Photo: Booty Salvage
A family of life-long treasure hunters has just made their largest discovery, long lost Spanish gold.
Rick Schmitt and his family have been active treasure hunters for decades, with their largest bounty valued at $25,000 found back in 2002.
This time they found three pounds of gold chains, five gold coins and a gold ring estimated to be worth $300,000. The bounty was found 15 feet under water near the coast of Fort Pierce, Florida while they were aboard their “AARRR Booty” boat.
It is believed the gold treasure is some 300 years old and came from one of the 11 Spanish galleon ships that went down during hurricane season back in July, 1715.
The treasure hunting family includes 65-year-old Schmitt, his wife Lisa and their children, son Eric and daughter Hillary. Back in 2002 Eric located a 300-year-old Mexican silver platter near Florida’s Sebastian Inlet. Schmitt has been treasure hunting in some form or another since the 1960’s.
The state will keep up to 20% of the treasure, under new Florida laws, which will be displayed in a local museum. The Schmitt family will also have to share the loot with the company that holds the local diving rights to the area.