Treasure hunters with Mel Fisher’s Shipwreck Expeditions discovered a 55-pound copper ingot at the site of the Nuestra Señora de Atocha shipwreck off the Florida Keys. The ingot, believed to be from the 1622 Spanish treasure galleon that sank during a hurricane, has an estimated value between $18,000 and $25,000. Captain Drake Nicholas found it using a metal detector while retracing previous search areas, suggesting potential for more significant discoveries nearby.
Written locally by qwen2.5:14b on 2026-09-17,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
A treasure-hunting crew from Mel Fisher's Shipwreck Expeditions discovered a massive 55-pound copper ingot, valued at around $18,000 to $25,000, near the wreck site of the Nuestra Señora de Atocha off the Florida Keys. The Spanish galleon sank in 1622 during a hurricane while carrying a cargo of silver, gold, and emeralds on its way back to Spain from South America. Captain Drake Nicholas believes this latest find could lead to more valuable artifacts at the site. Mel Fisher initiated the search for the Atocha in 1969 and after years of recovery efforts and legal battles over rights to the treasure, his team discovered the main cargo deposit in 1985. The wreck continues to yield new discoveries decades later.
Written for “Treasure Discovery Shipwreck” on 2026-09-18,
grounded in this article and the 1 other(s) covering the same event.
A treasure-hunting crew searching a legendary 17th-century underwater shipwreck off the Florida Keys has recovered a massive 55-pound copper ingot — the latest find along a trail that its captain believes could lead to more treasure.
uncertain
captain → hunt → treasure
The ingot was found by divers with Mel Fisher’s Shipwreck Expeditions at the wreck site of the Nuestra Señora de Atocha, about 35 miles west of Key West.
asserted
ingot → find → West
The Spanish treasure galleon was on its return voyage to Spain when it sank in a hurricane off the Florida Keys in 1622 — carrying silver, gold and emeralds.
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it → sink → silver
Mel Fisher began searching for the Atocha in 1969.
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Fisher → begin → 1969
He spent years recovering artifacts from the wreck before his company prevailed in a lengthy legal battle over rights to its treasure in 1982.
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company → spend → 1982
Fisher’s team discovered the Atocha’s famed “Mother Lode,” or main cargo deposit, in 1985 — and the site still yields new finds decades later.
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site → discover → finds
Photos show the 55-pound copper ingot — or copper bar — heavily coated in marine encrustation after spending over four centuries underwater.
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ingot → show → centuries
In an August press release, Mel Fisher’s Shipwreck Expeditions said the ingot has an estimated value of about $18,000 to $25,000.
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ingot → say → 25,000
Captain Drake Nicholas was retracing an area from the salvage vessel DARE when his metal detector picked up a faint signal, he told Fox News Digital.
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he → retrace → Digital
The captain said he was following a “tight trail of coins” at the time.
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he → say → time
“Faint hits are always the most exciting because they lead to, you know, stuff very deep in the mud,” said Nicholas.
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Nicholas → lead → mud
“And I got that very faint hit.
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I → get → hit
I dug down like I always do … and it got louder, and that’s, you know, when the excitement really kicks in.”
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excitement → dig → ?
Nicholas said he initially mistook the ingot for a cannon due to its rounded shape, large size and bronze-copper coloring.
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he → say → shape
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Report → start → news
“I was so excited,” he said.
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he → say → ?
“I thought it was a cannon, but it ended up being a copper ingot, which was also very exciting.”
Though the ingot may appear ordinary to the untrained eye, Nicholas said copper was a “very precious” resource in the 1600s — especially for making the bronze cannons that the Spanish Empire relied on.
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Empire → think → that
“I believe that only certain people could actually own copper because it was making such strong cannons,” he said.
“
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he → believe → cannons
It wasn’t something [that] an everyday guy could have a stockpile of — it was more for the king and queen to make cannons.”
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king → have → cannons
To make the ingots, metalworkers “would basically dig a hole in the sand and just pour copper into it,” he said.
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he → make → it
“It would make this copper ingot or a copper bar,” added Nicholas.
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Nicholas → make → ingot
“They were very crude, not many markings on them, a lot of impurities in them, but it was copper being sent over to Spain for bronze cannons.”
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it → send → cannons
The recent discoveries have given Nicholas reason to believe the crew may be closing in on a larger concentration of treasure.
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crew → give → treasure
“The size of what we’ve been finding lately is … leading us to what I believe is the rest of the treasure,” Nicholas said.
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Nicholas → find → treasure
Part of that confidence comes from new technology that Nicholas said allows the crew to detect targets deeper beneath the dense mud covering the site.
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crew → come → site
“We’ve never really [gotten] to penetrate that mud with a metal detector to get down and find, you know, the rest of the silver bars, copper ingots and coins,” he said.
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he → get → bars
“Right now, I have 19 targets that are very interesting, very high-value targets that I’m going out after next,” added Nicholas.
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Nicholas → have → that
“And it’s a lot of digging through that mud and getting down to that level.
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it → ’ → level
But once I’m there, I’m very, very confident and excited — we’re just very excited to see where this is leading.”
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this → ’m → ?
The latest discovery follows another recent find from the Atocha shipwreck.
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discovery → follow → shipwreck
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