1772 (Inverted FM) Spanish Colonial (Mexico) 8 Reales form the wreck of the El Cazador

Discussion in 'Silver Coins' started by OzBenzBitz, Apr 19, 2022.

  1. OzBenzBitz

    OzBenzBitz Active Member Silver Stacker

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    Hey folks, just wondering what your opinion of this coin is....
    1772 (Inverted FM) Spanish Colonial (Mexico) 8 Reales form the wreck of the El Cazador
    It is NGC Certified Genuine & in a Shipwreck Holder.
    For those who don't know (Most Aussies)...

    The Spanish ship El Cazador (The Hunter) set sail in January 1784 from Vera Cruz, Mexico bound for the port in New Orleans. Unforeseen turbulent weather and rough seas led to the ship’s demise and loss of over 10 tons of silver coins.
    Due to its loss and resulting economic hardship, Spain eventually gave up the Spanish Louisiana territory to France. This vast land area eventually became part of The Louisiana Purchase (from France) by President Thomas Jefferson in 1803.

    Apart from that, it is a "Variety" or "Error" with the inverted Assayers Mark FM/MF, a very early date for the wreck (most are dated 1783) & from what I've seen is one of the better preserved examples from the wreck AND 1772 is also the first year of the Carlos III Bust Type Mexico 8 Reales Coin

    So, my question is; Does the history relating to the loss of the El Cazador and how it relates to the ultimate Louisanna Purchase add value to this coin or is it just the same as any other shipwreck 1772 8 Reales?

    Also, what is a coin like this realistically worth?
    IMG_20211023_055821.jpg IMG20211020155417.jpg
     

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