Shipwreck reales

[the_Thing ®]

Anyone else have any shipwreck reales? I have several Atocha pieces, many 1715 fleet pieces and a few Lucayan Beach cobs. I used to have a complete set from the Santa Margarita, which I regret selling to this day. I'm looking at buying some more Santa Margarita material.

[GDJMSP]

Most of them are vastly overpriced, often anywhere from 2 to 10 times what you can buy the same coin for - without the shipwreck pedigree. Yeah I used to like the idea of owning shipwreck coins too - but not that much. It is especially bad with the Spanish colonial.

 

If the shipwreck pedigree is what strikes your fancy, then look to the Netherlands gold ducats. There were a few cases where the entire mintage of a given year/mint went down with the ship. And on those the premium is minimal and most of the coins are MS.

[the_Thing ®]

I prefer Caribbean shipwrecks. And they demand a higher price because they are historic and well documented.

[stinkycheese1]

Most of them are vastly overpriced, often anywhere from 2 to 10 times what you can buy the same coin for - without the shipwreck pedigree. Yeah I used to like the idea of owning shipwreck coins too - but not that much. It is especially bad with the Spanish colonial.

 

If the shipwreck pedigree is what strikes your fancy, then look to the Netherlands gold ducats. There were a few cases where the entire mintage of a given year/mint went down with the ship. And on those the premium is minimal and most of the coins are MS.

 

GDJMSP, I did a quick google search for shipwrecked ducats and all I could find were ones costing $1100+. Is this what you had in mind? I'm interested in ducats right now as gold coins, do you know where I can buy some from this shipwreck you're talking about? How much should they cost?

 

Thanks

 

[ant]

here is mine

 

[rbrown4]

The only shipwreck coin I have I found for almost nothing in an Antique Store in Texas, not worth much. From the East India Company

 

[GDJMSP]

 

GDJMSP, I did a quick google search for shipwrecked ducats and all I could find were ones costing $1100+. Is this what you had in mind? I'm interested in ducats right now as gold coins, do you know where I can buy some from this shipwreck you're talking about? How much should they cost?

 

Thanks

 

Without knowing which coin you are talking about it's hard to say. But that price seems mighty high. Here are two for examples - the first is from the Akerendam wreck.

 

 

The second is from the Vliegenthart wreck. In both cases the entire mintage was on the ship. I paid less than $500 for each coin.

 

 

[stinkycheese1]

GDJMSP ,

 

where can I buy one of those ducats at that price?

 

[physics-fan3.14]

GDJMSP ,

 

where can I buy one of those ducats at that price?

 

With gold where it is now, you probably can't.

[BULLY]

Anyone else have any shipwreck reales?

 

I have an 8 Reales coin from the el Cazador, similar to the one shown, though it's certified by NGC.

 

They've gone up in price I think, but the (ok everyone, GASP now), Morgan Mint www.morganmint.com is selling el Cazador coins, including the 8 Reales coin that I got, certified by NGC:

 

http://www.morganmint.com/product.cfm?Prod=3192

 

Boxed and slabbed for $295 now.

 

Before XMAS, QVC had them too, at $263, but the box wasn't as nice, and at the time, the sale price was cheaper at Morgan Mint -- both NGC certified. After the sale, an instant coupon, and a rebate, it was less than $180.

 

I don't know about you, but I always google coupons for the web site I am shopping at to see if I can save some more too, sometimes 10% or more. Enter site name and coupon code and voila! In this example type: MorganMint.com coupon code

 

A quick search revealed at least two different 10% off codes, and that was on the first site I checked -- there were others!

 

So, if you were into this coin, from this merchant, that would be $29.50 right off the top at the time of purchase, then see below about how to get another 5% cash back rebate, for another $14.75! Between the two discounts, it knocks quite a bit off the price, albeit still substantial.

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