FINEST KN! PERU 8 ESCUDOS 1710 NGC 63 1715 FLEET SHIPWRECK GOLD DOUBLOON COIN

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Item: 296052151488

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Composition:Gold
Year:1710
Currency:Escudo
Grade:MS 63
Country/Region of Manufacture:Peru
Certification:NGC

Peru 8 Escudos 1710 “Tied Finest Known- 1715 Fleet Shipwreck” NGC 63 Description Peru 8 escudos, 1710 H, four-digit date and HISPANIAR in legend, NGC MS 63 (1715 Fleet Shipwreck Label, “top pop”), ex-Ubilla-Echevez. 26.86 grams. overall one of the nicest Lima cob 8 Escudos we have ever seen and surely a candidate for finest strike known for this first issue to bear a second date in the legend. Incredibly broad flan with full crown and legends (bold full date in four digits, also king’s ordinal V), the inner details also full (choice cross-lions-castles, the pillars-and-waves slightly doubled on left side) and dripping with luster (tied with two others for finest in NGC census). Curiously, it appears that the E of REX in the legend is punched over a retrograde E (rotated 180 degrees), based on position of serifs (which seems to be the case for Tauler 235a as well). Crowning its virtues is this coin’s link to the very first offering of Real Eight Co. coins in 1964, dubbed the “Ubilla-Echevez Collection” (named after the Captains of the 1715 Fleet) in order not to conflict with “first rights” given to National Geographic in their classic January 1965 article “Drowned Galleons Yield Spanish Gold.” After that auction, apparently the coin went to Mel Fisher, who gave it a certificate, and then to one of his investors, the last time it changed hands until now. From the 1715 Fleet, with (small) hand-signed Mel Fisher certificate dated September 17, 1966, pedigreed to the Henry Christensen Ubilla-Echevez auction of October 1964 (lot 152). 1715 Fleet Shipwreck In the evening of July 30, 1715, seven days after departing from Havana, Cuba, 11 of the 12 ships from this fleet were lost in a hurricane near present day Vero Beach, Florida. Because the fleet was carrying silver, it is also known as the 1715 Plate Fleet (plata being the Spanish word for silver plate). Some artifacts and even coins still wash up on Florida beaches from time to time. Around 1,000 sailors perished while a small number survived on lifeboats. Many ships, including pirates, took part in the initial salvage. Initially a privateer, Henry Jennings was first accused of piracy for attacking such salvage ships and claiming their loot. Thus, earning this coinage the name of “Pirate’s Gold!” The story begins with the “War of the Spanish Succession” ending, as well as the death of the Spanish Queen. King Philip found a new bride, Elizabeth Farnesse, Duchess of Palma and needed a new Queen’s Dowry. The king would send two separate fleets to the New World (after the government had cancelled all sailing from the Americas to Spain for two years), which would load up at separate ports ~ Vera Cruz and Cartegena, then meet up in Havana. The plan was to have one large Armada with a heavy navel escort, carrying the accumulated precious metals and jewels from the last three years. Of which, the average year sailed in between 90 and 120 million francs. Treasure ~ The Cartegena Fleet arrived first in Havana (in March), loaded down by chests filled with Gold coins (from Santa Fe de Bogota), Colombian Emeralds from Muzo mine and gold jewelry from Peru. Awaiting the fleet of Vera Cruz, commanded by Gen. Don Juan Eseban de Ubilla, carrying Gold and Silver ingots. However, Don Juan was delayed in Vera Cruz awaiting pack mule trains from Acapulco. Finally, in the first week of May the mule train arrived with their silks, ivories and blue and white porcelains. The details of the Queen’s Jewels are blurry at best but were known to include and Emerald ring weighing in at 74 carats, a heart designed from 130 matched pears, a pair of earrings each of 14 pearls and a rosary of pure coral. There were 8 chests in total and stowed in Ubilla’s cabin (who was a senior military officer and had overall command). After many other delays, finally the Galleons left Havana on Wednesday July 24th, with favorable winds pushing them at nearly 6 knots. By the 29th the winds were over 70 knots, with gusts hitting over 100 knots. The chaplain said, “the water flew in the air like arrows, doing injury to those it hit.” Finally, at 2:30am on July 31st, the flagship hit the reefs and torn apart, throwing all off her decks and 223 sailors were pounded to death by the rocks. More than 700 men were missing, wreckage and bodies scattered for almost 30 miles along the coast. For the next four years the Spanish attempted to salvage the treasure, but finally ceased in 1719. The dangers or sharks, pirates and Indians were just too great. Records show approx. 30% of the inventoried treasure was recovered, which is a low estimate due to much of the inventory being kept off the books to avoid the king’s tax. There was an estimate of 14 million pesos registered treasure lost. This sunken fleet of Galleons is still giving up her Treasure! In 2010 the claim owners discovered the only bronze swivel gun ever found on the 1715 Fleet. Tucked away inside this the bronze cannon were 51 Gold Escudos and 40 Silver Reales. Shortly after was another discovery of the most amazing artifact, the “Pelican in Piety,” worth $885,000. Then in July 2014, the claim owners crew recovered another 51 Gold escudos valued at $300,000. Most recently, another find of 50 Feet Gold Chain and 5 additional Gold escudos were just recovered, approx.. $300,000 in value.32

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