As Blue Water Ventures prepares to go public, watch for new wreck sites to be announced.
  

   Coin Update!
 
A coin clump recovered from the Santa Margarita site (see news release dated May 5, 2007) was recently separated during conservation. The clump revealed an unexpected grouping of very rare coins. Investigation revealed some traditional Phillip II and Phillip III shield coins along with 7 Mexico Mint, One Reale, Carlos and Johanna era Pillars and Wave coins. This would date the coins back to 1548-1556, far older than the majority of coins found aboard either the Atocha or Margarita. The quality of markings on the coins places them in the Grades One, Two and Three categories which allows a very clear look at the symbols they bear.

The Practical Book of Cobs written by Daniel and Frank Sedwick gives us a good explanation of the markings. “The two vertical lines symbolize the Pillars of Hercules, a mythological reference to the Straits of Gibraltar, with one pillar in Spain, actually the rock of Gibraltar, and the other in North Africa, where mountains rise from the coast opposite of Gibraltar”… ”In the middle three horizontal spaces of the tic-tac-toe appeared the Latin PLUS ULTRA (with Latin U as V)”…which translates “’more beyond,’ either in three three-letter groups as PLV-SVL-TRA, or as the letters P-V-A”… “The message was: Over the waves (the Atlantic Ocean), beyond the Pillars of Hercules, a New World (America) exists, with the implication that this New World Belongs to Spain.”

These coins were most likely part of a passenger’s personal belongings due to the fact that they were minted approximately 75 years before the Margarita sailed.

There have been VERY few Carlos and Johanna Pillar and Wave coins recovered from the Atocha or Margarita wreck site. Combining their age and rarity these will be quite valuable.
 
   
 
 

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