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You have NEVER seen anything like this!

AbueloAbuelo Posts: 1,820 ✭✭✭✭✭
edited June 12, 2024 5:07PM in World & Ancient Coins Forum

I bet nobody has seen anything like this, therefore, enjoy!

https://www.jesusvico.com/es/lote/I170-2723-2723/1015-463-felipe-v

For those who like HIGH grade coins this one is a must. I'm sure is a bit out of my price range.

An MS68 1715 8 escudos... madness!

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Comments

  • AbueloAbuelo Posts: 1,820 ✭✭✭✭✭

  • SimonWSimonW Posts: 890 ✭✭✭✭✭

    Wow! You’re right. An MS68 1700’s shipwreck coin, that’s nuts!

    I'm BACK!!! Used to be Billet7 on the old forum.

  • lordmarcovanlordmarcovan Posts: 43,530 ✭✭✭✭✭

    OK… wow. Yeah, you’re right.


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  • TheGoonies1985TheGoonies1985 Posts: 5,449 ✭✭✭✭✭
    edited June 13, 2024 9:55AM

    Amazing!!! Must be one of the most expensive coins from Mexico or at least in the top 5 will see what the auction closes at soon enough.

  • TheGoonies1985TheGoonies1985 Posts: 5,449 ✭✭✭✭✭
    edited June 27, 2024 10:26AM

    What is the current world record price for a Mexican coin is it the 1536 8 reales that sold over at HA for 528 000$?

  • ajaanajaan Posts: 17,362 ✭✭✭✭✭

    Nice coin.


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  • BailathaclBailathacl Posts: 1,035 ✭✭✭

    I’m no expert, but that’s insanely great.

    "The Internet? Is that thing still around??" - Homer Simpson
  • pruebaspruebas Posts: 4,523 ✭✭✭✭✭

    @bidask said:

    @PillarDollarCollector said:
    Amazing!!! Must be one of the most expensive coins from Mexico or at least in the top 5 will see what the auction closes at soon enough.

    I may be bidding.

    You may indeed. But I’m 98% sure you will not win it.

  • bidaskbidask Posts: 14,017 ✭✭✭✭✭

    @pruebas said:

    @bidask said:

    @PillarDollarCollector said:
    Amazing!!! Must be one of the most expensive coins from Mexico or at least in the top 5 will see what the auction closes at soon enough.

    I may be bidding.

    You may indeed. But I’m 98% sure you will not win it.

    well I may not... but I will run up increments anyways ;)

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • realeswatcherrealeswatcher Posts: 403 ✭✭✭

    @pruebas said:

    @bidask said:

    @PillarDollarCollector said:
    Amazing!!! Must be one of the most expensive coins from Mexico or at least in the top 5 will see what the auction closes at soon enough.

    I may be bidding.

    You may indeed. But I’m 98% sure you will not win it.

    Challenge... extended.

  • MrEurekaMrEureka Posts: 24,252 ✭✭✭✭✭
    edited June 16, 2024 10:31PM

    The last one sold was graded 62 and hammered at 250K euros. A 68 should bring a touch more. ;)

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • SimonWSimonW Posts: 890 ✭✭✭✭✭

    This doesn’t even seem real, I keep checking it thinking someone is gonna fess up and be like “yeah…we actually made a restrike!” 😂

    I'm BACK!!! Used to be Billet7 on the old forum.

  • BoosibriBoosibri Posts: 12,105 ✭✭✭✭✭
    edited June 17, 2024 9:07AM

    @TwoKopeiki said:
    This is one of those rare situations where you are safe putting a 200k bid in during pre-bidding with your wife watching and say "oops" :smiley:

    I’d be happy to try that at $300k and still feel completely safe

    Latin American Collection

  • AbueloAbuelo Posts: 1,820 ✭✭✭✭✭

    Will see. Already at 260K + juice.

  • bidaskbidask Posts: 14,017 ✭✭✭✭✭

    There are other great coins as well in this auction! B)

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • coinkatcoinkat Posts: 23,086 ✭✭✭✭✭

    I suppose the short answer is no...

    Experience the World through Numismatics...it's more than you can imagine.

  • TheGoonies1985TheGoonies1985 Posts: 5,449 ✭✭✭✭✭

    @MrEureka said:
    The catalog description of the 1715 tells how it was found on the beach after a storm. You have to wonder how many more lie below the ocean, just waiting to be found.

    Lots but in MS68 I am not so sure.

