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Showcase Auction 61263  27 Mar 2022
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Lot 97183

Starting price: 1 USD
Price realized: 14 000 USD
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Mexico
Philip IV Plugged/Regulated Cob 8 Reales ND (1621-1667) Fine (Corrosion, Plugged), Mexico City mint, Cal-Type 319. 41mm. 25.40gm. From the 1711 Feversham shipwreck. A Philip IV 8 Reales, bearing four regulation plugs for circulation in Colonial North America. We have been unable to find another example with the same number of plugs among the coins recovered from the Feversham wreck, certainly making this a prize piece for the most discerning Spanish Colonial and Early American type collectors.

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 Coin Galleries Mail Bid Sale (April 1998, Lot 1785)

https://coins.ha.com/itm/mexico/mexico-philip-iv-plugged-regulated-cob-8-reales-nd-1621-1667-fine-corrosion-plugged-/a/61263-97183.s?type=DA-DMC-CoinArchives-WorldCoins-61263-03272022

HID02906262019

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