1779 MO FF Mexico 8 Reales El Cazador 8R Shipwreck Coin NGC Certified,& Story

Description

1779 MO FF Mexico 8 Reales El Cazador 8R Shipwreck Coin NGC Certified,& Story
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.01 No Reserve Auction.
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T
his 8 Reales coin was discovered by divers at a 200 + year old Gulf Of Mexico shipwreck site.
France, Spain and England ventured on long voyages to expand their empires from the 1600's to the
1800’s and established colonies outside of their homelands. One of the ways to keep the new colony
under control for the mother country was to command its currency. Usually the monarch or some other
symbol of power from the initial country would be minted on these coins. The coins would also bear
symbols and other devices that would tie the coin to that colony. The money would have some kind of
fixed exchange rate with the mother country. Another way to keep the colony in line was to make the
currency worth less than the money from the main country.
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