SEBASTIAN, FL — More than 1,000 silver coins and five gold coins worth about $1 million were recovered from a off the coast of Florida, a shipwreck salvage company said.

, 1715 Fleet-Queens Jewels LLC announced that over 1,000 silver coins known as "reales" were recovered by Captain Levin Shavers and the crew of M/V (motor vessel) "Just Right" off the southeast region of Florida, widely known as Treasure Coast. Five gold coins called "escudos" were also recovered in a separate find.

The company's discovery is part of a "vast fortune carried by the fleet, which was transporting New World riches back to Spain" when a hurricane struck on July 31, 1715, according to a . The company said historians estimate that about $400 million worth of gold, silver, and jewels were lost in the storm.

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