Obverse- Charles II of Spain Coat of Arms
Reverse- The Cross of Jerusalem
The History
The story of the doomed Spanish Fleet of 1715 is one of the most popular stories of sunken treasure. In the early 1700s, the Spanish and the English were locked in a bitter war over who would ascend to the Spanish thrown. King Charles II of Spain had died without an heir, and named Philip V of France his successor. The English, determined to prevent the alliance between the French and Spanish, launched a large-scale naval attack against Spain. Spanish ships in the New World were unable to safely transport necessary supplies back to their homeland for fear of being attacked by the formidable English navy.
In 1715, The War of Succession finally ended and King Philip V ordered his Spanish fleet in the New World to promptly set sail for Spain. The eleven ships in the fleet met in Havana, Cuba, and began loading their cargo with luxury goods such as precious jewels, gold, silver, porcelain, and tobacco. Today, it is estimated by some that the entire treasure could be worth nearly half a billion dollars – to say it was a sizable haul would be an understatement. 
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