Out of all those wrecks, one in particular has obsessed people for over 240 years—HMS Hussar. The whole gamut of underwater exploration technology has been employed in the search for its purported treasure, from 18th-century diving bells to modern sonar scanners. The cast of characters who have invested significant time and money into salvaging the ship is equally wide-ranging. Thomas Jefferson had a go, as did the inventor of the modern submarine. Alongside crews of schemers and hustlers, serious underwater archaeologists have tried, too. Most recently the most prominent attempts to find the wreck were the brainchild of a Bronx man who calls himself Joey Treasures.
The coveted ship was a frigate of the Royal Navy that arrived in British-occupied New York during the Revolutionary War, in November 1780, reportedly carrying the payroll of British troops in gold coins. Shortly after arriving in the city, Hussar set sail for Gardiner’s Bay on the eastern end of Long Island (though some accounts say it was headed to Newport, Rhode Island). While traversing Hell Gate it hit a submerged formation known as Pot Rock and began taking on water. The ship drifted down the East River until it sank to a depth of 60 to 80 feet, somewhere off the coast of the Bronx. This much is known. The rest, much like the waters of Hell Gate, is murky.
Accounts differ on how many, if any, of the crew were lost, but most agree that around 60 American prisoners of war who were shackled below deck went down with the ship. Crucially, whether Hussar still had gold on board when it sank has also been the subject of much debate over the past two centuries. Modern historians tend to think not. Contemporaneous news articles about the accident made no mention of treasure, nor do the minutes from the Royal Navy court martial into the loss of the frigate.
“It’s a pie-in-the-sky romantic notion that you could find gold in the waters of the Bronx,” says Ultan. But this did not stop generations of people from trying, beginning in the early 19th century. It was known that the ship was carrying gold when it arrived in New York, and in the decades after Hussar sank, “the legend began to grow that the gold was still on the ship,” says Ultan. “The East River at the southeastern end of the Bronx suddenly becomes the Spanish Main.”