You may have some discrepancies, but in the thousands! On one hand, you have Mel Fisher (MELVIN PER THE AUTHENTICITY CERT) that appraises it at $2,300 and then you see these on ebay for $500-600. I am a business man and always do research, but the information is extremely conflicting. I don't want you to think I haven't done research. If you want to make money buying/selling, a good first step is to LEARN a little about what you're trying to sell. Really, if you can't get this for $200 or reasonably close, you won't make anything on it. If this was just a generic shipwreck cob with no papers, it would be a $60 or so piece. get "pirates" or "doubloons" involved and people really get in a tizzy). Note, BTW, in the case of Atocha coins, most of the value is in the original paperwork (as was mentioned, people like the romance, hunting for treasure, blah, blah. seems like one could nab a piece like this on eBay for 150-200 two years back. There seems to have been an uptick over the past year or two in prices, looking at eBay and other auction results. depending on how well you display it, this type of piece will normally bring somewhere in the $225-325 range on eBay - which I'm guessing would be your outlet. Nevertheless, with the cert (and there's supposed to be a 2-inch flip insert tag there also). no special variety with this coin, assayer not visible (but it's a typical 1610's piece), decent weight, though the shield is a bit smeggy for a Grade II. You are showing a Grade II Potosi 4 Reales. However, it isn't worthless or only a $100 piece, either. The market for this isn't perfectly rational, of course, but that much can be stated without any question. specifics - As everyone else said, the Fishers' $2300 appraisal is tourist hype price, not reflective of general market conditions. they should be made to charge _ amount so collectors don't have to bother learning anything at all."Īnyway. "Oh, and what's with this Melvin guy (whom I clearly am not familiar with at all since I call him "MelVIN") charging all that money for the stuff that they salvaged? It's not worth that at all. Can you please then tell me if I can indeed flip this for double?" However, I know nothing about these at all, and have done close to zero research (didn't even bother checking eBay completed auctions). but let's look at this for a minute: "Hi, I'd like to buy this, and I'm hoping the seller is only charging half of its actual worth so I can flip it for double. I understand you have a kid coming, you're trying. His wife holds the coin beneath a short metal pole and - without a flinch - Sleezer strikes an impression into the coin with a sledge hammer.This whole thread is rather amusing. To cast the coin, Sleezer takes a plain piece of solid, round silver and heats it with a blow torch. The bars are about half the size of a man's little finger with Atocha written on one side. The silver is then shaped into coins and bars that Sleezer takes back to Key West.Įach coin is about the size of a half-dollar and carries Fisher's profile on one side. Sleezer takes the slag to a smelter in Hollywood, where it is heated at 2,500 degrees, which separates the silver from the slag.
"Thatīreaks down the slag and releases the silver," Sleezer explained as he walked past large metal troughs where silver coins were being cleaned.
The metal is placed in a mixture of calcium chloride, borax and sodium phosphate. Sleezer says he gets 1 pound of silver from every 4 pounds of rust. They also sell tiny, quarter-ounce nails made out of the silver rust that sell for $25 each. They have sold about 110 coins and an equal number of bars. Sleezer estimates he is netting about $18 a coin. Of that, Fisher gets 60 percent and Sleezer gets 40 percent. Sleezer sells the finished 1-ounce coins for $100 each.
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