Atocha Shipwreck - 2 Reales - Grade 1 - Seville Mint - 14K gold and Diamond Mount

"Not all coins found on the Atocha were minted in the New World.  This is an excellent example of such a coin. One theory would be that it belonged to one of the merchants on board the Atocha in 1622 and that it came Spain on a previous voyage.  Seville minted coins are Rare to the Atocha wreck." 

Denomination: 2 Reales

Reign: Phillip III

Mint: Seville, Spain

Assayer: "B" circa 1599-1619

Weight: 6.58 grams

Grade: One

Mount: 14K gold with 0.25 carat Diamond accents 

History: On September 6, 1622, the heavily laden treasure galleon of King Philip IV's Terra Firme Fleet struck a reef and sank in a raging storm near the Florida Keys. More than two hundred and sixty persons perished and tons of gold, silver, and other precious cargo were lost to the sea. All attempts to locate the shipwreck failed until the location of the primary cultural deposit were made by Treasure Salvors, Inc. on July 20th, 1985. 

Most of the coins recovered from the Atocha were minted in the New World and usually have irregular shapes. They were manufactured by cutting coin blanks from crudely cast bars of refined silver bullion; then clipped to the requisite weight, heated, and hand-hammered between crudely engraved dies. 

Coins of Philip II (1556-1598) and Philip III (1598-1621) bear a simplified Hapsburg Shield on the Obverse. The legend, if complete, reads "PHILLIPVS II (III) DEI GRATIA." Philip II (III) By the Grace of God." The reverse has a cross with castles and lions in the quarters. The legend reads "HISPANIARVM: ET : INDIARVMREX," "King of Spain and the Indies."