El Cazador Shipwreck - 2 Reales - Dated 1777
$3,800
Denomination: 2 Reales
Mint: Mexico
Date: 1777
Reign: Charles III
Assayer: F.M.
Weight: 5.2 grams
Grade: Fine Plus
Mount: 18K Gold
Description: 2 Reales Spanish Cob from the wreck of the El Cazador. Obverse: Legend (Carolus III – DEI GRATIA). Translation: “By the grace of god”. Bust of Carolus III facing left. Reverse: Shield between two Pillars (Pillars of Hercules). Legend: (HISPAN ET IND REX). Translation: “By the Grace of God, King of Spain and the Indies”.
History: Sometimes called "The Shipwreck That Changed the World," the story of the ill-fated El Cazador really speaks volumes about early American History. In the 1770's, the Spanish controlled Louisiana Territory's economy was failing, and was heavily reliant on the arrival of Mexico-minted Spanish coins to help boost the economy. Charles III of Spain ordered Captain Gabriel de Campos y Pineda to sail the Spanish brig of war, El Cazador (The Hunter), to Veracruz, New Spain (present day Mexico), on October 20, 1783. There, she was loaded with silver Spanish coins, mostly 8 Reales. On January 11, 1784, El Cazador set sail for New Orleans and was never heard from again. Historians speculate that had El Cazador made it to New Orleans, and its treasure been able to bolster the economy, Spain might not have given the territory back to France in 1801. And, in turn, the United States would not have been able to acquire it for 15 million dollars in 1803 from the French.
Two hundred years later, about 50 miles South of Louisiana in the Gulf of Mexico, a trawler, was fishing in 300 feet of water when its net snagged on the bottom. It was August 2, 1993. Captain Jerry Murphy and his crew retrieved the net to examine it for damage. When they dumped the contents on the deck, debris and black clumps fell out. Then someone yelled "COINS, COINS, COINS!!!" - and all fishing stopped.
