Thanks txhurl.
That many coins would have diluted the value of oldish silver coins on the market.
Amazing how much treasury over the last 500 years was sent in cargo that sank. I guess Europe had 10 year hurricane-free seasons in the Atlantic that lulled them into confidence to keep shipping stuff. But Lloyd’s of London was there to pay the claims.
“That many coins would have diluted the value of oldish silver coins on the market.”
True, but an actual government-issued coin is generally more desirable/valuable on an ounce-per-ounce basis than, say, a silver ingot, even if it’s stamped, serialized, and so on. And these had an interesting story.
I’m guessing that they were not in good condition. I wonder if they “tested the waters” by selling a few as-is first.
Thanks txhurl.
