Florida family finds sunken treasure worth 拢200,000
- Published
Hunting for sunken treasure has finally paid off for one American family who have found $300,000 (almost 拢200,000) of gold.
Rich Schmitt and his family found Spanish gold chains and coins off the Florida coast, after years of search.
It's thought the treasure was from the wreckage of a convoy of ships that sunk in 1715 after being hit by a hurricane.
By law, the state of Florida will take some of the gold for display in a museum.
The rest will be divided between the Schmitt family and the company that owns the wreckage.
Schmitt said there was "excitement, followed by a lot of crying" after the discovery.