$58,250
Denomination: 8 Escudos
Reign: Philip V
Mint: Lima
Assayer: "M" Crystobal Melgarejo - (1709-1728) Assayer for 1715 Fleet coins
Date: 1712 (MO)
Weight: 26.83 gm
Grade: AU DETAILS
Certification: NGC 6932927-001
Description: Philip V 8 Escudos. Obverse: The classic pillars of Hercules are on full display, Double dates. Clear mint mark, Assayer's mark. PVA across middle of soon (PLUS ULTRA). Reverse: Bold strike on cross side with clear lions and castles in all quadrants.
History: Presented here is the iconic "Lima's 8's" type considered a hallmark of pirate treasure and highly sought-after in advanced conditions. July 27th the combined Fleet of Don Antonio de Echeverz and Captain-General Juan Estevan de Ubilla weighed anchor in Havana. The convoy heads northeast, bound for the Gulf of Florida and then to Spain. At 2:00 am on July 31st, violent hurricane force winds blow from the East-north-east. One after another the ships are driven onto the shore of Florida into the jagged reefs. Ten of the eleven ships are pounded to death, some with all hands. The treasure of these ships is spread over miles of beach spewed out over rocks, shallows, and sand. Some are recovered by a salvage operation in 1716. But most lie in these waters, undisturbed for another 265 years.
6932927-001