The Spice Islands are a small group of islands to the northeast of Indonesia, between Celebes and New Guinea. When the remains of the vessel were discovered, it contained several chests of 8 Reales. Are also known as Spanish Piece of Eight. They were cut into 8 pieces/bits to provide a smaller denomination.8 Reales Cob from Spice Islands Shipwreck. Were minted in the New World mints of Mexico City during the reign of Philip IV of Spain. These coins still have that nice historic beauty after being on the ocean floor for almost 400 years. Ach of these coins is unique because. The coin press were not invented yet in that time.
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