How are shipwreck coins graded?

NGC has established grading standards for shipwreck effect coins on an A, B, and C scale for the severity of surface problems resulting from exposure to saltwater, combined with a details grade to describe wear on the coin prior to saltwater exposure. … Coins in the “B” category will have above-average eye appeal.

Similarly, What is a cob coin?

Cobs are the original “treasure coins.” Struck and trimmed by hand in the 16th through 18th centuries at Spanish mints in Mexico, Peru, and Colombia (among others), silver and gold cobs are handsomely crude, nearly all with a cross as the central feature on one side and either a coat-of-arms (shield) or a tic-tac-toe- …

Additionally, How do you authenticate shipwreck coins? NGC Genuine Designation for Authenticated Shipwreck Coins

Recovered artifacts may be identified by attestation from the individuals who discovered the wreck, an independent archeological survey or other means. The assigned pedigree and authenticity of the wreck are subsequently confirmed independently by NGC experts.

What is shipwreck effect?

SHIPWRECK EFFECT A – a coin exhibiting minimal surface disturbance from saltwater exposure, and exhibiting superior eye appeal for a shipwreck artifact.

Who found the SS Republic?

The wreck of Republic was found by Captain Martin Bayerle in 1981. She lies upright approximately 50 miles (80 km) south of Nantucket Island at 40°26′0″N 69°46′0″W in approximately 270 feet (82 m) of water.

How much is a cob coin worth?

The coin in the photo is in marginal condition and would probably fetch $80 US dollars or so in retail value. Prices go as low as $20 for crude, uninteresting specimens.

What is a silver cob coin?

As additional silver deposits were discovered in the colonial territories there was a pressing demand to export it to Spain as quickly as possible. To do this, starting in the reign of Philip II, the mints produced irregular coinage called cobs. A bar of silver was simply cut into chunks of the appropriate weight.

How much is a Spanish gold coin worth?

Spanish American gold coins were minted in one-half, one, two, four, and eight escudo denominations, with each escudo worth around two Spanish dollars or $2.

What is shipwreck effect coins?

SHIPWRECK EFFECT A — A coin exhibiting minimal surface disturbance from saltwater exposure, and exhibiting superior eye appeal for a shipwreck artifact; … SHIPWRECK EFFECT — Portions of the coin exhibit heavy to severe disturbance from saltwater exposure, with metal loss affecting the design.

When was the Republic found?

The Republic was discovered last August in some 1,700 feet (500 meters) of water, about 100 miles (160 kilometers) southeast of Savannah.

Is billion dollar wreck coming back?

Billion Dollar Wreck is a new American treasure hunting documentary TV series airing on the History Channel. It premiered on February 8, 2016 and hails from Original Productions and Platinum Dunes Productions.

What happened to the SS Florida?

On May 20, 1897, at around 9:00 a.m., the Florida was rammed by the larger freighter George W. Roby in a dense fog off the coast of Presque Isle, Michigan. All her crew were taken aboard the Roby. During her sinking, escaping air from her hull blew her cabins off.

How much is a silver Spanish piece of eight worth?

Total metal value of the 1772-1832 First United States Silver Dollar Spanish 8 Reales is USD 11.574. Total Silver content in the coin is 90% and the Silver value of this coin is USD 11.574 ,Silver value is claculated with a spot price of USD 14.88/ounce.

How much are Spanish reales worth?

These reales were supplemented by the gold escudo, minted 68 to a mark of 11⁄12 fine gold (3.101 g fine gold), and valued at 15–16 silver reales or approximately two dollars.

How can you tell if a Spanish coin is real?

First off, grab a simple magnet and hold it near your precious metal coin. If the coin is even slightly attracted to the magnet, then you know you have a fake on your hand, as metals with contents of iron and steel are the most likely to be attracted.

What is an old Spanish gold coin?

The crossword clue Old Spanish gold coin with 8 letters was last seen on the December 10, 2016. We think the likely answer to this clue is DOUBLOON. You can easily improve your search by specifying the number of letters in the answer. …

What is Spanish treasure worth?

Known as the San Jose, the Spanish galleon was sunk by the British Navy more than 300 years ago while carrying a wealth of gold, silver and emeralds. Those riches are now worth as much as $17 billion ($A22 billion) by modern standards, but treasure hunters hoping to get a piece of the booty will be sorely disappointed.

How much is a Spanish escudo worth?

2 Escudos Doubloons

2 Escudo gold coins are also referred to as Doubloons and are worth approximately 32 reales. They weigh 6.766 grams, or 0.218 troy ounces of 22-karat gold.

How long did it take for the republic to sink?

Perhaps the gold was removed prior to the ship finally sinking, which did not take place until almost 40 hours after the collision. Divers have searched for the treasure, but nothing has ever been found.

What makes the United States a republic?

While often categorized as a democracy, the United States is more accurately defined as a constitutional federal republic. … A “republic” is a form of government in which the people hold power, but elect representatives to exercise that power.

What was the first White Star Line ship?

When White Star Line launched its first ship, Oceanic, in 1870, Cunard Lines already had two dozen passenger and cargo vessels and held the Blue Riband.

What is an 8 reale coin?

The Spanish dollar, also known as the piece of eight (Spanish: Real de a ocho, Dólar, Peso duro, Peso fuerte or Peso), is a silver coin of approximately 38 mm (1.5 in) diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497.

What is today’s price of Silver?

MONEX Live Silver Spot Prices

How much is a doubloon worth now?

The gold doubloon contains 26.66 grams of gold – slightly less than an ounce – and was worth $16 at the time, around $400 today.