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Florida family finds sunken treasure

4 September 2013 Last updated at 03:50 BST

Hunting for sunken treasure has finally paid off for one family after they found $300,000 of gold off the Florida coast.

Rich Schmitt and his family found Spanish gold chains and coins from the wreckage of a convoy of ships that sunk after being hit by a hurricane in 1715.

The state of Florida will take some of the gold for display in a museum.

Anne-Marie Tomchak reports.