a diver at the site of the atocha

Tales of Treasure Ships

Sunken treasure ships will never stop intriguing us.

There’s something so alluring about the idea of sunken treasure ships filled with pirate’s gold. It’s the combination of history, Pirates of the Caribbean movies, instant accumulation of wealth, and the lure of the sea. We all feel it, but it’s exceedingly rare to have it happen.

The late Mel Fisher certainly understood how it feels to make a discovery of a treasure trove.

Giant Emerald found in Key West

Off the site of the famed Atocha, off Key West, one lucky employee of Mel Fisher’s Treasures found a large emerald.

emerald from a shipwreck
Employees of Mel Fisher’s Treasures search for treasure by sifting through the sand from the ocean floor. Photo courtesy of the Miami Herald.

“This one was so big I didn’t believe it at first when I looked in my hand,” said the finder, Megan McDowell, marketing and public relations director for Mel Fisher’s Treasures. “It was like winning the lottery. I was shaking like, is this real?”

Estimated at two carats, the uncut emerald turned up as employees sifted through sand brought up from the ocean floor and onto the J.P. Magruder search vessel at the Atocha site, a spot the hunters call “Emerald City.”

an image of emerald from a shipwreck
The emerald was one of the larger found by the company. Photo courtesy of the Miami Herald.

McDowell, who lives in Key West, declined to say how much the emerald is worth because it requires an appraisal. However, McDowell says the treasure company is convinced there are 70 pounds of emeralds still on the ocean floor at the site of the Atocha shipwreck.

A little background on the Atocha

Fisher and his team of treasure hunters discovered the Spanish galleon Atocha, which sailed gold-laden from Cuba, before it sank near Florida’s Marquesas Keys in 1622.

Fisher spent over sixteen years and millions of dollars searching for and recovering the Spanish galleon Atocha off the coast of the Florida Keys in 1985.

But he was forced to spend millions more defending his salvage rights against the state of Florida, local authorities around the Keys, and the federal government.

Fisher finally prevailed in the Supreme Court in his fight for the riches that he lawfully found and brought up from the depths of the sea.

But there’s something about treasure—everyone wants a piece. Maybe you can’t have it, but you can certainly see it. The Mel Fisher Maritime Museum has some of the artifacts on display and is open to the public.

The San Jose

However, it will take years to bring up the gold and treasure contents of the San Jose that rests at a depth of more than 1,000 feet off the coast of Colombia. It’s only one of many lost vessels. Their loot is scattered across the Caribbean and the Gulf of Mexico thanks to centuries of hurricanes.

Blame the Hurricane

Off the coast of Padre Island, Texas, a storm took down three vessels in 1544—the San Esteban, Espiritú Santo and the Santa Maria de Yciar. One of the Spanish vessels was destroyed during the construction of a cut from the Gulf to the Laguna Madre in the 1940s. Another was located and then looted by treasure hunters in 1967. The third, however, was discovered. The ship’s contents were recovered by the Texas Archeological Research Laboratory. Subsequently, the Corpus Christi Museum of Science and History was named repository of the San Esteban collection.

Hurricanes are a running as a common thread for the sinking of many of these ships. Eleven Spanish galleons sunk in 1715 off the east coast of Florida near Cape Canaveral. However, only five of these ships have been located and recovered. Similarly, 22 ships sunk south of the Florida Keys in 1733 (with many still waiting to yield up their booty).

Legal Battles

The discovery of these shipwrecks often leads to controversy and inevitable legal wrangling. Understandably so: we’re talking enormous wealth reaching into the billions of dollars up for grabs.

This is certainly true of the recent discovery off Colombia. In 1981 a treasure outfit known as Sea Search Armada claimed to have located the San Jose. What ensued was a decades-long legal battle over their share of the fortunes. Many nations including the United States lay claim to percentages of recovered artifacts, with most ending up in museums.

But don’t let the law get you down. Dreaming of giving up your day job and becoming a Sunken Treasure Shipstreasure hunter? Start small. There’s always the baby step of buying a handheld metal detector and beach-combing. The sea periodically churns up Gold and other Spanish coins. Sometimes, they lie buried just under the sands of many beaches, just waiting for those lucky few to catch that glimmer of something shiny underfoot.

By Erin Brennan, July 2019

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