1791 Guatemala Silver 2 Reales Shipwreck Effect NGC

1791 Guatemala Silver 2 Reales Shipwreck Effect NGC

Historic Central American Silver recovered from SS New York! When the steamship SS New York sank in foul weather off Galveston, Texas in 1846, it was largely ignored in the U.S. due to the Mexican War that was then raging. After the wreck was located and the coins successfully recovered, over 160 years had passed. When most collectors hear SS New York, they tend to think first of the U.S. gold and silver coins on board. There were however, coins from other countries recovered in the wreck (foreign coins circulated widely in the US until the Mint Act of 1857 removed their legal tender status).

We present one of those here. This 2 Reales from Guatemala has a silver content of .1644 of an ounce. A bust of King Charles IV of Spain appears on the obverse, while the crowned arms of Spain appear on the reverse. While this coin has been holed (probably for use on a necklace), it has been certified by NGC has having Shipwreck Effect from the SS New York. KM#62.

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