Coin Found - Dominican Republic - Need ID Help

[BrandonSChicago]

Hello,
I have this coin from Dominican Republic, I am trying to identify it and find out if it is valuable. Does anyone know the wreck it came from, if it actually looks real and what move should I make next? I know it's stamped with 1733, I believe it is a Mexican coin.

Thanks so much and any help would be greatly appreciated!

Best,
Brandon

 

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[BigWaveDave]

Congrats on a great find!
Value?...
however much they are sold at souvenir shops.

 

[Tony in SC]

Welcome to Tnet. Did you find it or buy it? There's not much wear on it and it has a cast look to it. The coin guys will be in later.

 

[jude061]

Can you get a photo of the edge?

 

[BrandonSChicago]

Yes, I will upload more images when I get home this evening. I bought this coin for $500.00 in Punta Cana - I was just in Key West, visiting the Mel Fisher museum and shop. I did purchase more coins there that came with paperwork. However, while there I was talking with them about this particular coin. They basically told me I should come on here for help, since I did think it was fake and no longer have those same doubts. They said it could very well be real and I really need more eyes who know.

I was hoping I can get help here and find out if I have an amazing piece of history, or I got taken advantage of

Thanks so much for help and more photos coming soon.

Best,
Brandon

 

[Mackaydon]

Without a valid Certificate of Authenticity and sold by a reputable dealer, I would not have paid anything more than souvenir value.
I'm not saying it's a replica, but I wouldn't be laying out $500 before I knew otherwise.
Don.....

 

[Bigcypresshunter]

If real, is it worth that much now? Is that a Pistareen? http://numismatics.org/wikiuploads/CNL/Pistareens.pdf I think they are milled

 

[DeepseekerADS]

I edited this post to remove the music video I'd posted. I apologize for being seemingly rude.

I zoomed in on the photo and agree with it appearing cast. Above that if it is real, I think you paid too much for it.

 

[Bigcypresshunter]

The guys that used to frequent the Spanish cob forum would know

 

[A2coins]

Looks good, Take it to a coin Dealer, most once in hand can tell right away if its a replica. I hope not Mel Fisher is my hero I always wanted to see his Museum I would love to see some pics pm me if you have any you could forward!!! I really hope ypu made a great score!!!Tommy

 

[Mackaydon]

What does it weigh in grams?
Don......

 

[Bigcypresshunter]

Sorry its not a Pistareen, I guess its a shield type of Spanish Reale from the Mexico mint. It resembles this 1733 replica being sold by Kellyco
https://www.kellycodetectors.com/catalog/1733-spanish-8-reale-silver-treasure-coin-replica


https://www.google.com/search?q=173...1QKHcBFCZQQ_AUIDCgD&biw=1344&bih=736&dpr=1.25

 

[Bigcypresshunter]

I dont see it listed at Sedwicks but it looks funky Im afraid now that I actually put my eyes to it close up.  FAKE COBS: ALERTS AND DATABASE by Daniel Frank Sedwick, LLC.

 

[Bigcypresshunter]

If you can afford to spend 500 bucks, on a whim, to a stranger, in the Dominican, then I guess you aint doin too bad lol. You should have offered him just a tad above silver content. That way you dont lose much. I would love to hear the story that came with this coin. Also dont take my word for it. Im certainly no expert on Spanish cobs or Reales although I have found a few. It just doesnt look right to me. The letters look funky and the wear patterns are not right. But some parts look nice. Try posting in the Spanish cob Forum here at Treasurenet. Good luck.

 

[BrandonSChicago]

Hey Everyone, thanks for all the input and opinions so far. All are appreciated! So when I bought this coin, I was 23 (I'm 32 now) - I happened to be in Punta Cana with my boss at the time. Inside the resort, they were selling these same coins at the jewelry shop for around $1,000. My boss, who was also a close mentor of mine knew I loved history and offered to buy it for me and I could "work off" the Debt when I got home. This was at around $12.50/Hr mind you, so I was far from rich lol. Anyway, a few days later I was snorkeling with some locals and they seemed like really good guys and were pretty smart in my opinion. They dove all over that area and were also scuba instructors. Anyway we ended up talking about that coin I saw and he said I could buy from his personal collection and save money. So I have no idea if he was a scam artist or a good guy. I alsways thought I got ripped off, but after speaking to the Mel Fisher team, I'm really curious to find out. I did see similar coins like this one online for around $1,500-$3,500 depending on grade etc.

I'm not looking to make money on the coin, just want to know if I should show it off next to the real one I just bought or throw it in a drawer as a bad memory.

Included are some photos of the Mel Fiaher museum and the coin I purchased with paperwork. (For the person who asked above)

 

[BrandonSChicago]

Here are some more photos, also, I put it next to a real silver coin from 1783. Obviously the 1783 coin has been professionally cleaned and polished very well.

 

[Bigcypresshunter]

I dont imagine a jewelry shop inside a resort is the best place to compare prices. Try looking on eBay at the sold listings. (Dont buy from eBay unless you know what you are doing) just look at the prices for comparison. or maybe Sedwicks they are very reliable. Daniel Frank Sedwick, LLC Shipwreck Coins and Artifacts of all Nations - Spanish Colonial & Latin American Coins If those scuba guys ripped you, that very rotten. But keep in mind these types are professionals and they prey on American tourists.

 

[Bigcypresshunter]

Ive been away for a couple years so I dont know if the same people frequent this forum. There used to be guys that could tell you immediately.
Spanish Cobs

Here is a rough estimate outlining prices. I would say you paid on the high side of the scale, unless you have something rare. Coin Value: Spain Spanish Colonial Silver Cob Coin 1570 to 1780

 

[Bigcypresshunter]

Here are some more photos, also, I put it next to a real silver coin from 1783. Obviously the 1783 coin has been professionally cleaned and polished very well.

The shiny coin in the bezel looks like a 2 Real. I understand its a jewelry piece but I never heard of professionally polishing a coin. Do not ever shine a silver coin, it diminishes the value.

 

[BuckleBoy]

From what I can tell, the one in the bezel is a genuine One Real, and due to being polished is probably worth only a little over silver value. The other one is a cast base metal fake.