  • neildrobertsonneildrobertson Posts: 1,212 ✭✭✭✭✭

    @MrEureka said:
    The catalog description of the 1715 tells how it was found on the beach after a storm. You have to wonder how many more lie below the ocean, just waiting to be found.

    You have to be skeptical of that story. The odds of a coin surviving a storm without any larger impact to the grade is almost nil.

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  • bidaskbidask Posts: 14,017 ✭✭✭✭✭

    @neildrobertson said:

    @MrEureka said:
    The catalog description of the 1715 tells how it was found on the beach after a storm. You have to wonder how many more lie below the ocean, just waiting to be found.

    You have to be skeptical of that story. The odds of a coin surviving a storm without any larger impact to the grade is almost nil.

    Either this or the coin is overgraded at NGC .

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • MrEurekaMrEureka Posts: 24,252 ✭✭✭✭✭

    .

    @PillarDollarCollector said:

    @MrEureka said:
    The catalog description of the 1715 tells how it was found on the beach after a storm. You have to wonder how many more lie below the ocean, just waiting to be found.

    Lots but in MS68 I am not so sure.

    The coin was struck in 1715. The ship went down in 1715. That doesn't prove there will be more, but it's encouraging. As for the grade, of the handful of other Royal 8's off the same wreck, NGC has graded two 67's, three 66's and three 65's. A 68 is certainly a good one, but it's hardly an outlier.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • TheGoonies1985TheGoonies1985 Posts: 5,449 ✭✭✭✭✭
    edited June 18, 2024 1:06PM

    @MrEureka said:
    .

    @PillarDollarCollector said:

    @MrEureka said:
    The catalog description of the 1715 tells how it was found on the beach after a storm. You have to wonder how many more lie below the ocean, just waiting to be found.

    Lots but in MS68 I am not so sure.

    The coin was struck in 1715. The ship went down in 1715. That doesn't prove there will be more, but it's encouraging. As for the grade, of the handful of other Royal 8's off the same wreck, NGC has graded two 67's, three 66's and three 65's. A 68 is certainly a good one, but it's hardly an outlier.

    I meant lots of gold coins (from the New World) at the bottom of the ocean there were many shipwrecks. That is all I meant. And lots of silver coins as well in the ocean. Finding them is another matter and costly.

  • AbueloAbuelo Posts: 1,820 ✭✭✭✭✭

    When I saw the video of the coin I was in awe. But getting @MrEureka opinion of the coin is reassuring that I was not mistaken. Too bad will not be coming home.

  • pruebaspruebas Posts: 4,523 ✭✭✭✭✭
    edited June 24, 2024 1:58PM

    If the auction is in the same building as a Hermes, I guess that’s an ominous sign.

    I’ll bet @bidask is at the Four Seasons. I’ll renew my bet he’s not coming home with the MS68 gold galano.

  • MrEurekaMrEureka Posts: 24,252 ✭✭✭✭✭

    @pruebas said:
    If the auction is in the same building as a Hermes, I guess that’s an ominous sign.

    It's a very impressive building. I didn't have the nerve to walk in and explore tonight, at least not in my t-shirt, jeans, sandals and bright red touristy Toro cap that I picked up for 5 euros.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • tcollectstcollects Posts: 1,054 ✭✭✭✭✭
    edited June 25, 2024 2:35AM

    @MrEureka said:

    @pruebas said:
    If the auction is in the same building as a Hermes, I guess that’s an ominous sign.

    It's a very impressive building. I didn't have the nerve to walk in and explore tonight, at least not in my t-shirt, jeans, sandals and bright red touristy Toro cap that I picked up for 5 euros.

    pro tip - dab a little mustard on your shirt and be warmly welcomed into any glitzy coin auction in the world

    bienvenido señor mostaza!

  • bidaskbidask Posts: 14,017 ✭✭✭✭✭

    @MrEureka said:

    @Abuelo said:
    When I saw the video of the coin I was in awe. But getting @MrEureka opinion of the coin is reassuring that I was not mistaken. Too bad will not be coming home.

    It's not coming home with me either. Dan already called first dibs.

    I’m sitting here In Amsterdam waiting for our flight to Madrid

    I will lot view but I don’t trust NGC grading .

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • MrEurekaMrEureka Posts: 24,252 ✭✭✭✭✭

    @bidask said:

    @MrEureka said:

    @Abuelo said:
    When I saw the video of the coin I was in awe. But getting @MrEureka opinion of the coin is reassuring that I was not mistaken. Too bad will not be coming home.

    It's not coming home with me either. Dan already called first dibs.

