Monday 6 October 2014

Silver & Gold Searches Spark Discoveries!

FLORENCE – Brad Karoleff, the 2013 recipient of the American Numismatic Association Harry J. Forman Dealer of the Year Award, shared the history of the search for silver coins starting with Columbus sailing for the west in 1492.

Numismatic expert Brad Karoleff shares coin lore with Florence Rotary Club

Karoleff, partner with Coins Plus in Florence, spoke during the Sept. 15 luncheon meeting of the Florence Rotary Club.

Twenty years after Columbus, Cortez conquered the Aztecs by partnering with the Mexicans who were subservient to the Aztecs. The Mexicans rebelled with Cortez and took Mexico City which housed great palaces and pyramids.

The next explorer, Frances Pizarro, headed south to meet with the Incas in Peru which coincidentally was at a time when the country was in upheaval after the conclusion of a civil war. 

He conquered the Incas and took the gold for his country. In the meantime, he gives his brothers a reward land, one of which contained the mountain of Potosi which is one of the richest silver mines in the world.

The sailors headed north with their gold, passing through Panama and start heading back to Spain. The Plate Fleet head around the Florida, run into a hurricane and 12 of 13 ships sink to the bottom of the ocean.

Many other ships were successful in heading back, but English state-sponsored pirates intercepted a number of the Spanish ships. Nelson was one of these pirates who intercepted one of the largest ships in the East Indies. When he returned to England, he was given the title of Lord Admiral Nelson.

Many of these coins have been recovered and Karoleff had a few of them on display for the Rotarians to examine.

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