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 Replies: 41 / Views: 11,041 |
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Bedrock of the Community
 United States
11951 Posts |
The guy I bought the coin from came by yesterday and gave me the box for the coin. It has a place for the NGC slab, booklet and COA. The booklet is sort of interesting, it reads that when this ship went down, and the silver did not reach New Oleans, their economy and Spains ecomony fell to the point of ceding the territory back to France .. who sold it to Thomas Jefferson in 1803.    |
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Pillar of the Community
United States
1801 Posts |
Now that is a marketing dream, very well done, beautifully presented with a nice cert. That is such a keeper. GR58 you got yourself a great deal on that coin, congratulations. Now if we can only get you addicted to Spanish Colonial Coins like some of the rest of us, we will have a new member of the cult.
Beautiful piece of history
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Pillar of the Community
Hong Kong
1270 Posts |
Magnificent! Can we see the pictures of this coin?
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Bedrock of the Community
United States
11951 Posts |
Quote:
Now if we can only get you addicted to Spanish Colonial Coins I like coins .. I guess I just have to learn more about Spanish colonials ... Quote:
Magnificent! Can we see the pictures of this coin? Pictures of this coing are at the start of this thread .. although I see now thaqt I post the reverse .. upside down |
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Pillar of the Community
United States
2543 Posts |
Well done ...... Well done........
The box and coa complete a great buy for you. As I said previously , these coins go for $149.99 on the t.v. coin shows. $330 , matched with a pillar dollar from the wreck.
This silver was desperately needed by Spain to bolster the economy in , what is now New Orleans and finance Spain's wars around the world. When this silver was lost , the king turned to France for money, selling the territory to France.
Of course Napoleon was fighting his own expensive wars, and offered the " Louisiana Purchase " to Jefferson, effectively doubling the size of America at the time. Without the sinking of the El Cazador, America would not be the America we have today.
Beautiful coin and set, glad we could inspire you to get the box and booklet/coa.
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Bedrock of the Community
United States
11951 Posts |
I guess I should have ask .. is this COA considered a good one.
I think everyone has said this coin is most likely one of the real ones.
The signature really catches my eye
Jay W Johnson, for the Franklin mint
36th direstor of the United states mint.
Sounds pretty offical to me, but curious that a US mint offical
putting his name on a Spanish/Mexico coin .. for the Franklin mint.
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Bedrock of the Community
United States
11951 Posts |
Quote:
Well done ...... Well done........
The box and coa complete a great buy for you. As I said previously , these coins go for $149.99 on the t.v. coin shows. $330 , matched with a pillar dollar from the wreck. denco7 thank you I feel some of those TV coin shows ... have infalted prices. I am curious what you, and other experts, would pay for these type coins, if you saw one in a coin shop. |
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Pillar of the Community
United States
2543 Posts |
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Sounds pretty offical to me, but curious that a US mint offical putting his name on a Spanish/Mexico coin .. for the Franklin mint What do old U.S. Senators do when they retire ? They become high paid lobbyists. What do old Mint directors do when they retire ? They become highly paid " faces " for private mints in an effort to legitimize there offerings. Any COA from a private mint is basically only worth " as far as we know, we sold these under the impression that these are real " , but for resale, a printed COA adds to the value. I would be more assured by the NGC slab. Even though , as Bob has educated us many times, NGC has and apparently continues to slab counterfeits, most likely the salvage company turned over a hoard of these coins to NGC for slabbing and then to Franklin mint for marketing. The ones that I have seen at auction go for about 30-$40 for the 2R and 50-$60 for the 8R. But those prices are just the slabs I've seen , haven't seen a boxed set like yours. And the only one as nice as yours that I have seen was an 8R for over $70 I paid @$100 for my set of 8R and 2R. And I though that was a deal at the time. |
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Bedrock of the Community
United States
11951 Posts |
denco7 ... thank you very much .. that is some very good information
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Pillar of the Community
Hong Kong
1270 Posts |
I have done the S.G. of my shipwrecked 8R two times separately by two different standards today.
The results are as follows:
i) S.G. 9.876 ---> corresponding to 63.26%Ag
ii) S.G. 9.836 ---> corresponding to 62.72%Ag
My system has an inherent deviation of about 5%Ag bias low.
Is it possible to have the S.G. of a Ag-Cu 8R silver coin drops after it had been immersed under sea water for over 150 years? Or can I use these data to tell the seller this coin is a modern forgery? Please help!
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Pillar of the Community
United States
5362 Posts |
In my opinion, there is little chance the coin is real unless the coin contains air bubbles trapped inside. The SG is simply too far off to be even a corroded original. Corrosion tends to remove surface copper and copper is just under an SG of 9.
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Replies: 41 / Views: 11,041 |
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Posted 04/06/2013 7:06 pm
