1715 FLEET RARE* 1714/GRAT MEXICO 8 ESCUDOS NGC 64 "SHIPWRECK" PIRATE GOLD COINS
Mexico 8 Escudos 1714 GRAT "The rarest of the 1714 Varieties!" Ex. Parke-Bernet "Treasures of the Spanish Main" (Feb 4, 1967), lot 191. Calico Plate coin for this variety (Calico #395). Great History on this coin selling 54 years ago in auction!
This is the TRUE Date over GRAT! Normally on this variety when they struck the Date Over "GRAT" on the coin the date was 90% illegible, but NOT on this piece, GREAT DATE!
(We are not trying to be be deceiving the dull photo is the authentic photo, we photoshopped an improved photo inside the holder to make it look a little nicer)
We await some forthcoming archival research to know the definitive story of the 1715 varieties, but here is what appears to be the case. At the beginning of 1714 the Mexico City mint die sinkers prepared a new design fo rthe escudos, closely imitating the design of Seville. This on the orders of Philip V, who wsa (justifiably) unhappy with the often abysmal style of the Mexican onzas 1710-1713. This design, which featured the date on the reverse and GRAT in usual place for the date, was used for some time in 1714, but proved unpopular for reasons that are not clear. The mint ambandoned this design and junked all but one of these dies which it decided was still serviceable enough at least for a few days usage. On this GRAt die, the die sinkers did their best to re-engrave the 1714 date over the GRAT legend, but both the 1714 and GRAt were visible on the coin. Thus was the created the coin we see here.
1714 over GRAT's are much rare than the GRAT variety that preceded it and the standard 1714 design that followed. The Florida State Collection lacks a specimen comparable to the present one. So did Ubilla (1964). Schulman 1972 had two good 1714/GRAT. This one, auctioned in New York in February of 1967, has to be ranked among the 2 or 3 best known. Most 1714/GRAT display partial dates with truncated digits and letters. For the collector who wants to build a real choice set of the 1714 varieties, with a coin that has a wonderful pedigree to Real 8 and their Parke-Bernet Sale in 1967, there is unlikely a comparable coin available for many years.
Gray coral and matrix tell us, as if we needed confirmaiton, that is a Douglas Beach coin, surely a "Carpet of Gold" coin from the summer of 1964, when thousands of beautiful Mexican escudos were found in a few hundred spare yards. Douglas Beach is the wreck site of the Mexican 1715 Fleet patache NIEVES. This rare Fleet onza weighs 26.9 grams and has a diameter of 33mm.