16th-century silver coin discovered near Strait of Magellan marks the spot of a doomed Spanish colony

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Archaeologists have discovered a Spanish coin placed on the shore of the Strait of Magellan in southern Chile as part of a ceremony held by settlers more than 400 years ago.

The coin is a vital clue for archaeologists investigating a colonial settlement there, because it matches a surviving 1584 account of the Christian ceremony involving the coin, a common practice during the founding of Spanish colonial settlements. The discovery also validates an ancient map of the long-lost colony.

“This discovery represents a rare and powerful point of convergence between written sources and archaeological evidence,” Soledad Gonzalez Diazlead researcher of the project and historian at the Bernardo O’Higgins University of Santiago, told Live Science.

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The reverse of the silver coin depicts the Spanish royal coat of arms. (Image credit: Richard Bezzaza)

“This not only helps confirm the location and layout of key structures within the colony, but also opens up new possibilities for reconstruction. [its] spatial organization,” she said.

The piece “8-real” (“real de a ocho” in Spanish and the original pirate “piece of eight”) was struck in silver in the 16th century. It was discovered in March during archaeological digs at the site of Ciudad del Rey Don Felipe, a doomed Spanish colony founded on the northern shore of the Strait of Magellan in 1584.


The coin was found atop a stone from the foundations of a ruined church at the site of the Rey Don Felipe settlement in what is now Chile. (Image credit: Richard Bezzaza)

The coin was found atop a stone in the underground foundations of the colony’s first church. (Historical reports suggest there may have been more than one church.) González Díaz said that all of Spain’s colonies in the New World were founded with similar ceremonies and that an account of the exact location was given in the writings of Spanish navigator Pedro Sarmiento de Gamboa, who had placed the coin on the stone.

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