The value of an El Cazador coin can vary significantly depending on several factors, including its denomination, condition, and certification. El Cazador was a Spanish vessel that sank in 1784 carrying a cargo of silver coins (Reales) from Mexico to the Louisiana Territory.
Here’s a breakdown of El Cazador coin values:
- Denomination: El Cazador coins were issued in various denominations, with 8 Reales (“Pieces of Eight”) being the most common, followed by 4, 2, 1, and 1/2 Reales. Naturally, higher denominations generally command higher prices.
- Grade/Condition: As shipwreck coins, El Cazador coins often exhibit wear, corrosion, and other effects from their time underwater. Coins with minimal damage and clearer details typically have higher values. Coins are often graded as “Genuine,” or with a numerical grade like VF-20 (Very Fine) or higher.
- Certification: Coins certified by reputable numismatic grading services like NGC (Numismatic Guaranty Company) and ANACS (American Numismatic Association Certification Service) tend to be more valuable and sought after by collectors.
- Rarity: While 1783-dated coins are the most common from the El Cazador shipwreck, certain years or specific varieties can be rarer and thus more desirable for collectors.
- 8 Reales: Certified 8 Reales coins can range from around $250 USD to upwards of $475 USD.
- 1 Real: Certified 1 Real coins tend to fall in the range of $187 USD to $260 USD.
- 1/2 Real: Prices for certified 1/2 Real coins can start around $95 USD, with some fetching over $160 USD.
- Pendants: El Cazador coins, particularly 8 Reales, are also popular as pendants. These can range from around $900 USD for silver settings to over $1,850 USD for gold settings.
Note: Prices for El Cazador coins, especially rare ones or those in pristine condition, can vary significantly between sellers and auctions.
- Specialty Dealers: Dedicated dealers specializing in shipwreck coins are a good source for authenticated El Cazador coins.
- Online Marketplaces: Platforms like eBay offer a wide selection of El Cazador coins. However, exercise caution and ensure you’re dealing with reputable sellers.
- Numismatic Auctions: Auctions can be a good way to find unique El Cazador coins, particularly higher-grade examples.
In conclusion, El Cazador coins hold significant historical value and are sought-after by collectors. The price of an individual coin depends on various factors, but in general, certified 8 Reales in good condition will command the highest prices. It’s always advisable to consult with a reputable dealer or grading service for a precise appraisal of your El Cazador coin.
How many coins were recovered from El Cazador?
The ship sailed to Veracruz, Mexico, where she was loaded with approximately 450,000 Spanish reales. To be more precise, she was loaded with silver Spanish coins, mostly 8 reales, “Pieces of Eight,” It carried 400,000 silver pesos and another 50,000 pesos worth of smaller change, of various dates.
How to tell if atocha coin is real?
From my experience, Provenance: Authentic Atocha coins come with well-documented histories and certificates of authenticity, tracing their recovery back to the shipwreck. Mint Markings: Inspect the coin for mint markings, date, and denomination, as these should align with the historical records.
Are shipwreck coins worth anything?
From my experience, Among the most interesting of rare coins, shipwreck coins are highly sought after because of their unique stories. Whether it’s a coin from the infamous “Ship of Gold” or other sunken treasure from a bygone era, shipwreck gold and silver offer great value for such an interesting piece.
How to tell if a shipwreck coin is real?
From my experience, Certificates, historical documents, and any records tied to the shipwreck discovery are your key to verifying its authenticity. This is one of the most important ways to tell if a treasure coin is real or if it’s a counterfeit coin.