Treasure Hunters Find 300-Year-Old Silver Coins Worth Thousands of Dollars on Florida Beach

A group of treasure hunters have found 300-year-old silver coins worth thousands of dollars buried on a Florida beach.

Jonah Martinez and two other friends found 22 coins on Wabasso Beach in Indian River County, Florida, WPTV reported.

Martinez and his friends were using metal detectors to scan the beach on Friday night, when he got a hit.

The friends recovered the coins, estimated to be worth around $5,000, along with several other items from sunken Spanish ships.

"When you pick up anything from these wrecks, you know you're in the right place at the right time," Martinez told the station.

"It's very special when you find something like that," said Martinez. "It's very unique and it's very romantic."

But the discovery is actually not the biggest for Martinez and his friends. They've also found belt buckles, daggers, cutlery, porcelain and other household items during their hunts for treasure.

The value of all the lost treasure they've found is around $13 million, according to Martinez. But he told WPTV that he and his friends don't sell their finds for profit. Instead, they either keep what they find or donate them to museums.

Martinez, who has been hunting treasure for around 24 years, said: "I don't sell any of our coins. It's like a piece of history."

Jeremy Prouty, who was one of the three who made the discovery, said storms and severe weather are the perfect time to hunt for buried treasure.

"During [2004 hurricanes] Frances and Jeanne, I didn't sleep for three days," he told WPTV.

Martinez added that storms end up moving the light material, while dropping heavier things.

The coins and other items are thought to be from a 1715 wreck near Sebastian, Florida. Eleven Spanish ships were on their way back from a trade voyage in Cuba when a hurricane hit them.

Nichole Johanson, the director of the Mel Fisher Maritime Museum, told CNN: "A hurricane came and pushed them all onto the reefs of the Treasure Coasts. And that is why we are called the Treasure Coasts, because of these shipwrecks."

She said the coins started being found on beaches in the 1950s and treasure hunters have been coming across them ever since.

Johanson's own grandfather was the main salvager of the shipwrecks and she believes there's more treasure to be found off the coast of Florida.

The museum has been contacted for additional comment.

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Stock photo. A group of treasure hunters found 300-year-old silver coins worth thousands of dollars on a beach in Florida. Getty