Octopus Pendant Appraisal

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Spanish Colonial Treasure Coin Octopus Pendant

This unique piece of nautical jewelry features a genuine Spanish colonial silver 'cob' coin (likely a 1/2 or 1 real denomination) mounted in a custom-fabricated yellow gold setting designed to resemble an octopus. The coin itself is a primary feature, displaying an irregular hand-struck shape typical of 17th or 18th-century cob currency minted in Spanish colonial mints such as Potosí or Mexico City. The coin's surface shows significant oceanic wear and calcification, suggesting it was recovered from a shipwreck. The visible side of the coin displays a faint Jerusalem cross, although much of the detail is obscured by patina and mineral buildup. The 14k or 18k yellow gold mounting is expertly crafted to look like an octopus grasping the coin with its tentacles. The gold setting has a high-polish finish with textured details on the tentacles to simulate suckers. The octopus's head serves as the decorative body of the pendant, topped with a simple polished bail for attachment to a chain. The craftsmanship is of high quality, combining rough, authentic antiquities with modern fine metalwork. There are no visible maker's marks on the front; however, the gold show signs of professional casting. The overall condition of the gold is excellent, while the coin is in 'shipwreck condition,' prized for its history rather than numismatic perfection.

Estimated Value

$1,800 - $2,500

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