Watch List notes:

CHILE: Fernando VI, 1746-1759, AV 8 escudos, 1751-So, KM-3, Fr-3, assayer J, although not indicated on holder, clearly from Nuestra Señora de la Luz wreck, PCGS graded MS61. The Nuestra Señora de la Luz went down in a storm with the loss of all hands while at anchor off the coast of Montevideo, on the estuary of the River Plate (Rio de la Plata) in 1752. The wreck was located in April of 1992 and divers working under Rubén Collado began to recover gold coins from the wrecksite. This find was remarkable because of the large quantity, and beautiful condition of the gold 8 and 4 Escudos coins which were salvaged. Most of the coins had been minted at the newly created New World mint at Santiago de Chile. The coins were dated mostly 1750 and 1751. Approximately 800 coins dated 1751 were salvaged, and 100-150 dated 1750. Along with the Santiago gold, a small number of Lima and Bogota 8 and 4 Escudos, as well as Lima and Potosi silver cobs, were also salvaged. In addition, some beautiful gold ornaments and boxes, as well as gold ingots, were retrieved from the bottom of the ocean. The Government of Uruguay, which had ownership of the treasure, commissioned the auction house of Sotheby's to sell the coins, ingots and other objects in 1993.

Estimate: 3000-4000 USD