Franklin Mint Scoops Up A Pirate Treasure

New Orleans - The Franklin Mint has purchased about 360,000 coins recovered from the wreck of El Cazador, a Spanish brig-of-war that sank in early 1784 during a storm in the Gulf of Mexico as it attempted to reach then-Spanish-controlled Louisiana.

The cache will be offered for sale over a cable TV shopping network by the company, which usually produces its own lines of collectibles.

Fishermen discovered the wreck off the state’s coast in 1993 when coins were snared in a trawl. Franklin Mint acquired the coins from the salvagers.

“Tales of shipwrecked treasure and dead man’s gold have always fascinated us,” said M. Moshe Malamud, chairman of Aston, Pa.-based Franklin Mint.

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