 ML 414 was first uncovered in 1987 by Mr. Carlos Anunciação. He was associated with the Museu da Lourinhã, and after the excavations which lasted from the time of discovery until 1992, the specimen was then moved in to the museum, and catalogued under the number 414. Dantas et al. preliminarily announced ML 414 as soon as the excavations were complete. To remove the fossils from the surrounding rock, a bulldozer and tilt hammer were needed. The fossils were situated at the top of a costal cliff, and once removed, were shipped to Lourinhã in two blocks with the help of a crane. A year before being described as a new taxon, Dantas et al. assigned ML 414 to Lourinhasaurus alenquerensis, previously grouped under Apatosaurus. José Bonaparte and Octávio Mateus studied the material of Lourinhasaurus, concluding one specimen, under the name ML 414, to be more closely related to diplodocids of the Morrison Formation, and thus warranting a new binomial name. This new species was described as Dinheirosaurus lourinhanensis, with a full meaning of "Porto Dinheiro lizard from Lourinhã".
