M thy l lt l im bo g? Since the owner of the vessel has given up trying to recover the shipwreck, the discoverer is deemed to have full rights to the content. Obviously I wasn't expecting the 2,000 mark, but I was thinking possible getting 600-700 for it. On July 20, 1985 - 35 years ago today - Mel Fisher discovered the shipwreck of the Nuestra Senora De Atocha off the Florida Keys. In fact, it can even be volatile at times. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. At a depth of approximately 56 feet, the divers had enormous difficulty retrieving the cargo. In contrast the run-of-the-mill 8 and 4s can be had for as little as $80 for a one-sided Grade IV with a certificate or if you have money to burn Mel will sell you the same piece for $650. When the ship was finally found it was rich indeed. Atocha Coins - Why Are They Used in Jewelry? An 8 reales silver Atocha coin was roughly equivalent to one month's pay for a sailor in the 1600's. Denominations of the Atocha coins were based on the "Onza" or avoirdupois ounce equaling 28 grams. Spain had come to depend on these riches to finance the almost constant wars with England and France and to cement its stature as THE world power. The 5 Worst Coin Investments You Can Make - The Spruce Crafts Generally, rare coins increase in value over the long term and can provide significant gains in many cases. Atocha Shipwreck Coins The Spanish galleon Nuestra Senora de Atocha, struck a reef and sank on September 6, 1622, during a raging hurricane near the Florida Keys. We also reference original research from other reputable publishers where appropriate. Recovering the lost cargo would have been difficult in any situation. On the Fifth of September, disaster struck as Northeast winds from a ma. How to Invest in Bitcoin: A Beginner's Guide Authentic Atocha & Margarita Coins - MFT nh con g may mn? What would you consider to be reasonable retail prices for 2, 4, and 8 Reales from the Atocha (apparently these coins are graded from 1 to 4, with 1 being highest grade and 4 being lowest)? On July 20, 1985, Fisher discovered the shipwreck of the Nuestra Senora De Atocha off the Florida Keys and the cargos value is estimated to be worth around $400 million. Atocha coins always carry a premium over other cobs of the same era. It is always only a single side on a black background. An alternative investment is a financial asset that does not fall into one of the conventional investment categories. Depending on the design of the jewelry, the pieces are priced at between $20 and $3000. Treasure coins do not have a good history of holding their value based on treasure status alone. TL;DR: Gold, like all investments, carries both risks and rewards. What are reasonable retail prices for Atocha coins? - CoinSite 72.167.226.10