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Historical Background
Shipwreck coins. Philip V (1700-1746). 8 reales. 1737. Mexico. MF. (Cal-1446). . Fantastic specimen with a very sharp strike and all details well defined. Attractive toning with different hues. Very superficial saltwater corrosion.
Recovered from the “Rooswijk” shipwreck, sunk in 1739 off the southeast coast of England.
Slabbed by NGC as UNC Details, Saltwater Damage. Special “Shipwreck Blue Label”. Includes photo-certificate of authenticity R/TH/423, issued and signed by Terry Hiron on behalf of the salvors.
The Rooswijk, a Dutch East Indiaman, sank in 1739 on the treacherous Goodwin Sands off southeast England, going down with her entire crew and 30 treasure chests. The wreck remained buried under shifting sandbanks until 2004, when changing tides exposed it and allowed the recovery of two complete chests and hundreds of silver ingots. Salvage operations continued in 2005 under official supervision. Since then, the market has seen hundreds of Mexican silver cobs from the 1720s-1730s, several transitional klippes dated 1733-1734, and numerous pillar dollars, along with a handful of pieces from other mints. Est...1500,00.
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