Are all 1783 Mexico Mo 8 reales from el cazador?

Discussion in 'World Coins' started by Frankp36, Sep 7, 2013.

  1. Frankp36

    Frankp36 Member

    Can somebody here please help answer a question? I picked up a 1783 Mexican Mo FF 8 reales dollar. I was told that it was off the el cazador shipwreck. Is it true that ALL 1783 Mexico city FF 8 reales dollars that are for sale in todays market are from the el cazador and nowhere else?
     
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  3. Ancientnoob

    Ancientnoob Money Changer

    No. Although the el Cazador wreck yielded 450,000 or so pieces. So it is plausible that you are just seeing the bulk of wreck as being dated 1783.
     
  4. saltysam-1

    saltysam-1 Junior Member

    Once they put the impressive wood case and CA with it, they were getting well over true value for them. The original market has adjusted and declined because of this. However, the general feeling is that they are still over priced. Many show salt water damage and are crusted over, reducing their value further. I bought one 5 years or so ago and I doubt I will ever break even. I bought into the shipwrecked coin idea more so than the net value. Just one more example of a bad decision on my part.
     
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  5. Frankp36

    Frankp36 Member

    So you were telling me that my coin without a certificate of authenticity cannot be guaranteed to be of the shipwreck? So...how many 1783 8 reales Mo are in total? Oh and...thx for the help?
     
  6. Frankp36

    Frankp36 Member

    Oh and ANCIENTNOOB...i was also at the Bay state show today...wow the coin market is crazy pricy...
     
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  7. Ancientnoob

    Ancientnoob Money Changer

    That's for sure my friend.
     
  8. saltysam-1

    saltysam-1 Junior Member

    Well, you need something to substantiate the claim. Just saying it is, doesn't make it so. In my case the coin was details graded as VF (my guess VF30) and authenticated by NGC, slabbed and so noted on their label. Then add the certificate of authenticity, along with the history and paperwork from the salvage operator, and the evidence is all there. What were you given? Anything?

    I just went through my old picture files, on another hard drive, and discovered my coin to be from 1781, not 1783. So my mintage amounts would have no bearing on your coin at all. However, all other statements on value and authenticity still apply.
     
  9. Frankp36

    Frankp36 Member

    No authenticating paperwork....just the dealer telling me. I wasnt happy about that. I didnt purchase the coin based on his saying so. That is why i paid 80 for a decent specimen. What is the silver fineness on this piece?
     
  10. saltysam-1

    saltysam-1 Junior Member

    The weight and purity varies on these coins, almost from year to year and definitely from mint to mint. The average fineness for Mexico would be .93 or about .82 troy ounces for 8 reales.
     
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  11. GDJMSP

    GDJMSP Numismatist Moderator


    Not quite that often Sam. The fineness of the silver did change 4 times in a hundred years (1700-1800), but only by Royal Decree and it applied to all the Spanish colonial mints equally. The one exception to this rule on fineness was Potosi, and it is only an exception because the mint officials there cheated, got caught cheating, and some were executed for it.
     
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  12. Frankp36

    Frankp36 Member

    Wow...thx a lot....i am learning so much about my beloved hobby here...I did read that the assayers of the 8 reales and other Spanish colonial coinage would in fact be put to death if caught cheating with the precious metal coinage of the time.....cool...thx again all...I really look forward to learning more about my collection through this website.
     
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