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$1 Million In Gold Coins From 1715 Shipwreck Go On Market

 
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Pillar of the Community
United States
1119 Posts
 Posted 11/07/2016  9:03 pm Show Profile   Bookmark this topic Add Steele to your friends list Get a Link to this Message
http://www.msn.com/en-us/news/us/fi...&ocid=HPCDHP

A Blanchard news release says the coins were struck in Columbia, Mexico and Peru. They were dated between 1692 and 1715. Most are from a discovery made in 6 feet of water about 100 feet off the coast of Vero Beach, Florida.

"You're dealing with something that's over 300 years old," Baudot said. "Everybody dreams about walking down the beach and finding treasure."

Ships of the 1715 fleet were heading to Spain from Havana when they encountered the hurricane near what is now Vero Beach. Some 1,000 people died in the maritime disaster.


Pillar of the Community
United States
1119 Posts
 Posted 11/07/2016  9:06 pm  Show Profile   Bookmark this reply Add Steele to your friends list Get a Link to this Reply
300 years in the ocean and still MS62
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18679 Posts
 Posted 11/07/2016  9:11 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
interesting!
"If you climb a good tree, you get a push."
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"The danger we all now face is distinguishing between what is authentic and what is performed."
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 Posted 11/07/2016  9:33 pm  Show Profile   Bookmark this reply Add pepactonius to your friends list Get a Link to this Reply
Perhaps gold coins hold up underwater better than silver or copper coins? I wonder what effect prolonged sea water immersion would have on a modern .9999 gold bullion coin?
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United States
4208 Posts
 Posted 11/07/2016  9:35 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
...Only in my dreams I would own a beautiful shipwreck coin like that.
Thanks for posting!
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United States
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 Posted 11/08/2016  07:13 am  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
"Coins are dated between 1692 and 1715."

OP coin is dated 1689.
Bedrock of the Community
United States
11935 Posts
 Posted 11/08/2016  09:04 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Very nice ..
And I agree it would be nice to have one of these in my collection.

The article says 295 coins are being marketed ... I wonder how many total
could end up on the market.
Pillar of the Community
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1119 Posts
 Posted 11/08/2016  9:54 pm  Show Profile   Bookmark this reply Add Steele to your friends list Get a Link to this Reply

Quote:
"Coins are dated between 1692 and 1715."

OP coin is dated 1689

Ha! I did not notice that. Why is the 16 of 1689 in parenthesis?
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 Posted 11/08/2016  11:28 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
Because 89 is on the flan while 16 is not.
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 Posted 11/09/2016  01:26 am  Show Profile   Bookmark this reply Add Chute72 to your friends list Get a Link to this Reply
Gold is quite inert. It doesn't like to react with surrounding materials. One of the reasons it is valued for money and jewelry.
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 Posted 11/09/2016  11:06 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Because 89 is on the flan while 16 is not.

And on some coin types the entire date was never on the coin. Some kinds only use the last three or maybe even just the last two.
Gary Schmidt
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Norway
1358 Posts
 Posted 11/09/2016  12:14 pm  Show Profile   Bookmark this reply Add UltraRant to your friends list Get a Link to this Reply
This is a really neat coin and it shows once again what an amazing metal gold actually is.
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