    I’m sitting here In Amsterdam waiting for our flight to Madrid

    I will lot view but I don’t trust NGC grading .

    Do you trust PCGS grading?

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • TwoKopeikiTwoKopeiki Posts: 9,690 ✭✭✭✭✭

    @MrEureka said:

    @bidask said:

    @MrEureka said:

    @Abuelo said:
    When I saw the video of the coin I was in awe. But getting @MrEureka opinion of the coin is reassuring that I was not mistaken. Too bad will not be coming home.

    It's not coming home with me either. Dan already called first dibs.

    I’m sitting here In Amsterdam waiting for our flight to Madrid

    I will lot view but I don’t trust NGC grading .

    Do you trust PCGS grading?

    Trick question - he trusts Eureka grading :)


    8 Reales Madness Collection
  • MrEurekaMrEureka Posts: 24,252 ✭✭✭✭✭

    Should I wake him up?

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • AbueloAbuelo Posts: 1,820 ✭✭✭✭✭

    Well, 630,000 Euro makes it officially the most expensive Mexican coin ever unless my memory fails.

  • pruebaspruebas Posts: 4,523 ✭✭✭✭✭

    @MrEureka said:
    Should I wake him up?

    Why bother? Let him dream….

  • bidaskbidask Posts: 14,017 ✭✭✭✭✭

    @MrEureka said:
    Should I wake him up?

    I was paying attention.

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • BoosibriBoosibri Posts: 12,105 ✭✭✭✭✭

    Who bought the coin? Dan you come close?

    Latin American Collection

  • bidaskbidask Posts: 14,017 ✭✭✭✭✭
    edited June 27, 2024 4:41PM

    @Boosibri said:
    Who bought the coin? Dan you come close?

    not for that price ...I was thinking hard in the 300k euro area .....I thought prices were strong overall for the 8 escudos

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • TheGoonies1985TheGoonies1985 Posts: 5,449 ✭✭✭✭✭
    edited June 27, 2024 10:23AM

    So that is about 809 000$ US makes it a new world record for Mexican coins by a lot (over 285 000$ more than the 1538 8 reales that last sold at HA).

  • TheGoonies1985TheGoonies1985 Posts: 5,449 ✭✭✭✭✭

    @Abuelo said:
    Well, 630,000 Euro makes it officially the most expensive Mexican coin ever unless my memory fails.

    Does that include the buyer's premium?

  • RexfordRexford Posts: 1,216 ✭✭✭✭✭
    edited June 27, 2024 9:56AM

    @PillarDollarCollector said:

    @Abuelo said:
    Well, 630,000 Euro makes it officially the most expensive Mexican coin ever unless my memory fails.

    Does that include the buyer's premium?

    It was about $809k including buyer’s premium. I’d guessed $800k all in.

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  • TheGoonies1985TheGoonies1985 Posts: 5,449 ✭✭✭✭✭

    @Rexford said:

    @PillarDollarCollector said:

    @Abuelo said:
    Well, 630,000 Euro makes it officially the most expensive Mexican coin ever unless my memory fails.

    Does that include the buyer's premium?

    It was about $809k including buyer’s premium. I’d guessed $800k all in.

    Thanks I edited by above post to 809 000$.

  • pruebaspruebas Posts: 4,523 ✭✭✭✭✭
    edited June 27, 2024 12:59PM

    @Rexford said:

    @PillarDollarCollector said:

    @Abuelo said:
    Well, 630,000 Euro makes it officially the most expensive Mexican coin ever unless my memory fails.

    Does that include the buyer's premium?

    It was about $809k including buyer’s premium. I’d guessed $800k all in.

    If the coin is leaving the EU, there is a hefty Spanish export tax as well.

    My computation of the export tax is €113,709.

    So the total EUR cost is 630,000 hammer + 126,000 BP + 113,709 tax = 869,709 or roughly $931,039.
    This doesn't include shipping nor insurance.

    Quite a premium for a non-EU buyer.

    Edited to add: I am figuring export tax only on the hammer price. If the tax computation includes the BP, it would even be more crazy.

  • pruebaspruebas Posts: 4,523 ✭✭✭✭✭

    And if I bought it, I’m legally responsible for paying use tax to my state, since there is no exemption for coins where I live.

    So my cost would be $992,720. Almost a million dollar coin!

  • pruebaspruebas Posts: 4,523 ✭✭✭✭✭

    @Boosibri said:
    Who bought the coin? Dan you come close?

    Dan was the twelfth underbidder twice removed.

    In other words, he wasn't in the game as expected.

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