On July 24, 1715, from the port of Havana, the Indies Fleet He left for Spain. The holds of the ships kept treasures of incalculable value that the Spanish had collected in the ‘New World‘, but everything was cut short a few days later. On the 31st, a hurricane sank eleven of the twelve ships, and that treasure of hundreds or billions of euros was lost.
But not forever, since we just found a part. And the big question is the same as always: now… what.
In search of treasure. It is estimated that 1,500 sailors lost their lives, but it was also one of the events that triggered one of the golden ages of piracy in America. Among the riches there were chests with coins and silver ingots, silver chests, others loaded with jewels and precious stones, as well as pearls, emeralds, porcelain and ingots of both gold and silver. It is estimated that the burden would be equivalent to more than 400 million current dollars.
Taking all this into account, it is no longer so strange to think that the Indies Fleet of 1715 was the objective of the treasure hunter of the time. The Spanish tried it first, who claimed to have found 80% of the treasure. The problem is that it is not clear that the amount was that and the news spread like wildfire, causing the pirates and privateers will carry out attacks trying get hold of the loot recovered.
Coins on the beach. Some were successful, but much of the treasure was still somewhere in the waters of the Caribbean. A couple of centuries later, a retiree named Kip Wagner began finding Spanish coins near his home on the beaches of Florida. None were dated after 1715, so he began to wonder. His suspicions were confirmed when he found an 18th-century map detailing the sinking.
He founded the Real Eight Company to search for the treasure, and eight NASA and Air Force divers recovered a couple thousand pieces in a single day. It was clear: the treasure of the Indies Fleet It was there. As usually happens in these cases, treasure hunting companies began to become interested, and the protagonist of this story is 1715 Fleet Queens Jewels.
We have found it. They have exclusive “salvage” rights, so they are the only ones who can carry out inspections to recover the treasures and, in the summer of 2025, an expedition carried out the great advertisement: More than 1,000 silver reales and five gold coins minted in the Spanish colonies of Mexico, Peru and Bolivia had been recovered.
Some are completely eroded, but many others preserve mint marks -inscription indicating where it was manufactured- and the date, so they have directly become a valuable historical testimony. It is estimated that they all come from the same chest of the dozens that sank that day and it is a unique discovery, since finding a handful of coins is common, but a thousand at once is something much more unique.
A good loot. The value of what was found has been estimated at one million dollars, but beyond the coins, a royal lead seal with the impression of the king Philip II. There is still much more at the bottom of the ocean. Despite 70 years of systematic searching, it is estimated that there are at least three ships from the fleet that are still missing, being the next targets of 1715 Fleet.
Who keeps it? Sal Guttuso is the company’s director of operations and comments that what was found is “a tangible link with the people who lived, worked and sailed during the Golden Age of the Spanish Empire”, but beyond the romanticism, the big question is who gets the treasure.
As they have been found in Florida state waters, its legislation establishes that any treasure considered “abandoned” belongs to the state. However, if you do not want to take charge of the search efforts, Florida grants permits to qualified organizations for exploration and recovery.
Thus, it establishes that “salvers” can retain 80% of the recovered artifacts, while the remaining 20% are cleaned, documented and preserved in educational collections and public exhibitions. According to 1715 Treasure Fleet, after cataloging them, some pieces will be exhibited in local museums in Florida. The next thing is to see what happens with future expeditions… and if the Flota de Indias treasure ends up causing a international earthquake like that of the San José galleon.
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