She was one of twenty-eight vessels in the Terre Firme Fleet, heading to Spain with trade goods and treasure. Atocha Treasures: The Value of Atocha Coins - Blogger Is Investing in Rare Coins a Good Investment? Atocha coins always carry a premium over other cobs of the same era. Originally, the silver coins were measured in reales, each measured in onzas, where one onza equaled 28 grams. Gold ETFs vs. Gold Futures: What's the Difference? You will need to match the coin with the certification and make sure the appraisal also matches. 2/3 of its value has been lost in 2 years. Their target market is not the coin collector. Summary: Atocha coins come from the most valuable shipwreck in history. Most shipwreck coins are going to carry a variable premium over the spot, Demystifying Cryptocurrencies, Blockchain, and ICOs. Atocha Shipwreck Coins Found By Mel Fisher Is Investing In Gold A Bad Idea? Here's What You Should Know - Forbes What is the most famous shipwreck of all time? Is cryptocurrency a good investment option in 2023? 8+ Ounces Silver From Norway, Collection Of Coin Fold/Holder For Sale (Prefer To Sell All To One Person), For Sale: 1911 George V Coronation 8 Coin Silver Proof Set, For Sale: 5 Sovereigns; 1907, 1908 And 1910, For Sale: UK 2020 2 Silver Proof Queen's Beasts White Horse Of Hanover 1 Oz Ag, For Sale: Die Varieties Of United States Large Cents 1840-1857, For Sale: Silver Eagles, 40% Silver Kennedy's And 50 Pence, For Sale: 2023 Tuvalu Proof Baby Rabbit Colorized Perth Mint 1/2 Oz Ag 50 Cents, Coin Community Selling Rules - Updated Feb 23 2023. nh con g chnh xc 100%. Mel Fisher I cant imagine finding even one Galleon but he lost Family and Friends in his search, he paid a high price. Toned coins with brilliant colors have been selling for extremely high prices even in common grades. Since many sunken treasure coins don't survive their ordeal well, the promoters often sell off the lower-grade material in fancy holders and plaques that try to imply that the condition doesn't matter because this coin is from a famous shipwreck. He eventually won the case and was awarded rights to all the treasure found on the Atocha. The . Who found the atocha shipwreck? However, toning is a natural process that occurs when foreign substances interact with the coins metal. TimesMojo is a social question-and-answer website where you can get all the answers to your questions. You can expect to pay around $300-$500 for a good coin. Atocha Coins Why Are They Used in Jewelry? Belleair Coins 166 subscribers Subscribe 10K views 2 years ago What is an Atocha coin? At a depth of approximately 56 feet, the divers had enormous difficulty retrieving the cargo. The saga of Mel Fisher and his search for this treasure stayed in the public press for years. I stand corrected on value, I didn't notice that it was a 4 reales. It should only be considered if you have a . TL;DR: Gold, like all investments, carries both risks and rewards. read more, Average star voting: 3 ( 95598 reviews), Summary: Are Shipwreck Coins a Good Investment Because of Their Gold Value? Are Shipwreck Coins a Good Investment Because of Their Gold Value? Experts recommend if you are buying coins from a shipwreck as an investment, buy only the highest grade coins. Sent any coins of these types, to a third grading services. 1980 Lincoln Penny - Would This Be Considered Red Or DCAM Colour? An 8 reales silver Atocha coin was roughly equivalent to one month's pay for a sailor in the 1600's. Due to the crude hand-struck minting process, no two coins look alike. They're perfect for those interested in antiques and historical narratives that have stood the test of time. The Atocha is the late Fishers most famous find, but his company is currently in the process of salvaging three other wrecks the Santa Margarita, which went down with the Atocha, and another ship that was also believed lost in the same storm, as well as a wreck off the east coast of Florida code-named Lost Merchant . How to Invest in Bitcoin: A Beginner's Guide The estimated $450 million cache recovered, known as The Atocha Motherlode, included 40 tons of gold and silver; there were some 114,000 of the Spanish silver coins known as pieces of eight, gold coins, Colombian emeralds, gold and silver artifacts, and 1000 silver ingots. Generally, no. Xrdax, yours is genuine. Learn about investing in collectibles. PCGS Genuine, AU Details 2 Escudo, 1715 Fleet type.. Rare Atocha Two Reale, Potosi Mint mark, Q over M .. Atocha Two Reale in 18kt Bezel, Potosi Mint, NV As.. On the Fifth of September, disaster struck as Northeast winds from a ma, Match with the search results: The coin of choice for jewelry is the small 2 reales. You could lose money if you miss the opportunity to sell quickly or the market becomes flooded. A Grade #2 Atocha coin is near the top. Personally I don't think that certificate is worth the paper it's written on. All of the gold and silver onboard at the time would not be recovered until 250 years later. This Is Fantastic! 