Tom Luxsox Coins

Pesetas Coin

The Never-ending Lure of Spanish Gold Coins

One cannot mention Spanish gold coins without envisioning pirates, hurricanes, and shipwrecks in the Caribbean. As a matter of fact, the distinction of Florida and the Caribbean as being the location of more buried treasure than anywhere in the world has been propagated and accepted since the 1500s.

Gold collectors and investors are well aware that over $160 million in gold and silver lies buried in the tropical waters off Florida and the Caribbean. Because of its rich history of pirates, wars, hurricanes, and the presence of Spanish galleons carrying gold (also known as Spanish Escudo) and silver from the New World to the Old World, treasure hunters seeking doubloons and pieces of eight have made Florida and Caribbean waters their home away from home for decades.

Spanish gold coins are exquisite in their design and detail and some are available to collectors and investors in a wide range of denominations, sizes, and gold content. Spanish gold coins minted in 1877 and emblazoned with the right facing bust of King Alfonso XIII are a favorite.

The more popular denominations of gold pieces available to collectors today were struck between the years 1889 and 1890, though gold coins minted between 1588 and 1874 are much sought after. Ranging in gold content between 0.8671 and 0.0951, many of the more common denominations of Pesetas are available at reasonable prices for many collectors.

A feather in the cap of any collector, pre-1850 Spanish coins, and most especially those minted before 1800, are sought after like no other coins in the history of mankind. The coast of Florida as well as the Gulf of Mexico and the Caribbean have brought gold coins buried for hundreds of years to the light of day, to be enjoyed, admired, and coveted, by most coin collectors around the world.

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