Cob coin update

Feb 28, 2002

As I delve into this topic, I become more convinced that Parker used many different coins to associate with the Spanish Treasure Fleet fountain pens and ballpoint pens.  As I previously wrote, a replica coin can be found to accompany the FP and BP.   What I have also found is that sometimes a real silver cob coin was given with the Spanish Treasure Fleet writing instrument.  In such cases, each coin is unique.

This is pure speculation on my part.  Perhaps Parker first started to give out real cob coins, but as the inventory was depleted, they resorted to providing replicas.  I don't know for sure, but would love to hear from you if you have some information on this subject.  Please send me email and tell me your source of the information.

 

 

 

Obverse (front) or
Shield side
 

Reverse (back) or
Cross side

Replica
coin

 

Comparing this shield to other coins in my reference book, it would appear this shield closely matches that for Philip III who reigned Spain 1598 - 1621.

 

The cross with arcs of this type indicate that the original coin from which the die was made for this replica did not come from Mexico.  We know this because Mexican-minted silver cob coins made after 1572 always had a fleur-de-lis design that developed into globes at the ends of the cross.

This design is likely to be from 8 reales coin originating from Potosí, Bolivia.

Real silver cob coin

Sample 1

 

The shield pattern indicates a coin minted during the reign of Philip V, 1700 - 1715.

 

The globes at the ends of the cross indicate that this coin was really minted in Mexico.
 

Real silver cob coin

Sample 2

 

Another example of a coin minted during the reign of Philip V, 1700-1715.

 

Again we see the globes at the ends of the cross so this is another Mexican minted coin.

 

The above assessments for the coins were courtesy of cob coin expert Daniel Sedwick.  I also drew some conclusions by using the  reference book he co-authored with his father Frank Sedwick called The Practical Book of Cobs.

If you want to have this definitive 130-page work, I have the third edition from 1995 available for sale.  At $15 per copy, it is a worthwhile item for anyone numismatically interested in the history of these coins.

 

Dec 31, 2002

COIN WAS NOT PART OF THE PACKAGE!

I now have seen proof that Parker never packaged the coin with pen itself.  What was this proof?

1.

Original Parker press announcement for this pen, dated Nov 5, 1965.  This announcement confirms the total number being made as 4,821 [fountain] pens and the last two paragraphs describe the packaging as follows:

"The Spanish Treasure pens, priced at $75.00 each, are being made as a limited edition fo the current Parker 75 pen.  Each is packed in a hand-rubbed walnut box.  Inset on the lid is a reproduction of an old treasure map showing the route of the Spanish fleet, and on the inside is a diagram of one of the galleons showing where the precious cargo was stored.

The box contains a copy of a notarized certificate signed by Mr. Wagner, certifying the origin of the silver and an excerpt of an eyewitness account of the sinking by a captain of one of the ships."

As you can see from this description, there was no coin included as part of the packaging.  Had the coin been part of the package, then surely Parker would have included it in the description of the package.

 

2.

In a letter to a successful (unnamed) dealer dated Nov 22, 1967, Parker wrote:

"Under separate cover, we are sending you 50 simulated treasure coins which you can use for display an/or give to your good customers.

Congratulations on your extraordinary sales record on the Treasure Fountain Pen, and best wishes for success with the Treasure Ball Pen."

This letter is dated two years after the launch of this limited edition pen!  This letter seems to lend credence to rumors I heard that this pen was a slow seller, so that even two years later Parker still had many pens out of the 4,821 produced.

What I also find interesting is that the second paragraph seems to imply that the ball pen was launched at a later time from the FP version.  This implication also seems consistent with the observation that the box for the BP was just slightly smaller than the one supplied with the FP, a fact that raises the possibility that these boxes were produced in different batches.

 

3.

Letter to dealers about the Spanish Treasure Fleet BP display dated Nov 19, 1969.  Once again the offer was made for replica cob coins which were available for ordering:

"As a bonus we can supply you with a sterling cob replica  (show above) with each ball pen."

Note how there is no mention of this coin being part of the normal STF BP package, rather it is a bonus for the dealer to put in his order.  Also note that this is 4 years after the initial release of the limited edition pens, again implying that Parker had a difficult time selling a few thousands of these pens.