3 Jewelry Store Scams to Avoid in Key West! - Conch Jeweler Stick to big coins (BTC,ETH) top 10 in mcap should do fine in the future. According to many experts, the best type of investment coins are rarer, key date coins issued by the United States, in the best grade you can afford. If a demand for a particular coin or series of coins gains in popularity, the price can soaronly to crash later if the coins popularity decreases. How much is a piece of eight from the Atocha? Atochas offers an incredible prime collection of fully documented Atocha Coins in 2 and 8 reales denominations set in gold bezels as well as precious Columbian emeralds all from the Atocha Shipwreck with Mel Fisher's Certificates of Authenticity. The Atocha carried an estimated 7,175 ounces of gold in bars and discs; 1,038 silver bars; approximately 255,000 hand-stamped silver coins from mints in Potos, Lima, La Plata, Mexico City and Santa Fe de Bogot; 15 tons of Cuban copper; 300 bales of indigo; and 500 bales of tobacco. The discovery of a new shipwreck full of coins will affect both supply and demand. He then went on to discover the main pile of the Nuestra Seora de Atocha in July of 1985. I don't know to what degree it matters, but the certificate lists the grade as "2". Mounted Coins. An exciting adventure story of the search and discovery of what is proving to be the most fabulous treasure wreck of all time. The Fuji film snap shot were common for Leah Miguel certs. And Potosi didn't start minting pillar and cross coins like this until 1652. Today's value is estimated to be at least $98,000, even more, if it's from a rare mint. Below are the best information and knowledge on the subject douche coin how to buy compiled and compiled by our, Laundromat Delivery Service In Irvine, CA Enjoy launderette delivery service in Irvine, CA from Bolt Laundry. Nm M Thy Tm nh Con G, S My Chun Xc Nht? Plus they still have an ongoing salvage operation going on the Atocha site. Authentic Atocha & Margarita Coins - MFT Gold coins of good purity usually survive mostly unscathed. What Are the Different Types? Is It a Good Idea to Invest in Rare Coins? Ethereum cost just over $4,000 per token at its peak in mid-May. IOTA will be considered as a good investment option, and with the huge IOTA community, IOTA price will hit the new highs. read more, Average star voting: 5 ( 13625 reviews), Match with the search results: Authentic Grade 2 Coins ; NEW ARRIVAL Authentic Atocha Grade 2, 4 Reales mounted in 14k Bezel with Diamonds & Emerald. However, the more hype you see surrounding a shipwreck coin treasure sale, especially when it comes to a famous lost treasure ship, the more likely it is that the coins will decreasein value over time. The only place anyone is going to get $2300 for that coin is in the "Mel Fisher Treasure Museum" where they sell "the romance of the ship wreck and recovery" to tourists off the cruise ships in Key West. Pack of 24 PCS Natural Wooden Vase Filler Ball D-1.5, Kch thc sn bng 5 ngi tiu chun FIFA mi nht, Cm nang du lch Sc Sn 2022 t A-Z: Lu tr, i li, vui chi, FIFAaddict Tra cu d liu cu th trong FIFA Online 4, Thu Thy Fashion gii thiu b su tp Gi nng. Striking Double Struck Atocha Two Reale in 18kt Be.. 173X PARTIALLY DATED EIGHT REALE FROM THE ROOWSIJK.. 1729-1730 Mexico City Mint, Eight Reale, Grade I, .. Atocha sank in 1622. In general, rare coins are a fairly nonvolatile asset type. Common grade 2 Atocha 8 reales sell at large coin shows in the $100 range. Definition, Investing, Insurance and Types, Investing in Collectible Cars: Top Tips and Risks. Silver Certificate Dollar Bills: What They're Worth Today. She has conducted in-depth research on social and economic issues and has also revised and edited educational materials for the Greater Richmond area. U.S. Silver Coins: When They Ended and What Theyre Worth, U.S. Classic Commemoratives & Government Sets. Are Shipwreck Coins a Good Investment Because of Their Gold Value? Cch ti FIFA mobile Nht Bn trn in thoi Android, iOS, Nm m thy la nh con g? (The "money chain" is valued at about $100,000 and hangs below your waist, but that's not what we are talking about here!) How to Buy Floki Inu in 2022 Best Cryptocurrency Exchange for FLOKI, Pokmon BDSP: How To Get The Luck Incense (& What It Does), I