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Capitana Shipwreck
Capitana Shipwreck
Capitana Shipwreck
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Capitana Shipwreck

Vendor
Kathy Reller
Regular price
$1,200.00
Sale price
$1,200.00
Regular price
Sold out
Unit price
per 
5209
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This silver 4 reales coin was minted in Potosí, Bolivia.
 
The assayer PH is visible; Peripherally flat, edge-split with minimal corrosion. Clear full crosses, lions, and castles as well as one full pillar with bold date and denomination.
 
Included is a certificate of authenticity from Daniel Sedwick.
 
The setting of the coin is Sterling Silver.
 
This shipwreck was the largest loss ever experienced by the Spanish South Seas (Pacific) Fleet, of of which the Jesús María de la Limpia Concepción was the capitana ("captains ship" or lead vessel) in 1654. Official records reported the loss of 3 million pesos of silver, augmented a total of as much as 10 million pesos when contraband and private consignments were taken into account. By comparison, the entire annual silver production in Peru at the time was only about 6-7 million pesos. Obviously overloaded, the Capitana sank technically due to pilot error, which drove the ship onto the reefs south of the peninsula known as Punta Santa Elena, a geographic feature the pilot thought he had cleared. Twenty people died in the disaster. For eight years afterward, Spanish salvagers officially recovered over 3 million pesos of coins and bullion (with probably much more recovered off the record), leaving only an unreachable lower section for divers to find in our time. Ironically, the main salvager of the Capitana in the 1650s and early 1660s was none other than the ship's silvermaster, Bernardo de Campos, who was responsible for the ship's being overloaded with contraband in the first place. The wreck was rediscovered in the mid-1990s and salvaged (completely, according to some) in 1997. After a 50/50 split with the Ecuadorian government in 1998, investors sold most of their half of the more than 5,000 coins recovered at auction in 1999. Almost exclusively Potosí 8 and 4 reales, the coins were a healthy mix of countermarked issues of 1649-1652, transitional issues of 1652, and post-transitional pillars-and-waves cobs of 1653-1654, many in excellent condition and expertly conserved.