The Coast Guards managed to seize just over 5,400 kilograms of the drug, before the last 1,800 kilograms went down with the home-made submersible as they tried to tow it back to shore.
The bust, which took place on 18 July but was only announced recently, was the largest of its kind in Coast Guard history.
The craft carrying the drugs was a semi-submersible - the crude, shoddy boat was painted blue and sailed low in the water, trying to evade detection.
The can sometimes cost millions of dollars to build - but the huge profits they can bring in if they are successful in getting the drugs to shore make it worthwhile.
Unfortunately for the smugglers, the boat was spotted by a US Navy plane, who alerted the Coast Guard.
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