HC S PHM TH DC TH THAO THNH PH H CH MINH (Ho Chi Minh City University of Physical Educations and Sport), V tr phong cch ca Louis Vuitton tin nhp vo cuc sng | ELLE. Silver Coins. read more. Todays value is estimated to be at least $98,000, even more, if its from a rare mint. Mel Fisher and his company Treasure Salvors, Inc., discovered the main wreck site on July 20, 1985 and ultimately recovered over 160,000 silver Spanish colonial coins. When lots of new specimens of a rare coin type hit the market, the value of the coins usually deflates due to the increased supply. Dogecoin's record high, however, was just $0.68. Professional numismatic curators are best qualified to perform this process. Puzzle Rings What Are They and Should I Buy One? Atocha coins are very cool and as we mentioned, rich in history. in 2022, Top 4 how many steps do you need to get a play coin in 2022, Top 22 how to change usd to bit coin on virwox in 2022, Top 5 how many sets in premier coin sets in 2022, Top 13 realm grinder how much faction coin find chance is needed for the ancestral hour glass in 2022, Top 8 the advocate of womens suffrage who is pictured on the one-dollar coin. You can also learn about this field by collecting through coin shows, reading books and articles, talking to coin dealers, and joining coin clubs. Mel Fishers Treasure Museum is located at 1322 U.S. Highway 1. It took 0.5 seconds to rattle this change. Copyright 2005 - 2023 Coin Community Family- all rights reserved worldwide. Atocha coins come from the most valuable shipwreck in history. Tommy G. Thompson was once one of the greatest treasure hunters of his time: A dark-bearded diver who hauled a trove of gold from the Atlantic Ocean in 1988 dubbed the richest find in U.S. history. Denominations of the Atocha coins were based on the Onza or avoirdupois ounce equaling 28 grams. If you are serious about collecting recovered treasure and sunken treasure ship coins, take some time to educate yourself about the realities of these coin types. If you are looking to invest in gold proper, you are best to find the cheapest gold above-spot. CALL NOW TO START YOUR ADVENTURE! read more, Average star voting: 5 ( 69356 reviews), Match with the search results: Authentic Atocha & Margarita Coins ; NEW ARRIVAL Authentic Atocha Grade 1, 8 Reales mounted in 14k Bezel. If youre just getting started investing in rare coins, consider connecting with a mentor who can guide you through researching the value and potential future value of coins. The hurricane caused damage to eight of the ships, the Atocha included, with only five people from the Atocha surviving the disaster. Atocha coins are an important part of history, and this has given them great value. Only buy coins from reputable coin dealers and coins that are certified by Professional Coin Grading Service (PCGS) or Numismatic Guaranty Co. (NGC) or one of the three third-party coin grading services. Forget about the shipwreck coin status and other marketing traps. What should I do if I have one and am looking to. Another excellent book on the subject, but hard to find, is Stephen Voynick'sMid-Atlantic Treasure Coast - Coin Beaches and Treasure Shipwrecks from Long Island to Maryland's Eastern Shore. Atocha coin Real Or Fake | TreasureNet The Original Treasure Hunting Still unable to find the COA amongst his pile of paperwork (theres a whole lot) and sent an email to the C, Are Shipwreck Coins a Good Investment Because of Their Gold Value? The metal had been donated away from the coin, to move toward the connected coin. If you can find Grade II Atocha 8R (or 4R) for $100 a pop at these large shows (ACTUAL Atocha pieces, with proper Treasure Salvors photocerts and flip tags, of course not generic sea salvage) you should back the wheelbarrow up! Altcoins make. Coin Description Common investment vehicles include stocks, bonds, commodities, and mutual funds. She is a member of the American Numismatic Association (ANA) and holds several certifications. Since no two coins look exactly alike as they were struck by hand when being minted, a big part of how to identify the coins is based on the weight of the originally minted coins. With a price that low, it's one of the most affordable investments out there. Thanks in advanceIt's in an auction and they say it's real. When you buy the precious metal outright, you might feel like you've struck gold (literally). However, this asset can help you diversify your portfolio and reduce risk. How much does it cost to invest in Mel Fisher? investing in rare coins has the advantage of potentially providing significant profits. In contrast the run-of-the-mill 8 and 4's can