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Showcase Auction 61263  27 Mar 2022
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Lot 97179

Starting price: 1 USD
Price realized: 9500 USD
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Mexico
Philip IV Plugged/Regulated Cob 8 Reales ND (1621-1667) Fine (Corrosion, Plugged), Mexico City mint, Cal-Type 275. 41mm. 25.36gm. From the 1711 Feversham shipwreck. A very interesting Philip IV 4 Reales, with mild corrosion (in comparison to other Feversham coins we've seen) and three regulation plugs, raising it to the weight of an 8 Reales for circulation in Colonial North America. A good representative of this popular US colonial type that illustrates the New York trade in the early 1700's.

Sunk off Scatarie Island (Nova Scotia) in 1711, the HMS Feversham sailed from New York escorting a British fleet to attack Quebec, when coming too close to rocks set her demise. The invasion itself was ruined due to the entire fleet being sunk by storms, with no successful attempts on salvaging the wreck. In the 1960's, treasure hunters begun salvaging what came to be proven as the 1711 wreck. The Feversham carried an important cargo, dubbed the "merchant's hoard", including everyday coins of early North America, such as regulated Spanish types and New England coinages. These regulated cob survivors illustrate how the Spanish coins were adjusted to the New York trade standards, with the Feversham remaining the sole source for shipwreck cobs with obvious silver plugs to adjust the coin's weight.

Ex. Stack's (January 1999, Lot 1188)

https://coins.ha.com/itm/mexico/mexico-philip-iv-plugged-regulated-cob-8-reales-nd-1621-1667-fine-corrosion-plugged-/a/61263-97179.s?type=DA-DMC-CoinArchives-WorldCoins-61263-03272022

HID02906262019

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