Rare 1788 FM Silver 8 Reale Mexico Shipwreck Effect Milled Large U.S Silver $1

1788 Mo FM Silver 8 Reale Mexico Colonial Milled Bust Large U.S Silver $1 Dollar
1788 Mo FM 8 reales of Charles III, one of a type struck in Mexico 1773-84.
The Cazador
was a Spanish brig of war headed from Vera Cruz, Mexico, to New Orleans under the direction
of Captain Gabriel de
Campos y Piñeda. Her cargo of some 450,000 pesos of newly minted silver
coins
was meant to stabilize the fragile economy in the Spanish possession of Louisiana,
which had suffered from the use of French paper currency. The fact that the coins never arrived
probably
hastened the decision
to cede the colony to Napoleon in 1800, soon after which
Louisiana was sold to the
fledgling United States of America for $15 million.
Nobody knows how
the Cazador
was lost, and no evidence of the ship was found until 1993, when a fishing crew led by
Captain Jerry Murphy snagged their net on something about 50 miles south of
New Orleans in the Gulf of Mexico. When the net was
brought up, it spilled out hundreds of silver
coins onto the deck
of Jerry’s boat, aptly named Mistake. Shortly thereafter, the fishermen obtained
the rights to the find and began recoveries under the name of Grumpy Inc.
The dollar that George Washington allegedly threw over the Potomac could have been of this type.
The coin imaged is the coin you’re bidding on.
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