Gold Cobs

Spanish Colonial gold coins salvaged from the 1715 Fleet off the east coast of Florida are called Gold Cobs. Gold Cobs are the original Doubloons. Therefore, the Doubloon is a solid gold coin. Even though the Spanish called their gold coins Escudos, Doubloon became the nickname for a two Escudo coin. In addition, the word Doubloon is actually taken from pirates calling these two Escudos "double-one," which turned into “Doubloon.”

As commerce increased between North America and South America so did the need for coins. Spanish Gold Cobs were minted from the early 1600s to the early 1800s. They were minted in Bolivia, Chile, Columbia, Guatemala, Mexico, and Peru and were circulated as far