Margarita Shipwreck Coin set in 14k , Grade 3, 4 Reales #82M-6078-1

Authentic Santa Margarita Shipwreck Coin Grade 3, 4 Reales set in 14K Gold  Number: 82M-6078-1 Denomination: 4 Reales Mint: Potosi Reign: Philip III Mint Maker: Not Visible Date: Not Visible Grade: THREE (3) Approx. 1.75” long (including the bail), 1” wide On September 6, 1622, the heavily laden treasure galleon of King Philip IV’s Tierra Firme Fleet struck a reef and sank in a raging storm near the Florida Keys. All attempts to locate the shipwreck failed until the location of the primary cultural deposit was made by Mel Fisher and Treasure Salvors, Inc., on July 20th, 1985. The Nuestra Senora de Atocha carried over 200,000 hand stamped silver coins from mints in Potosi, Lima and Mexico City. Silver coins are referred to as “pieces of eight” and were measured in reales. Their denominations are 8 reales, 4 reales, 2 reales, 1 real, ½ real and ¼ real. An 8 reales silver Atocha coin was roughly equivalent to one month’s pay for a sailor in the 1600’s. Due to the crude