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Faint signal leads treasure hunters to massive discovery at legendary 400-year-old wreck

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Cite

Margolis, A. (2026, September 17). Faint signal leads treasure hunters to massive discovery at legendary 400-year-old wreck. Fox News. https://www.foxnews.com/travel/faint-signal-leads-treasure-hunters-massive-discovery-legendary-400-year-old-wreck

Dated when The Aporia collected the article, usually within hours of publication. Check the original for its exact date and byline.

Fox News · collected 2026-09-17 · by Andrea Margolis

Quick Summary

Treasure hunters from Mel Fisher's Shipwreck Expeditions found a 55-pound copper ingot worth between $18,000 and $25,000 at the site of the 1622 wreck of the Nuestra Señora de Atocha off the coast of Florida. Captain Drake Nicholas discovered the ingot using a metal detector while searching about 35 miles west of Key West. He believes this find could indicate more valuable artifacts nearby, given its significant weight and historical importance as copper was crucial for manufacturing bronze cannons in the 1600s.
Written by AI on 2026-09-17, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

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 2026-11-02, grounded in this article and the 1 other(s) covering the same event.

Story

📰 Treasure Discovery Shipwreck
Other · 2 article(s) covering the same event. See how they differ ↓

Compared with similar articles

This article reads unscored and hedges 17% of its claims. Each row says how that neighbour differs.
New York Post
Hedges 5 of 30 claims Outlet record 66/100
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
30
sentences that state something as happening or true
Uncertain
17%
5 of 30 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
69/100
Fox News's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Other
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-09-17 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

Fox News · 6304 article(s) · 11 correction(s) detected
Running correction rate · 11 correction(s)

Who wrote this

Andrea Margolis
60 article(s) here · 1 carrying a prediction
🔮 "Travelers looking ahead to Thanksgiving and Christmas travel will need to plan ahead for a larger travel budget this year, as the 2026 holiday travel is on track to be the most expensive in a decade," the report said.
🔮 They carefully dug a small silver coin out of the soil — and more finds would follow."
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🔮 The "rusty treasure," as researchers called it in a press release, would have been extremely valuable during the Iron Age, when iron production and trade were expanding across Europe.
🔮 A scholar believes a nearly 2,000-year-old account of Jesus may be more historically reliable than previously thought, challenging longstanding doubts about one of the earliest non-Christian accounts of his life.
🔮 Workers fear the findings could lead to pay cuts of up to 8%, according to local news outlet betevé.
🔮 Fox Business reported in May 2024 that Villa Vie Residences was offering lifetime access to its Odyssey cruise ship through its "Endless Horizons" program for a one-time payment of $299,999 for a single-occupancy cabin or $499,999 for double occupancy.
🔮 They found the remains of two colossal statues believed to depict Ramses II, the pharaoh some scholars believe may have confronted Moses in the biblical Book of Exodus.
🔮 They determined it would need repairs at a shipyard, a TUI Cruises official told Fox News Digital.
🔮 Yet the history of these imposing structures is much closer to home than many might realize.
Also by Andrea Margolis
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 60 articles by Andrea Margolis →

Topics

DARE Fox News Digital Shipwreck Expeditions Spain Spanish

Subjects

Nicholas PERSON · 9× Mel Fisher's PERSON · 2× Spain GPE · 2× Drake Nicholas PERSON · 1× Fisher PERSON · 1× Fox News Digital ORG · 1× Mel Fisher PERSON · 1× Shipwreck Expeditions ORG · 1× Spanish NORP · 1× the Spanish Empire GPE · 1×

Narrative

But once I'm there, I'm very, very confident and excited — we're just very excited to see where this is leading." The latest discovery follows another recent find from the Atocha shipwreck.
framing: assertive · carried by 1 article(s) · first seen 2026-09-17
🔮 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.

Claims (30 extracted, 5 hedged)

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. asserted
it → sink → silver
Mel Fisher began searching for the Atocha in 1969. asserted
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. asserted
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. asserted
site → discover → finds
Photos show the 55-pound copper ingot — or copper bar — heavily coated in marine encrustation after spending over four centuries underwater. asserted
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. asserted
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. asserted
he → retrace → Digital
The captain said he was following a "tight trail of coins" at the time. asserted
he → say → time
"Faint hits are always the most exciting because they lead to, you know, stuff very deep in the mud," said Nicholas. asserted
Nicholas → lead → mud
"And I got that very faint hit. asserted
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." asserted
excitement → dig → ?
Nicholas said he initially mistook the ingot for a cannon due to its rounded shape, large size and bronze-copper coloring. asserted
he → say → shape
"I was so excited," he said. asserted
he → say → ?
"I thought it was a cannon, but it ended up being a copper ingot, which was also very exciting." asserted
which → think → ?
"I thought it was a cannon, but it ended up being a copper ingot, which was also very exciting." asserted
which → think → ?
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. uncertain
Empire → appear → that
"I believe that only certain people could actually own copper because it was making such strong cannons," he said. uncertain
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." To make the ingots, metalworkers "would basically dig a hole in the sand and just pour copper into it," he said. uncertain
he → have → it
"It would make this copper ingot or a copper bar," added Nicholas. asserted
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. asserted
it → send → cannons
The recent discoveries have given Nicholas reason to believe the crew may be closing in on a larger concentration of treasure. " uncertain
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. asserted
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. asserted
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. asserted
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. asserted
Nicholas → have → that
"And it's a lot of digging through that mud and getting down to that level. asserted
it → dig → level
But once I'm there, I'm very, very confident and excited — we're just very excited to see where this is leading." The latest discovery follows another recent find from the Atocha shipwreck. asserted
discovery → see → shipwreck
Earlier this summer, Nicholas and his team found a 22.5-pound silver bar at the site, which remained remarkably intact despite heavy marine growth. asserted
which → find → growth
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