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Cobs and Shipwreck Coins

One of the main events that came from the discovery of America and colonization by the Spaniards was the discovery of huge deposits of silver and gold. Major mints were established in Mexico, Bolivia and Peru to coin the treasure that was being produced by the mines or confiscated from Native Americans and that treasure had to be transported back to Spain. Unfortunately, weather prognostication at the time was not what it is today and many of the ships carrying coins were sunk when they encountered hurricanes in the Caribbean. Fortunately for us, many of these shipwrecks have been discovered and the cobs and shipwreck coins they produced are now available to collectors. At Black Mountain Coins we feature cobs and shipwreck coins from several of these wrecks.

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