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Gold worth more than $1 million found off Florida coast

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We've struck gold!!

A family of treasure hunters said they've recovered more than $1 million in booty from a Spanish shipwreck in 1715 off the Florida coast.

Queens Jewels, LLC, a historic shipwreck salvage operation, recovered 51 gold coins and 40 feet of ornate gold chain.

The most important piece of their find was an extremely rare coin called a Royal, which was made for King Phillip V in 1715.

The treasure hunters believe the gold from the Spanish galleons could be worth $400 million including the Queen's Jewels.

(Credit: CNN News Wire)