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Mexico - El Cazador Carlos III - 8 Reales - 1783 MoFF - NGC Genuine - Shipwreck Coin

Mexico - El Cazador Carlos III - 8 Reales - 1783 MoFF - NGC Genuine - Shipwreck Coin - On January 11, 1784, the Spanish brigantine of war, El Cazador, sailed from Veracruz, Mexico, bound for New Orleans. The ship was carrying 450,000 pieces of newly minted silver coins. The King of Spain, Carlos III, authorized the coins to be used to redeem the nearly worthless Spanish paper money being used in Spanish owned Louisiana. The ship never made it to its destination, sinking with her cargo and crew in the winter seas, disappearing without a trace. Without his cargo of silver coins to solidify the Spanish monetary system in Louisiana, Carlos III was forced to sell or trade the territory. In 1800, a reluctant Carlos IV conveyed Louisiana to Napoleon, Emperor of France. Three years later, Napoleon sold Louisiana to Thomas Jefferson for the princely sum of $15 million. The demise of El Cazador changed the course of US history. On August 2, 1993, the location of the sunken El Cazador was discovered by Captain Jenny Murphy of the fishing vessel Mistake, 209 years after her disappearance. This coin has been authenticated and its provenance guaranteed by Numismatic Guaranty Corporation, NGC, one of the leading third-party grading services.
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Mexico - El Cazador Carlos III - 8 Reales - 1783 MoFF - NGC Genuine - Shipwreck Coin - On January 11, 1784, the Spanish brigantine of war, El Cazador, sailed from Veracruz, Mexico, bound for New Orleans. The ship was carrying 450,000 pieces of newly minted silver coins. The King of Spain, Carlos III, authorized the coins to be used to redeem the nearly worthless Spanish paper money being used in Spanish owned Louisiana. The ship never made it to its destination, sinking with her cargo and crew in the winter seas, disappearing without a trace. Without his cargo of silver coins to solidify the Spanish monetary system in Louisiana, Carlos III was forced to sell or trade the territory. In 1800, a reluctant Carlos IV conveyed Louisiana to Napoleon, Emperor of France. Three years later, Napoleon sold Louisiana to Thomas Jefferson for the princely sum of $15 million. The demise of El Cazador changed the course of US history. On August 2, 1993, the location of the sunken El Cazador was discovered by Captain Jenny Murphy of the fishing vessel Mistake, 209 years after her disappearance. This coin has been authenticated and its provenance guaranteed by Numismatic Guaranty Corporation, NGC, one of the leading third-party grading services.
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