Long-lost Spanish treasure worth an estimated $1m (£740,000) has been discovered off the coast of Florida.

More than 1,000 silver and gold coins were found by a team of specialist divers in a stretch of water aptly known as the "Treasure Coast".

It is believed they were minted in the Spanish colonies of Bolivia, Mexico and Peru - and were bound for Spain on a fleet of ships also carrying jewels back in 1715.

But the precious loot spilled into the sea when a hurricane wrecked the flotilla.

Image: Pic: AP

This is not the first such discovery to be made along the Treasure Coast, as gold coins worth millions of dollars have been uncovered by salvagers and hunters in recent years.

What makes this haul special is that dates and mint marks are still visible on some of the coins found over

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