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Historical Background
Shipwreck coins. Philip IV (1621-1665). 8 reales. 1659. Lima. V. (Cal-1247). . 24,01 g. “Star of Lima”. Mintmark L★M at center, with full date below and 8/V - 8/V at sides. Well-struck at the center, with weak areas at the peripheries. Nearly complete pillars-and-waves and virtually complete cross, with the castles especially well detailed. Virtually no saltwater corrosion, visible only next to the left pillar. Very rare.
Recovered from the “Jupiter Wreck” (San Miguel Arcángel), sunk in 1659 off the east coast of Florida.
Slabbed by NGC as AU Details. Special “Shipwreck Blue Label”.
Ex Daniel F. Sedwick 18 (29/10/2015), lot 560.
San Miguel el Arcángel, known as the “Jupiter wreck,” was a Spanish galleon lost in 1659 off Jupiter Inlet, on the east coast of Florida. Although not a major treasure galleon, the vessel carried a cargo of particular numismatic significance: specimens of the rare 1659 Lima coinage known as the “Star of Lima” issue, intended for presentation to the king.
In October of that year, the ship was caught in a hurricane, ran aground on a sandbar and quickly broke apart. Only 34 of the 121 people on board survived, and they were captured by the indigenous Ais, preventing any immediate salvage of the wreck. The site was partially located in 1987 by Peter Leo, and subsequent recoveries have yielded Spanish colonial cob coinage from Mexico, Potosí, Bogotá and Cartagena, together with particularly important silver specimens of the rare 1659 “Star of Lima” issue. The wreck is therefore of considerable importance for the study of Spanish-American monetary circulation in the 17th century. Est...6000,00.
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