UPDATE

Magruder crew brings in recent finds. As you may know, we are in a hotspot on the Atocha trail. In the last week we have found over 20 silver coins, a beautiful gold chain, cross, medallion, and a fully intact olive jar.

Welcome party at dock for crew along with Investors.

Way to go guys!

Shipwreck experts are evaluating a centuries-old 40-inch gold chain plucked from the seafloor while searching for a 17th-century sunken Spanish galleon off the Florida Keys.

The piece is tentatively valued at about $250,000. It is believed to be from the Nuestra Senora de Atocha, which sank during a 1622 hurricane. It was found Wednesday by divers from Mel Fisher's Treasures about 35 miles west of Key West.

The chain has 55 links, an enameled gold cross and a two-sided engraved religious medallion featuring the Virgin Mary and a chalice.

In 1985, the Fisher crew recovered more than $450 million in artifacts and treasure from the Atocha shipwreck, but part of the ship has not been found.