Gold Cobs from the Florida shipwrecks of the 1715 Fleet & other New World wrecks. Spanish Colonial gold and silver coins from Lima, Mexico, Cuzco, Bogotá, Cartagena, and other mints.





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                           FROM THE 1715 PLATE FLEET


L 63. Lima 1711 M eight escudos, lustrous, gorgeous golden color, struck in high relief on a large, round planchet. A choice mint state example of a 1715 Fleet onza. NGC MS 63 1715 Fleet.  SOLD        



        Before the salvage of the 1715 Fleet,  all Lima onzas 1708-1714 were rare to extremely rare. Happily, 50 years of salvage on the 1715 wrecksites has changed that and made most of these dates collectible. The 1711 Lima 8 escudos was an early favorite of collectors and also jewelers--the lucky 7-11 date was very popular in Las Vegas. Many 1711's went into jewelry in the 1960's and 1970's and are now, unfortuntely, re-appearing in the numismatic marketplace without mention of their jewelry use. NGC has been diligent in spotting and refusing to grade ex-jewelry coins. Collectors who are not experts in examining gold cobs are well advised to buy certified 1711 onzas.



      In 1710 the Lima mint began to add a second date in the legend on the pillar side. For some reason this change was abruptly suspended in 1711 and no Lima 1711's show a second date. Recent speculation has suggested the innovation was suspended because full approval for a die change had not yet been received from Philip V in Spain.  The War of Spanish Succession was still very much undecided and communication with Philip V was unreliable. No documentary evidence suggests Philip V was deeply concerned whether Lima escudos showed a second date.  Most likely, some local concern caused the Lima viceroy Ladron de Guevara to order assayer Melgarejo (M) to revert to the traditional style of single date dies. Archival research is on-going on this question.

     The quality of this Fleet 8 escudos speaks for itself. It was struck with almost perfect centering and high relief on a very round, big (32 mm) planchet.  Very few 1711 onzas are this well centered or this round, and many have substantial doubling, including broken crosses and doubled pillars. The surfaces here are lustrous and pristine with absolutely no trace of circulation or mishandling. NGC has decided to call it an MS 63 on its first visit to the grading services (with only one MS64 known to either service).



 SOLD and 480-595-1293