Capt. Greg Bounds of the Capitana, which hunts for jewels off the coast of Wabasso Beach on behalf of salvage company 1715 Fleet Queen's Jewels, said he was exhilarated to find the 48 gold coins Saturday, WPTV, West Palm Beach, Fla., reported Monday.
"A lot of times, it's beer cans, fishing weights, just garbage," Bounds said.
"You go out every day, hoping that it's gonna happen, and a lot of times it doesn't," Bounds said. "But when it does, it's just amazing, the feeling that you get."
Brent Brisben, owner of 1715 Fleet Queen's Jewels, said there is a lot of treasure to find in the area.
"Eleven Spanish galleons, loaded with treasure, were sunk along the coastline out here by a hurricane" in 1715, Brisben said. "That's what gives us the Treasure Coast."
Brisben said the find is worth nearly a quarter of a million dollars.