India, Oct. 4 -- Over 1,000 silver coins and five gold coins, worth around $1 million, have been recovered from a 300-year-old Spanish shipwreck off the coast of Florida, according to a shipwreck salvage company. A news release from salvage company Queens Jewels LLC claimed that the discovery site is located within a stretch of ocean often referred to as Florida's 'Treasure Coast.' More than 1,000 silver coins known as 'Reales' were recovered by Captain Levin Shavers and the crew members of the M/V Just Right. The organization possesses the exclusive salvage rights to the 1715 Treasure Fleet.

The coins were part of a massive fortune carried by the fleet. The ship was taking "New World riches" back to Spain when it was stuck by a disaster...