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El Cazador Silver Two Reale Coin dated 1783
[#09-35359]
$125.00
El Cazador Silver Two Reale Coin dated 1783
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ON JANUARY 11TH, 1784 THE SPANISH SHIP "EL CAZADOR" SAILED FROM VERA CRUZ, MEXICO FOR NEW ORLEANS CARRYING 450,000 PESOS OF SILVER REALES. THE VESSEL AND ITS CREW DISAPPEARED INTO THE GULF OF MEXICO, SINKING WITHOUT A TRACE. THE SPANISH NEEDED THIS SHIPMENT TO STABILIZE THE WEAK MONETARY SYSTEM IN COLONIAL NORTH AMERICA. WHEN THE SHIP SANK SPAIN, LOSING THE LAST MEANS OF SUPPORTING ITS STRONGHOLD IN NORTH AMERICA, WAS FORCED TO SELL THE LOUISIANA TERRITORY TO FRANCE'S NAPOLEAN. IN 1803 NAPOLEAN WAS FORCED TO SELL LOUISIANA TO THE UNITED STATES FOR SIMILAR REASONS. THE WRECK OF THE "EL CAZADOR" WAS ACCIDENTALLY DISCOVERED BY THE FISHING VESSEL "MISTAKE" IN 1993. THIS SHIPWRECK TRULY CHANGED AMERICAN HISTORY. This 2 reale "busto" coin has average seawear on both sides. It bears the shield and crown of Phillip III of Spain set between the Pillars of Hercules, with the oM mintmark, the 8 denominnation, and the FF assayer's marks in the upper left quadrant.The bust of Carlos III with the date 1783 is on the obverse. It is accompained by a certificate of authenticity from the original salvor Craig Boyd. These coins are getting rare and expensive because almost the entire collection has been bought up and is being sold for high prices. Weight 4.8 grams and measuring 28mm. by 28 mm.


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