1783 El Cazador Shipwreck

Never heard of them but I paid less than that for mine.

 

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A little history on the shipwreck;
https://www.nytimes.com/1993/12/19/us/1784-spanish-ship-is-found-in-gulf.html

 

Prices vary, depending on denomination, overall condition, etc. Since shipwreck coins have all been underwater for significant length of time, they exhibit something called the ‘shipwreck effect’. This is wear to a coin caused by ocean currents, sand, etc. Some coins will be very worn, or worn more so only on one side, depending on their exposure to the elements. They normally have a wavy, irregular pattern to them, due to this exposure underwater.
Often smaller denominations are more expensive than larger, as in most cases the majority of coins lost were of the 8 reales denomination. With lesser numbers to possibly none at all in cargo of the others (1/2, 1, 2 and 4 real would be the other denominations). Usually for an El Cazador 8 real coin with good detail to the coin, they will sell for between $70 and $150 dollars.

 

The ship was lost in January 1784, if I remember correctly, and most El Cazador coins bear dates of 1781-1783. Even without a CoA, Spanish silver coins having the ‘shipwreck effect’, and bearing the Mexico City mintmark ( oM, with the o resting above the M) and within the correct date range will with pretty much certainty have come from this shipwreck.
Many coins were sold raw, and so due to changing hands over the time when these started appearing on the market in the late 90’s, CoA’s have been lost in various instances.

 

Is @BlackBeard_Thatch still overseas?

 

Last I remember he was training is Paris Island. That was a while ago and he may well be deployed somewhere now. He is a wealth of info on the pieces.

 

NGC stabbed El Cazador coins are pretty cool.
I bought a couple years ago, recently noticed that they were bringing good money on ebay so I sold them off.

 

Very true. I just got such a good price I couldn't pass it up.

 

nice piece(s) ....

 

Love the El Cazador stuff.

 

Thank you