$8,602.00 USD
Struck in 1751 at the Santiago Mint under the reign of King Ferdinand VI, this gold 8 Escudos coin, often referred to as a "doubloon," represents the pinnacle of Spanish colonial wealth in South America. These coins were integral to the vast treasure fleets transporting riches from the New World to Spain. This particular specimen is notably associated with the Nuestra Señora de la Luz, a treasure ship that met its fate in 1752. The ship sank during a storm near Montevideo, Uruguay, while en route to Spain laden with gold and silver. Although much of the treasure was salvaged shortly after the wreck, a significant portion remained undiscovered until 1992, when modern salvage operations recovered numerous coins in remarkable condition.
Obverse: Features the armored and draped bust of King Ferdinand VI facing right, with the date 1751 inscribed below. The legend reads: “FERDINANDUS VI D G HISP REX” (Ferdinand VI, by the Grace of God, King of Spain).
Reverse: Displays the crowned Spanish coat of arms, encircled by the collar of the Order of the Golden Fleece, symbolizing the monarchy's chivalric order. The mintmark “SO” (Santiago) and assayer's initial “J” are positioned on either side of the shield. The inscription reads: “NOMINA MAGNA SEQUOR” (I follow the great names).
Specifications:
Denomination: 8 Escudos
Mint: Santiago, Chile
Assayer: “J” (José Larrañeta)
Composition: Gold (.917 fine)
Weight: 27.0674 grams
Diameter: 34 mm
Catalog References: KM# 3
Condition and Rarity:
Graded NGC MS61, this coin is exceptionally well-preserved, showcasing sharp details and lustrous surfaces. Coins recovered from the La Luz shipwreck are rare, especially in mint state grades, making this a highly sought-after piece for collectors of shipwreck and Spanish colonial coinage.
