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Research Coins: Feature Auction

 
Sale: CNG 69, Lot: 1934. Estimate $2000. 
Closing Date: Wednesday, 8 June 2005. 
Sold For $2750. This amount does not include the buyer’s fee.

CHILE. Ferdinand VI. 1746-1759. AV 8 Escudos (27.00 gm, 12h). Santiago mint; assayer J. Dated 1751. Laureate, draped, and cuirassed bust right / Crowned coat-of-arms within Order of the Golder Fleece; mint and assayer marks below. ME 10123; Calicó & Trigo 62; KM 3. EF, matte surfaces from water deposition. ($2000)

From the River Plate Treasure (Sotheby's New York, 24-25 March 1993), dies M/7.

The River Plate Treasure is believed to be the cargo of the Nuestra Señora de la Luz, a Spanish-Portuguese treasure ship that foundered in a storm off Montevideo on 2 July 1752. Although most of the precious cargo was salvaged soon after the wreck, some 2000 gold coins and ingots were recovered in 1992, and part were sold by order of the Uruguayan government.