8 Reales Pillar Dollar from the Famous "El Cazador" Shipwreck 1759-1788 Premium Condition, Certified as Genuine by NGC

Item Number

513-101
8 Reales Pillar Dollar from the Famous "El Cazador" Shipwreck 1759-1788 Premium Condition, Certified as Genuine by NGC
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8 Reales Pillar Dollar from the Famous "El Cazador" Shipwreck 1759-1788 Premium Condition, Certified as Genuine by NGC
8 Reales Pillar Dollar from the Famous "El Cazador" Shipwreck 1759-1788 Premium Condition, Certified as Genuine by NGC
8 Reales Pillar Dollar from the Famous "El Cazador" Shipwreck 1759-1788 Premium Condition, Certified as Genuine by NGC
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This large silver coin is part of the cargo recovered from the famous and historically important wreck of the Spanish war ship "El Cazador". The coin has been encapsulated and certified to be Genuine by NGC (Numismatic Guarantee Corporation).  (230+ years old)

The loss of this vessel was part of a series of events that dramatically altered the destiny of both Spain and the United States. On January 11, 1794, El Cazador sailed from the port of Vera Cruz, Mexico, for New Orleans carrying 450,000 pesos of minted silver coins. The vessel and her crew disappeared into the winter seas without a trace.

Carlos III, the King of Spain, (1759-1788), had intended the immense cargo of silver coins on board El Cazador to be used to redeem nearly worthless paper currency then in circulation in Spanish-owned Louisiana. The ill-fated pesos were to have stabilized the Spanish monetary system in colonial North America and hopefully, to have solidified Spain's North American holdings. At the time of the loss of El Cazador, Spain was facing economic exhaustion, primarily due to 250 years of overseas conquest and decades of war. After the loss, Spain's North American holdings continued to weaken and the King commenced negotiations to sell or trade Louisiana. In 1800, a reluctant King Carlos IV (1788-1808) conveyed Louisiana to France's Napoleon for some minor European considerations. Three years later, in 1803, Emperor Napoleon of France sold Louisiana, approximately one million square miles of North America, to President Thomas Jefferson's United States. The purchase price was fifteen million dollars, about 3 cents per acre.

The treasure of El Cazador, had it arrived, was meant to redeem the financial affairs of one country; instead, the destiny of the United States was changed, its size instantly doubled. There is no way to know what the history of Louisiana, the United States and the world would have been had the El Cazador completed its voyage.

On August 2, 1993, the wreck site of El Cazador was accidentally discovered by Capt. Jerry Murphy, the captain of a fishing vessel named "Mistake." A partnership was formed to salvage the wreck site of El Cazador, and the United States District Court for the Eastern District of Louisiana awarded all of the items salvaged from the wreck site to the partnership. The modern-day discovery of El Cazador's treasure provides this unique opportunity to own a coin from "the wreck that changed the world."

Includes:
• 8 Reales Pillar Dollar from the Famous "El Cazador" Shipwreck 1759-1788. Premium Condition, Certified as Genuine by NGC