(May 31, 2016)
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Cob-style coins are divided into two basic groups based on their obverse markings: the "pillars and waves-type" and the "shield-type
At a depth of 100 meters they had uncovered the final resting place of the long lost Spanish brig, El Cazador, and its treasure of Spanish 8 reale coins
On the coins obverse is a portrait of King Carlos III of Spain and the words
Below the portrait is the year the coin was minted
The inscription on the reverse of the coin reads "HISPN
REX" (King of Spain and the Indies) followed by the Mexico City mintmark, the denomination 8R (8 reale), and the assayer’s initials at the time of minting
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