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<p>[QUOTE=&quot;GDJMSP, post: 1318639, member: 112&quot;]What you have there is a 2 reales. And yes, a piece of eight was an 8 reales. The coins were minted in various denominations ranging from a 1/2, 1, 2, 4 and 8 reales. In later years they even minted 1/4 reales. The denominations for US coinage was based on these coins. An 8 reales = 1 dollar. 4 reales = half dollar. 2 reales = quarter. 1 reale (roughly) = dime and the 1/2 reale (roughly) = half disme.</p><p><br /></p><p>What Matt said is quite true, the coins were grossly overpriced right form the very beginning. Sold to tourist for the most part who had no idea what they were buying. They still are, and yes they are still grossly overpriced in the tourist shops.</p><p><br /></p><p>But people who know coins won&#039;t pay those prices, never would. And the reason they never would is because you can go and buy the same coins, without the provenance, for a fraction of the price.</p><p><br /></p><p>Your coin , I would think would be worth $100 at best. But you might find someone who is a shipwreck collector willing to pay more. The emerald on the other hand might be worth several times that - or not. I truly have no idea. But I would suggest taking it to a few jewelers and having the stone looked at. Do not let them remove the stone from the setting. And if that is a gold setting, that too will add to the value.</p><p><br /></p><p>If you wish to sell it, contact Dan Sedwick as he will likely know more about this piece than anyone else. You can reach him through his web site - <a href="http://www.sedwickcoins.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.sedwickcoins.com/" rel="nofollow">http://www.sedwickcoins.com/</a>[/QUOTE]</p><p><br /></p>

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