Located about 2.3 miles south of the “Cabin Wreck”. At this site in August 1992 Captain Steve Shouppe of Galleon Research Incorporated, found 39 gold coins dated 1697 – 1714. The coins were obviously from one of the ships of the 1715 Fleet or possibly a recovery vessel. It was named the “Cannon Wreck” because of a number of cannons found at the site by Shouppe in 1991.