find

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4 More ships and treasures remain under the sea

Brisben’s company 1715 – Fleet Queen Jewels LLC has said to positively identify 6 of the 11 ships in the sea. Brisben said that 5 ships are yet to be found, but the total value of the treasure is said to be more than $400 million.

More ships and treasures remain under the sea

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