What would you be willing to pay for this?

Another find story.....yesterday I dropped in to a LCS, to pick up a few items that were on hold.
The owner had also purchased a large amount of coins from an estate sale.
As he was showing me a few items I saw 2 of these one dated on not "this one" I saw a sticker on the back and then threw out an offer,
he said sold.
Now I know the history behind this specimen as I do own a half reale from the same ship wreck .

Now many here most probably know of this wreck......but what value would you put on this as a graded specimen from a salvage wreck.
true the obv. Is pretty rough but again it's graded, and somewhere near 27 grams of 200 +/- years old silver .
Who's history is extremely important to that of the U.S. being the country it is today.
The wreck is the El Cazador a very good and interesting read if you like history. The Spanish ship a "Brig" went down in a storm in the Gulf of Mexico in 1784. The ships cargo about 450,000 Spanish reales!
The ship lost lasted until an August day in 1993, the day that a fishing boat named "mistake" net got hung up on a snag.
When the net came up instead of dumping a load of shrimp, it dumped a load of silver coins!
Now there's a lot more for those of you who haven't heard this story...should Google it....as the story is one that will educate you to the history of 3 very important countries during the time period of the wreck. Another juicy tid bit these 8 reales were used legal tender way before" this country" U.S. every minted a single coin.
I will wait to see what you what you would offer and then post mine.

Now one must remember that Silver unlike gold will crust over in salt water. These sort of looked like oreo cookies when they were found and had to be cleaned. Many were in clusters fused together due to the effects of sea water and silver.

 

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I'd put that one in the 70-90 range with that level of corrosion probably leaning more towards 70.

 

That these survived at all, partly due to the cold temps, is an amazing bit of history in and of itself. We as a people have only touched upon the many treasures still buried in the deep. I would also imagine that many of the foreign subs we sank were carrying treasure also to fund the wars. But I cannot post to your original question as I am not familiar enough with these coins.

 

Well Tommy the entire store about these coins is just unreal to begin with . ..... the loss of the ship started a chain of events that had it not happen we as the" United States " would of been nothing west of the Mississippi !

 

lol I bid on a few of those also graded a couple weeks ago on eBay they all went for 30-40 bucks

 

Okay I lied 65 bucks. But a nice example!

 

I would say $50 to $70. The obverse is almost gone and there is no date. The ones with most or all of the details remaining go for a lot more, a hundred and up.

These coins are very common as you will see hundreds come up on an ebay search for "El Cazador".

Regardless they are a pleasure to own given their history.

 

Thanks for your replies .....since I can't see this thread going to far since the interest is limited . You are also correct as the market is full of these for sale.
The shop had 2 one dated $69.95 and this one....at $29.95.
I said I would give you 20 and he said sold.
Now the grading cost more than that .......so I would think at $50 it would sell with the coin and slabbed . But $20 bucks...heck that's a deal.....in my book.

 

Yep I would of bought it for 20 bucks

 

Excellent deal! None of the certified pieces go near that low on eBay. 40 or 50 would be absolute rock bottom.

 

Shoot, that would make el cheapo proud !

 

$20? Ring it up!

 

You would have absolutely no problem selling that for a profit at that price

 

Metal that was underwater prior to detonation of numerous atomic blasts has a special value for industry requiring non-radiated metal. That is why certain companies pay large money to cut the sides out of battleships that were sunk prior to the two bombs that ended WWII. FWIW.

 

woo woo?

 

https://en.wikipedia.org/wiki/Low-background_steel

 

I wonder if gold or silver that has been melted in the atmosphere carries radionuclides.

 

confessions of coin collector...soon in a theater near you><jk

 

lurnd sumtin gnu

 

Nice pick-up!! I have one of those on my want to buy list as a type piece. They are cool and I like the fact that they are like the Morgan Dollar of their time period. You can still find lots of them in uncirculated condition.