The Trouble With Treasure

Has a legendary adventurer been selling counterfeit antiques?

Ever since he discovered what he claimed was $400 million in sunken treasure in 1985 off the coast of Key West, Fla., Mel Fisher has been no stranger to controversy. It visited him again last week when a Florida coin expert determined that a number of coins being sold through Fisher's museum were fakes. The county attorney has warned concerned customers that others may be too. The coins, purportedly taken from a Spanish galleon fleet lost in a hurricane off the Florida Keys in 1733, are genuine gold but not necessarily authentic, even though buyers received certificates from Fisher and his...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!