be had for as little as $80 for a "one-sided" Grade IV with a certificate or if you have money to burn Mel will sell you the same piece for $650. Are Shipwreck Coins a Good Investment Because of Their Gold Value? Over time, with more specimens on the market, the values of the coins almost always decrease due to increased supply. Grade Three - $1200 and up. Atocha 2 Reales Grade 1 (OVERWEIGHT COIN) $7,900. In 1920's the stock market was just as volatile as crypto is today. Is Dogecoin a Good Investment in 2023? The study of the coinage of Spain and The New World is a vast undertaking and takes up history, politics, technology, religion, sociology, language and even mythology. It is a $100 dollar coin. Why Investing in Precious Metals Is a Bad Idea - Ramsey On July 20, 1985 - 35 years ago today - Mel Fisher discovered the shipwreck of the Nuestra Senora De Atocha off the Florida Keys. 86 Rare Encrusted 1733 Fleet Eight Reale, 1733 date, .. Consolacion Four Reale Grade 1, Potosi Mint, E Ass.. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech and strategic finance in top universities. Experts recommend if you are buying coins from a shipwreck as an investment, buy only thehighest grade coins. The best way to start investing in rare coins is to find a mentor who can guide you through how to determine the value of rare coins. Even though minted recently, these are considered a valuable part of history, because the silver comes from the original load of the Atocha. Contact our Treasure Specialists: (800) 434-1399 or (305) 295-9555 email: onlinestore@melfisher.com Sort by 1 in stock Unfortunately, the toning can continue to the point it becomes ugly and may even damage the coin. $5,300.00 ; NEW ARRIVAL Authentic Atocha Grade 3, 8. It is the most sought after shipwrecked coin. This alloy of gold and copper can react with the environment to produce some spectacular toning and certain situations. Here is what you need to know! Why Do Cross Country Runners Have Skinny Legs? Today, theyre viewed as antiques of great value. When the ship was finally found it was rich indeed. Top 10 Coins Worth Collecting - Investment List - The Spruce Crafts We can have a custom mount created specifically for you in the design of your choice. Ive bookmarked your site so I guarantee you Ill be returning often! Here is what you need to know! Most shipwreck coins are going to carry a variable premium over the spot price of gold. It seems like one would be different than the other one. In contrast the run-of-the-mill 8 and 4s can be had for as little as $80 for a one-sided Grade IV with a certificate or if you have money to burn Mel will sell you the same piece for $650. Some high rollers are involved. My buddy claims this is a real Atocha coin, is he wrong? Are they still finding treasure on the Atocha? - TimesMojo Gamb (GMB) price prediction is 0.0032983330468231 USD. Shiba Inu (SHIB): Should You Be Investing? | GOBankingRates What is an Atocha coin? By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Additionally, when coins are retrieved from a shipwreck they are usually covered or encrusted with sediment. A discoverer who finds a shipwreck pursuant to the law of finds is entitled to the full value of all of the goods that are recovered. The token then retraced to hit the yearly low at $0.066 before climbing once again. Just like when you hold a dollar bill in your hand, you have the security of being able to actually have your investment in the form of gold bars or silver coins in your hand (or stuffed in your safety deposit box). That represents a more than 89% decrease from its high of $0.00008 on Oct. 26, 2021. Special Reports and Downloads., Numismatic Guaranty Co. NGC Coin Grading Scale., American Numismatic Association. Grade One - $2400 and up. Numismatists include collectors, scholars, and dealers. People need to own a part of the story - not just of the shipwreck, but of Mel's efforts and dogged determination in the face of tragedy, financial obstacles, and fighting the government for ownership. Rare-coin investing can be profitable for long-term investing. New . Atocha 1622 Shipwreck - 4 Reales - Grade 2 - Mexico mint - Dated: #618 $6,600. Got This Coin from Ebay 10 yrs ago. What would you consider to be reasonable retail prices for 2, 4, and 8 Reales from the Atocha (apparently these coins are graded from 1 to 4, with 1 being highest grade and 4 being lowest)? Investing in rare coins is more unpredictable in that way. Chris is not suggesting or telling you how or what to invest in. Gold Coin Jewelry. How to Buy Jewelry for Your Girlfriend A Blokes Guide. It's a site that collects all the most