The Merida was a 6,207 ton passenger-freighter sunk in 210' of water on May 12, 1911 after colliding with the SS Admiral Farragut. Bound for New York from Cuba, the wreck was noteworthy in that of the 320 passengers and crew on board the doomed Merida, no lives were lost.

Rumors of a cargo of silver and copper have motivated several salvage operations through the years. One of the most recent had divers torching and cutting into portions of the wreck, then proceeding to have "chunks" of the wreck hauled to the surface for inspection. China, a few intact bottles of champagne, and other assorted artifacts were recovered, but the long sought-after treasure, if it ever existed, continues to elude salvors. The wreck is contiguous, but badly mauled due to the extensive salvage. However, divers may still find artifacts throughout the site as it is seldom visited.