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I’ve always been drawn to the romance of treasure ship coins, especially on those sweltering Tuesdays when the heat makes you dream of ocean storms and lost riches. It got me digging through my own collection to share some favorites and what I’ve learned along the way.
My El Cazador Coin: A Budget-Friendly Treasure
When I first caught the shipwreck coin bug, pieces from the 1715 fleet felt completely out of reach. That’s how I ended up with my 2-reales Spanish coin from the El Cazador wreck. “The Hunter” was a Spanish brig sent by King Carlos III to prop up Louisiana’s economy with hard cash – loaded with about 450,000 silver reales (mostly “Pieces of Eight”) before vanishing in the Gulf of Mexico in 1784. Can you imagine the trawler crew’s faces in 1993 when their nets hauled up coins dated 1783? Holding mine, I feel that direct connection to Spain’s colonial efforts. It’s amazing how these coins surface through Franklin Mint now, still whispering stories of the deep.
Other Shipwreck Gems in My Collection
Beyond El Cazador, I’ve had some real adventures. I once owned an 8-reales Spanish cob from the 1682 Johanna wreck off South Africa (wish I’d kept it!). More recently, I snagged an Australian gold sovereign from the 1882 RMS Duoro sinking – PCGS certified it as #49106726. Struck in Sydney in 1877, this “Shield” sovereign was cargo when the Duoro collided near Cape Finisterre. After 115 years underwater, salvagers found it in the 90s looking shockingly fresh – gold just doesn’t quit! I’ve even got a California Gold Rush-era nugget from a shipwreck (that dime in the photo shows its size), proving treasure comes in surprising packages.
Grading Tips for Shipwreck Coins
Handling coins like my Duoro sovereign taught me some grading tricks. Always look for PCGS or NGC certification – they’re the gold standard for authenticity. Silver coins can surprise you underwater; salt levels and seabed conditions affect corrosion differently. With El Cazador pieces, I love how dark patinas add character without hurting value. Gold usually fares better (it’s chemically lazy), so focus on luster and strike details. And never underestimate provenance – a solid salvage history makes all the difference at the marketplace.
Market Observations and Collecting Opportunities
Shipwreck coins have wild market stories. I’ve got an old 1967 receipt showing an 8-reales sold for $20 plus tax! Today? Hundreds easily. Heritage auctions recently moved a Duoro sovereign in mint state for serious money (check lot #30083). If you’re starting out, watch for giveaways – I enter every Admiral Gardner drawing I find. Their booklet presentations make perfect entry points. Here’s my tip: mix in tokens or coral-encrusted artifacts to build character without draining your wallet.
Share Your Own Treasure Stories
Whether it’s a sentimental coin or a barnacle-encrusted relic, this collecting niche delivers real adventure. Stick with well-documented wrecks for peace of mind. Now I’m curious – what’s your favorite find? Show off your treasures below and let’s keep the hunt alive!