frequently asked questions and answers, so you don't have to spend hours on searching anywhere else. 11 watching. Grading coins, or verifying their authenticity and defining standards, was opened to third-party grading services in the 1980s, which helped remove some of the risks of investment. For example a 8 Reales that weighed 27 grams when it was minted might only weigh 14 grams today (Grade IV). Grade Two - $1800 and up. 72.167.226.10 Hello all, been lurking around here for awhile and thought I would chime in to ask why would almost 24 grams of basically 22k gold be worth only $200-$500? Buy 90% Silver Coins for Melt Value See How! In reality, a collectible is only worth what an interested party is willing to buy or sell for, and you can find Atocha coins . When sunken treasure coins are brought up from a long lost shipwreck, it's an exciting event for many collectors. VERY RARE 1731 DATED EIGHT REALE FROM THE ROOWSIJK.. Rare 1730 Dated Eight Reale from the Roowsijk Wre.. Sharp 1736 dated Mexican Pillar Dollar Recovered F.. Ex Boyd Collection El Cazador Coin Stack of 3. Bitcoin, the largest cryptocurrency by market cap, is a risky investment with high volatility. Sometimes the jewelry is sold as it is, and other times they are encased with silver or gold to make them even more valuable. Investing in Sports Cards: Is It a Good Place for High Returns? You will need to match the coin with the certification and make sure the appraisal also matches. Atocha Shipwreck Coins The Spanish galleon Nuestra Senora de Atocha, struck a reef and sank on September 6, 1622, during a raging hurricane near the Florida Keys. Overall, the coins recovered are graded based on the condition they were found in as follows: Seeing as most of the coins salvaged from the wreckage were damaged, silver from the treasure chest is currently used to mint replicas of Atocha coins. Be aware of the potential for counterfeit or doctored coins, which theProfessional Numismatists Guild (PNG) defines as altering a coins surface to diminish or conceal defects and misrepresent its condition and value. Generally, no. People need to own a part of the story - not just of the shipwreck, but of Mel's efforts and dogged determination in the face of tragedy, financial obstacles, and fighting the government for ownership. Rare Atocha Two Reale, Potosi Mint mark, Q over M .. Add to Cart . You can also read books and articles on the topic, attend coin shows, or join coin clubs. 11. The rare-coin. When you are deciding if a coin from a shipwreck is worth the asking price, you must evaluate the coin on its own merits. They're probably a lot more common than most people realize, but if you want to invest in this type of material, learn what the numismatic rarities are, what the "common junk" is, and the grades of the average specimen. How to watch Avengers Age of Ultron on Netflix: Style vintage nam: 100+ cch phi phong cch vintage p. What Is a Collectible? Learn more aboutthe Atoch, La Nuestra Senora de Atocha, constructed in Havana Harbor, left the port of Havana on September 4, 1622, after much delay in construction. But of the Atocha, she said, "There are really few investments that have such an. Coin flipping is a strategy that aims for short-term gains with coins, but it can be risky. Investopedia requires writers to use primary sources to support their work. Tin tt hay xu? Atocha Coins - Why Are They Used in Jewelry? Unfortunately, for you, I wouldn't hold out hope on your example realizing a net appreciation if sold at auction. Home | About | Contact | Copyright | Report Content | Privacy | Cookie Policy | Terms & Conditions | Sitemap. For a better experience, please enable JavaScript in your browser before proceeding. It's one of the original altcoins, and therefore also has a tremendous market cap when compared to other altcoins. The treasure is estimated to be worth around $400 million. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Authentic coins are in high demand !! Atocha 8 Reales Grade 1 in 14K gold Mount $5,800. Depending on the design of the jewelry, the pieces are priced at between $20 and $3000. There are lots of these coins around. If the estimate is correct, there are at least 2,999,999 shipwrecks still sitting on the ocean floor waiting to be found. Mel Fisher's Treasures - Authentic Shipwreck Treasure, Atocha Coins - MFT What Does an Investor Do? L im g? Match with the search results: ATOCHA Shipwreck Coin Dated 1621 Grade One+ 8 Reales 22K Gold Bezel ~Atochas.com. Add to Wish List Compare this Product. This coin looks like it might be from the Consolacion. Please call or email at anytime for assistance with