Spanish treasure coins, the 1715 Fleet, and Florida's Treasure Coast
Found an old silver coin with a shield and two pillars, or picked one up after a storm on the Treasure Coast? Start here. We explain what these coins are, how to read them, and what they are worth, in plain language and with every figure sourced.
The silver reales, from a bit to a piece of eight
| Denomination | Also called | What it was worth |
|---|---|---|
| 1/2 real | medio | one sixteenth of a peso |
| 1 real | one bit | one eighth of a peso |
| 2 reales | two bits | one quarter of a peso |
| 4 reales | medio peso | half a peso |
| 8 reales | piece of eight, peso, Spanish dollar | one peso, one 'dollar' |
See the full reales and escudos reference, silver and gold ›
Pick up the thread
Spanish colonial coins
The reales and escudos system, cobs versus milled coins, and the mints that struck them.
Money pageWhat is a piece of eight?
The 8-reales silver coin, why it split into 'bits', and how it seeded the US dollar.
Money pageWhat is a doubloon?
The gold escudos, why a doubloon is really 2 escudos, and the 'double doubloon'.
Money pageWhat is a cob coin?
How irregular, hammer-struck cobs were made between 1572 and 1773.
ToolIdentify a coin
Read the mint mark, assayer, denomination, and date on a Spanish colonial coin.
ToolCoin values
Honest value ranges by denomination and grade, with the gap dealers rarely show.
HistoryThe 1715 Treasure Fleet
Eleven ships, one hurricane, and the wrecks that named Florida's Treasure Coast.
FloridaFound a coin on a beach?
What to do first, how to tell real from replica, and Florida find law.
A reference, not a shop
Most of what ranks online for these coins is written by people selling them. A dealer blog is a fine place to buy a coin, but it is a poor place to learn what your coin is worth, because the writer has a reason to quote the high number. This site sells nothing. It exists to answer the questions a first-time owner actually asks: what is this, is it real, and what is the honest range of value.
The coins at the center of the story are Spanish colonial silver and gold, struck across the Americas from the 1500s to the early 1800s. The silver 8 reales, the famous piece of eight, was the dollar of its day and the model Congress chose for the US dollar in 1792. The gold escudos gave us the doubloon. Between about 1572 and 1773 many were made as cobs: rough, hand-struck lumps of precise weight and uneven shape. Our Spanish colonial coins hub lays out the whole system, and the piece of eight and doubloon pages go deep on the two coins most people come looking for.
Florida is where a lot of this treasure ends up on a beach. On 31 July 1715, a hurricane sank eleven ships of a Spanish fleet along the coast between Sebastian and Fort Pierce, and coins from those wrecks still wash ashore after storms. That stretch of Atlantic shoreline earned the name the Treasure Coast. If you have found something and are not sure what to do, our guide to finding a coin on a Florida beach walks through the first steps, including why you should not clean it and where Florida law comes in.
Two things set the tools here apart from the dealer pages. The first is identification: a plain table that turns the marks on a coin, the mint stamp, the assayer initial, the denomination, and the date, into a name for what you are holding. The second is value: a table of ranges rather than a single confident price, with a clear note on why a sea-salvaged coin with a certificate sells for many times what the same coin fetches raw and ungraded. Ranges are honest. A single number, from someone who wants to sell you a coin or buy yours, rarely is.
Every fact on this site traces to a source, and each page lists the ones it leans on, from the standard references on the Spanish dollar to the salvage records of the 1715 Fleet. Where a figure comes from a dealer catalogue, we say so and treat it as an asking price, not gospel. Where the law is involved, as with beach finds, we point you to the Florida Division of Historical Resources rather than pretend to give legal advice. New here? Read what a piece of eight is, then learn how to identify a Spanish colonial coin.
Independent, and not affiliated with any museum
C's Coin Collection is an independent reference. We are not a coin dealer, and we are not affiliated with Dale Chihuly, the Chihuly Collection in St. Petersburg, or any museum. We do not appraise coins or sell them. We publish sourced explainers and value ranges so that you can make your own call. Read more about how we source our work.