Streetabar87

Absolutely! Having a background and history of shipwreck coins always makes the collection more interesting and building the collection more fun!

I Think you are right, I may have to be tasked to complete this story and get it corrected on Wikipedia. Below is a link to the New York Times calling out the Grumpy Company published in 1993. "Mr. Horan, the lawyer, said in a presentation in New Orleans on Dec. 6 that the overall salvage group, known as the Grumpy partnership, was "vitally interested in proper conservation of the artifacts and the educational aspects of this adventure." In the partnership, Myrna Reahard, the wife of the fishing vessel's owner, is in charge of counting the coins and keeping track of all the artifacts and recoveries from the wreck site." https://www.nytimes.com/1993/12/19/us/1784-spanish-ship-is-found-in-gulf.html

I agree, very strange name for a company, but this is what I have found online in multiple source locations. "Jim and Myrna Reahard of Grand Bay, Alabama, and four partners purchased three trawlers in 1989, including the Mistake, and formed the Grumpy Company. Sailing out of Pascagoula, Mississippi, fishermen sought butterfish feeding on the bottom in deep waters of the Gulf. On more than one occasion, the Reahards daydreamed of what they would do if one of their boats found a treasure ship. When their dream came true in August, 1993, they agreed the first step would be to hire a good maritime law attorney. They soon found one when David Horan, who won a case in the Supreme Court for treasure salvor Mel Fisher, took the case. He promptly suggested the Reahards form a salvage partnership and file an Admiralty claim on the site. Located 50 miles south of New Orleans, the ship was in international waters where federal maritime law supersedes state law. This was a major break for the company they named Grumpy Partnership. Otherwise, it would have faced the state bureaucracy if the wreck had been found closer to the shoreline. There were permit applications and other delays, but after the Grumpy group appeared in U.S. District Court and won ownership, the door to major salvage was opened."

I agree, these coins are pretty fun, especially with their backstory, and a fairly inexpensive shipwreck coin to own. I plan on setting up a small display with all of these coins and a little backstory about the El Cazador with some cert of Auth there as well.

Thank you for your input! Yea I was thinking of just having them all slabbed by NGC and labeled "Genuine", but I guess I could just have them in an off the shelf plastic case for display purposes and not spend the money on the grading. I think it would really just depend on the total cost of having both coins graded as El Cazador Shipwreck "Genuine" if it would really be worth it.

Hi, These two coins were actually bought through a company and comes with a document about the coin as well as specific serial numbers

Thanks for the feedback! Yea, I was considering sending both coins in so that I could have the whole set in slabs. I figured it may be easier to sell the set if they were all in NGC graded slabs later on down the road.

Hi All, I am fairly new to coin collecting and have really been fascinated by the El Cazador shipwreck coins. So much so, that I have been able to collect 1/2 Reale, 1 Reale, 2 Reale, 4 Reale and an 8 Reale from the shipwreck. The only two Reales that are not in the NGC Slab are the 1 Reale (1783) and the 4 Reale (1778). Would it be worth it to have these two coins graded and slabbed by NGC? I have a document of Authenticity for each coin. Below are the front and back of the coins. Thank you!

Thank you Ali, Yes, I was able to put the 1/2 Reale in two other competitive sets, but still unable to place it in the "One-per-denomination - El Cazador Shipwreck" Competitive set. I look forward to the review outcome of my request! Thanks again!

Hello, I recently started to register some of my El Cazador shipwreck coins to the One-Per-Denomination-El Cazador Shipwreck Competitive set. I was able to add my 8 Reale (3500483-087) to the Competitive set, but was unable to add my 1/2 Reale to this competitive set even though the 1/2 has been graded and certified genuine to the El Cazador shipwreck from the NGC registry. I Believe I have submitted a request to add this 1/2 Reale coin to my competitive set. Please let me know if I am missing anything or have possibly submitted this request incorrectly. Thank you for your help! Below is the details on the 1/2 Reale that I have submitted a request to be added into the One-Per-Denomination - El Cazador Shipwreck competitive set.