your purchase. More Than Just Stocks and Bonds, Safe Haven: Definition and Examples in Investing. Jennifer Nelson writes about all things money--personal finance, investing, saving, credit cards and insurance for numerous publications including AARP, Next Avenue, Credit Karma, Real SImple, Citi and many others. Thanks for your help! Atocha 2 Reales Grade 2 $5,500. Often, being underwater for centuries degrades the condition of the coins. Coins from sunken treasure ships can be very appealing when we think we're getting a bargain, or we believe that they will increase in value quickly. Summary: Are Shipwreck Coins a Good Investment Because of Their Gold Value? Denominations of the Atocha coins were based on the "Onza" or avoirdupois ounce equaling 28 grams. However, United States gold coins made for circulation have always contained 10% copper. Princess Cut Diamond Buying Guide All You Need to Know, 4 Stunning Alternatives to Diamond Engagement Rings, Second Wedding Dress Ideas Dos, Donts and Tips. You may be interested in the following articles on the same topic: Your email address will not be published. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Before you consider Bitcoin as an investment, you should carefully consider your own goals and determine what you want to accomplish in your investment activities. Whats the Difference Between Sterling Silver and 925 Silver? As a general rule, this means buying MS-64 or better specimens that have been graded and slabbed by a reputable grading service. *****IMPORTANT INFO****-I recently inherited my Dads Atocha Coins and silver jewelry after a sudden and heartbreaking passing one year ago today. What are they worth? The rare-coin market can fluctuate like the stock market as demand for a particular coin increases and wanes. The difference, however, lies in the cross on the other end of the coin. 2022 - 2023 Times Mojo - All Rights Reserved The coin of choice for jewelry is the small 2 reales. Hundreds of thousands of coins, bars and other artifacts were found strewn on the ocean floor. The fleet eventually met a bad end and has been declared the most valuable shipwreck in history. I must be getting something wrong here? The coin looks good to me. FOR LUCKY INVESTORS, THE GAMBLE PAYS OFF - Sun Sentinel Top 10 what is the value of an atocha coin in 2022 - Gu y Investing in rare coins is no substitute for traditional investments to reach your financial goals. Spain knew that the frail ships were no match for nature and knew that it would lose ships to storms, accidents or by attack from hostile nations. However, I know nothing about these at all, and have done close to zero research (didn't even bother checking eBay completed auctions). TheHapsburg Shieldidentify the lands that were controlled by the Hapsburg kings, starting with King Philip II in 1556 and ending with King Charles II in 1700. Having a variety of U.S. coins, precious metals like gold bullion coins, and classic gold coins like the double eagle can improve your portfolios diversity. Had no calamity befallen any of the many ships traveling the Columbus route from the New World to Spain and back, the cob coinage produced in The New World would be rare indeed. However, the average coin is not worth $20,000. In one of the Ozarks biggest mysteries, The Old Spanish Treasure Cave in the northwest corner of Arkansas is believed to hold hidden treasures buried by Spanish conquistadors fleeing from Native Americans over 350 years ago. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. An 8 reales silver Atocha coin was roughly equivalent to one months pay for a sailor in the 1600s. The Spanish culture ministry has begun an inventory of shipwrecks in the Americas, identifying 681 vessels that sank between 1492 and 1898. Did the coin have a flip and insert? The obverse shield side of the coin has some pockets typical of using electro chemical cleaning on a group or clump of coins stuck together by silver sulfides. Mel Fisher's Treasures. Jon H. writes: Dear Doc: Save my name, email, and website in this browser for the next time I comment. The American Numismatic Association is a nonprofit dedicated to educating people about coin collecting. Gold coins, on the other hand, were measure in escudos, with one escudo equaling two 8 reale coins. Remember that these coins were essentially weights or counters. To be honest, this coin is in such bad condition no-body would want to buy it. Sedwicks, a great coin auction house sells pirates coins all the time in auctions and they will tell you if it is real, and if yes, how much it is worth.
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