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Atocha Wreck Yields New Treasure
15 Jul
Summary
- A 22.5-pound silver bar found near Key West.
- This marks the first silver bar from the wreck since 1999.
- The historical artifact is valued between $50,000 and $100,000.

Centuries after its demise, the Spanish treasure galleon Nuestra Señora de Atocha has yielded a remarkable find. Divers recently recovered a 22.5-pound silver bar from approximately 50 feet of water near Key West, Florida. This discovery is the first silver bar found at the Atocha site in nearly three decades, reigniting interest in one of history's most famous treasure hunts. The artifact's estimated value ranges from $50,000 to $100,000, though its historical significance is considered far greater.
The silver bar was discovered by Captain Drake Nicholas and his crew aboard the salvage vessel DARE. Utilizing specialized equipment, divers carefully excavated the bar, which had lain on the seabed for over 400 years. It was found to be remarkably intact, featuring an assay cut made by Spanish officials in the early 17th century to test its purity.
The Nuestra Señora de Atocha, flagship of Spain's Tierra Firme Fleet, sank in a hurricane off the Florida Keys in September 1622, along with more than 260 people. Its legendary "Mother Lode" was discovered in 1985 by treasure hunter Mel Fisher, leading to one of history's richest underwater recoveries.
Historians believe that much of the Atocha's treasure, including hundreds of silver bars and thousands of coins, may still lie hidden beneath the shifting sands of the Florida Keys. The dynamic seabed, constantly reshaped by natural forces, can both conceal and reveal these ancient artifacts over time. This recent find underscores the potential for further discoveries from this historic wreck.