El Cazador Shipwreck - 8 Reales - Dated 1783 - Grade Fine Plus

Denomination: 8 Reales                                                                                                Date: 1783 Reign: Carolus III                                                                                                Mint: Mexico Assayer: F.F. Weight: 22.2 gm Grade: Fine Plus Description: Spanish Cob from the wreck of the El Cazador.  Obverse: Legend (Carolus III – DEI GRATIA). Translation: “By the grace of god”. Bust of Carolus III facing left. Reverse: Shield between two Pillars (Pillars of Hercules). Legend: (HISPAN ET IND REX). Translation: “By the Grace of God, King of Spain and the Indies”. History: Sometimes called "The Shipwreck That Changed the World," the story of the ill-fated El Cazador really speaks volumes about early American History. In the 1770's, the Spanish controlled Louisiana Territory's economy was failing, and was heavily reliant on the arrival of Mexico-minted Spanish coins to help boost the economy. Charles III of Spain ordered Captain