MEXICO Auguste Shipwreck 1742MF Philip V 8 Pillar Reales with Certificate of Authenticity Nova Scotia , . KM-103; CT-793, 25.55 grams
After the French were defeated by the British in the French and Indian War (Seven Years War in Europe), French nationals in Canada, were deported back to France. On October 15th , 1761, 123 men women & children departed Quebec on the Auguste, a 70 foot long ex-French privateer captured by the British. After a disastrous fire amid stormy seas, the captain attempted a landing near Cape Breton Island, but the ship hit a sandbar and foundered. There were only seven survivors. The COA is from the divers. The coin being offered is in an amazing state of preservation considering that it sat on the ocean floor for more than 200 years.
The Nova Scotia government announced the repeal to the Treasure Trove Act in November 2010, preventing any further salvage of the thousands of ships that sank in its waters. The announcement is as follows
Ownership of Nova Scotia's underwater cultural and heritage resources will be more secure as government introduces legislation today, Nov. 2, to repeal the Treasure Trove Act, amend the Special Places Protection Act and create the Oak Island Treasure Act.
The repeal of the Treasure Trove Act will bring the province in line with other Canadian provinces and the UNESCO Convention on the Protection of the Underwater Cultural Heritage. The Special Places Protection Act will be amended to remove references to treasure. The Oak Island Treasure Act will be created to allow for regulated treasure hunting on the island.
"People are concerned that our artifacts and cultural heritage are being exploited for commercial gain," said John MacDonell, Minister of Natural Resources. "These legislative changes will help keep material from future excavations in Nova Scotia."
The Treasure Trove Act was created in 1954 to govern treasure hunting activities on Oak Island but eventually expanded to cover licensing of treasure hunting involving shipwrecks off Nova Scotia's coast.
"Artifacts in shipwrecks along our coast belong to Nova Scotia," said Percy Paris, Minister of Tourism, Culture and Heritage. "We've reviewed research and best practices and will act to protect that history for the benefit of Nova Scotians."
The repeal of the Treasure Trove Act was recommended by the 2006 Voluntary Planning heritage strategy task force.
Whether or not you agree with this, it certainly makes the previously salvaged coins highly desirable.