Escudos Gold 1715 Plate Fleet Coin Replica

Itemnumber: 850691

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Description:

This is a museum quality replica of an Escudos that was recovered from the 1715 Fleet shipwreck (made from pewter).The 1715 Fleet Spanish Treasure Flotilla which was lost in a terrible hurricane of July 31, 1715 off the coast of Florida.Much of the bullion from the New World was sent to Spain in the form of coinage referred to as Cobs, or Reales.Not long after Columbus discovered the New World, vast amounts of gold and silver were discovered in Mexico, Central and South America.Once turned into coins, Spanish fleets then transported the gold and silver coinage along a northern route through the Gulf of Mexico along the Florida coast for delivery to the King and Queen of Spain.This coin is one of the coins that were lost at sea and then recovered over the years from the 1715 Plate Fleet.In the New World Spanish gold coins were minted in one, two, four, and eight escudo denominations, while Spain also produced a one-half escudo piece. (The half escudo was regularly produced in Spain from 1738, and it was also briefly minted in Mexico 1814-20.) The escudo was often called a shield and equaled sixteen reales of silver. The two escudo piece was called a pistole, while the four escudo coin was known as a double pistole, although at first it was sometimes called a doubloon. The large eight escudo coin was called a quadruple pistole or, at first, a double doubloon; later it became the coin the English colonists called the Spanish doubloon.Spanish gold circulated throughout the English colonies, especially after 1704 when the West Indies adopted a gold standard. In 1759 Abraham Weatherwise of Philadelphia printed Father Abrahams Almanack, which included a chart with the current value of gold coins in both Philadelphia and New York City.In Philadelphia the two escudo pistole was worth �1 7s, while the eight escudo doubloon was valued at �5 8s and the silver eight reales Spanish pillar dollar was 7s6d.In New York City the value of these coins was �1 9s, �5 16s, and 8s respectively. Spanish gold was regularly accepted in the early United Sates and continued to be minted in the New World until 1821.