Divers Find Gold Chalice Off the Florida KeysDivers

Divers with a shipwreck salvaging concern have recovered a gold chalice while searching for the wreckage of a Spanish galleon off the Florida Keys. The ornately decorated, two handled chalice has a gold base. The upper cup portion of the golden object is decorated with intricate scrollwork etched into the gold. Blue Water ventures diver Michael LaMar discovered the golden relic underneath approximately a foot of sand 30 miles west of the southernmost Florida Key, Key West.Over twenty five years ago Mel Fisher, the late Key West treasure hunter, began the search for artifacts from the Santa Margarita, which sank in 1622. The chalice is scheduled to arrive at a Key West laboratory Wednesday morning. Experts hope cleaning it will reveal more details of a crest etched inside the bottom of the piece. The gold chalice is estimated to be valued at $1 million or more.Your broken gold jewelry and old gold scrap have value too. Find out just how much your forgotten treasure is worth when you sell your gold to us!