A TREASURE chest worth $1 million has finally been retrieved 300 years after it sank on a Spanish ship.

More than 1,000 glistening silver and gold coins were unearthed by a team of divers just off the coast of Florida .

The jewels were uncovered in a stretch of sea aptly called the Treasure Coast and are understood to date back to 1715.

It's believed they were minted in Bolivia, Mexico and Peru and were on their way to Spain on a fleet of ships also carrying a number of jewels.

But when a hurricane struck, the precious cargo was tipped overboard - sinking to the depths of the ocean, where it remained ever since.

Historians have revelled in the golden discovery, as date and mint marks remained visible on some of the coins.

They reckon as much as $400 million worth of gol

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