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Thank You for posting this... brings back good memories. There was a similar old lead on this wreck beach published in a 1960's book on Fla. Treasure Hunting. When I turned 18, and I could not make the lengthly trip to search at Sebastian (1971), my second choice was to drive the old Ford Falcon from Davie to Gilbert's Bar, park at or near the museum, and search the beaches to the north with my old BFO Bounty Hunter. Made several trips yet, never found any evidence of the wreck. Still, these trips were the adventure as there was no I-95 back then. I used to take US 1 all the way; or, when I had the few extra bucks, would take the turnpike on occasion.
If there is any truth to this story the wreck is probably in a lease area. The description of the supposedly recovered coins is interesting.
View attachment 852200 Springfield Republican, 5-29-1894
View attachment 852231 Gilbert's Shoal 1887 View attachment 852232 Recent