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 Replies: 11 / Views: 5,778 |
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New Member
United States
6 Posts |
Hello all,
This is my first post, I figured a forum would be the best place to discuss these coins.
I have, due to recent events, two Atocha 1622 coins. I have the certificates of authenticity as well as their apprasial certificate, both apprasial certificates have a seal.
The details are,
First coin:
Tag number. 85A - 237399
Denomination: 4 Reales
Reign: Philip II
Mint: Lima
Assayer: D (1577-1588)
Weight: 10.8 grams
Date: never dated.
Grade: two.
This coin is valued at $23000 ( rare assayer )
Coin two:
Tag number. 85A - 237766
Denomination: 4 Reales
Reign: Philip II
Mint: Lima
Assayer: D (1577-1588)
Weight: 9.4 grams
Date: never dated.
Grade: two.
This coin is valued at $23000 ( rare assayer )
Under the bold print with the value of the coin, it says "we estimate the value as listed for insurance purposes only at the *current retail value, excluding federal and other taxes*
yes, twenty three thousand
This leads me to my reason for posting. I have searched for coins on the web from the Atocha and their prices are listed between $500 and $2500. Am I not searching deep enough or specific enough to come across coins in a significantly higher price bracket?
How valid is the Apprasial Certificate that I have for both of these coins? Both coins are in black sleeves with all previously mentioned paperwork. How do I find out the actual value. The information above is all the info I have.
Any and all info or advise you guys can provide would be super helpful.
Best,
Me.
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Pillar of the Community
United States
684 Posts |
IMHO the coins are worth 1/1000 - 1/10th of the appraisal value stated. This may be one of those treasure shipwreck marketing BS things, or the coins could be rare. The weight is waaaay low. Who is the appraiser (initials)? Pics would help.
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New Member
 United States
6 Posts |
Sue Pierson. All info stated are are on a mel fisher apprasial certificate.
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New Member
United States
6 Posts |
The two coins are "d" assayer. - Atocha coins from the Lima, Peru mint from assayer Diego de la Torre ("D"), known for the high quality of his coinage, are extremely rare, and the most sought after of all Atocha coins. All coins pictured are Grade I. Please see the Certificate of Authenticity for additional information on each individual coin. http://www.hhgold-inc.com/atohca-coins.html |
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Pillar of the Community
United States
684 Posts |
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New Member
United States
6 Posts |
Im not familiar with that, what is 'no bid'?
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Pillar of the Community
United States
1801 Posts |
I think the value listed on the certificates you have is "pie in the sky" wishful thinking. In the 4 reales series from Peru all of the coins from that period are either assayer "R" (scarce and slightly different configuration on the coins), Assayer "X" (very rare) or assayer "D" (also known in several configurations) which is actually the common assayer. Please try and post pictures of both sides of your coins so we can see what might give them a valuation in the range you are talking about.
As a side note, realize in the numismatic marketplace, "rare" salvaged coins have a greatly reduced value and demand in comparison to a non salvaged "rare" coins. Most collectors of salvage coins that I am aware of collect by "wreck" and providence as opposed to based on numismatic rarity. They are unlikely to pay much of a premium for a specific date over a generic coin from the same wreck, most in fact will pay higher for a generic in extraordinary condition than a "rare" one of lesser quality. The flip side is true in the true of most numismatic collectors, we wold rather have an an undamaged example of a rare date than an example showing signs of obvious salvage which your coins must show based on the weight listed. At 9.4 grams, your one coin has lost 30% of the coin to corrosion, that level of damage has got to be obvious when looking at the coin.
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New Member
United States
6 Posts |
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Pillar of the Community
United States
1801 Posts |
Sorry to be the bearer of bad news as far as values. Your two coins are both the variety " * over 4 left, P over oD right" and that is the most common variety for that type/date period coin in the Peru 4 reales series. Known in common reference books as KM 11.1. With a nice full weight non salvage coin selling for under $600, I would guess your coins are worth well under the $23,000 value on the certificate even with the value bump for being an Atocha coin.
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New Member
United States
6 Posts |
So what would these coins go for?
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Pillar of the Community
United States
1801 Posts |
I have no idea but the actual certificates which have Eugene Lyons signature on them, make them more valuable than average Atocha coins. His signature is valued in the treasure coin hobby.
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Pillar of the Community
France
1591 Posts |
Wow, those prices are crasy. Actually, I'm missing the 4 reales (and the 1/4) from Diego de la Torres, but the last one I got is the 8 reales, and it was under 500 USD ... It's not the scarcest type, but it's still nice (struck S/ for the 8 denomination, *oD on the right) Here is a picture :   I'm not sure how they invented those numbers, I can think that in this condition they are very scarce from any wreck, but still ... This ship have led to many artifacts, it's not one with scarce items ... |
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Replies: 11 / Views: 5,778 |
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Posted 12/28/2012 11:48 pm
