The value of coins recovered from the El Cazador shipwreck can vary significantly based on factors like:
- Denomination and type: 8 Reales coins (often called “Pieces of Eight”) are common, while rarer denominations or specific minting varieties (like the 1781 Lima minted 8 Reales) can command higher prices.
- Condition: Coins in better condition, despite being submerged for centuries, are more valuable. Saltwater and the environment can impact the coin’s integrity.
- Certification and grading: Coins certified as genuine by reputable grading services like NGC or PCGS often have increased value and buyer confidence.
- Encapsulation/Holder: While some collectors prefer coins in original shipwreck encapsulation or plaques with provenance information, some coin dealers suggest that removing coins from slabs for display or rehousing doesn’t necessarily diminish their value, as long as documentation of the shipwreck origin is maintained.
Based on recent market information, here’s a general overview of El Cazador coin values:
- Silver 8 Reales: Certified genuine 8 Reales coins can range from around $250 to $365, depending on the seller and condition.
- Other Silver Denominations (1/2, 1, 2 Reales): Prices vary but are generally lower than 8 Reales. You can find prices ranging from $42.95 for a lower-grade 1/2 Real up to $260 for a high-grade 1/2 Real. Certified 1 Reale coins are priced in the $150 to $260 range. Certified 2 Reales coins are available from approximately $125 to $250.
- Coins set in jewelry: El Cazador coins set in gold or silver pendants and rings are also available, with prices ranging from approximately $900 for a 1/2 Reale in a silver setting to over $2,000 for an 8 Reales in a 14K gold setting.
It’s important to remember that these are general ranges, and current market conditions or specific coin characteristics can affect the actual price. Always purchase El Cazador coins from reputable dealers and consider independent appraisal if you’re making a significant investment.
How many coins were recovered from El Cazador?
From my experience, 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.
Are shipwreck coins worth anything?
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.
Who found the El Cazador shipwreck?
Today I had the opportunity to interview Jerry Murphy, the fish trawler who discovered the lost Spanish Shipwreck El Cazador back in 1993 when his crew brought up their net to see it was filled with silver Spanish coins! He is a very smart and cool guy who tells great stories.
How to authenticate a shipwreck coin?
NGC Genuine Designation for Authenticated Shipwreck Coins
Recovered artifacts may be identified by attestation from the individuals who discovered the wreck, an independent archeological survey or other means. The assigned pedigree and authenticity of the wreck are subsequently confirmed independently by NGC experts.