Treasure within a treasure discovered off Florida coast - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Treasure within a treasure discovered off Florida coast

SEBASTIAN, FL (WFLX) - A bounty within a bounty was discovered inside a 300-year-old bronze cannon that had been taken to a historical conservatory for study.

The cannon was part of a 1715 shipwreck off the Florida coast that has been studied for some time by Gold Hound LLC, a treasure hunting group. The ship was headed to Spain when it went down in a hurricane. This latest treasure discovery is valued at $500,000.

Treasure hunters said the cannon was a find in itself, a rare bronze swivel cannon used to fend off pirate enemies on the treasure ship's journey back to King Philip V.

The cannon was discovered in shallow waters - less than 15 feet deep - off of Sebastian, Florida, approximately 40 miles north of West Palm Beach. It was found alongside 22 rare gold coins.

The cannon was brought to the conservatory to preserve history, where its hidden bounty was discovered: 25 more valuable Spanish colonial gold coins, 38 silver coins and an extremely rare, 1698 Cuzco-mint coin from a Peruvian mine that operated for only a brief four months.

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