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Message:: [QUOTE="Paddy54, post: 3197828, member: 19250"]These look to be from the El Cazador translated "the Hunter" sank in the Gulf of Mexico in 1784. A shrimper named "Mistake" nets hung up on the wreck.There's tons of treasure coins that have been salvaged.In fact I venture to say that these reales are most probably the cheapest one can find in the market.I've seen and have owned several specimens from this wreck. They are very common ax well as the clusters of coins that could not be salvaged for individuals coins....to far gone that they end up as just scrap sliver.So they sold the clusters also.... and again most probably the cheapest found on the market.I still have a 1/2 resale from that wreck set in a gold bezel. Smaller coins seem to hold a premium, due to less mintages and again depending on how well they survived the sea water.I have purchased 8 reales in NGC slabs for as little as $25!  Not again understand these were not grade A coins...mostly one sided details .But I also have purchased better grades within reason.Also the ship carried roughly 450,000 reales,400,000 silver pesos,50,000 pesos in smaller coins.That's a lot of coins to be had as well try and sell off at a rate that won't depress the market. The ship was found in 1993....some 25 years later the bulk of the profits have been made....thus the coins flooding the market can be obtained as well clusters very reasonable.[/QUOTE]