American fashion model Anne Traymore (Joanne Dru) loses a bracelet while swimming off the isle of Majorca and has it returned to her by Manuel del Rio Montoya, who believes she thinks he owns a yacht called The Swan. When two fortune hunters approach him with an offer to find $3 million in gold doubloons, Manuel convinces Anne to join them on their quest, but things don't go as smoothly as they had hoped.
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