with original 1938 box and certificate signed by the chairman of Lloyd's of London, Eustace R. Pulbrook. Lloyd's of London is nowadays known as the world's leading insurance market, but has its roots in maritime insurance. In 1799, the Lutine's valuable cargo of gold and silver was insured with Lloyd's. Since Lloyd's paid the claim in full, just two weeks after the ship sank, the Lutine created Lloyd’s reputation for paying valid claims – and for having the financial wherewithal to withstand a loss of such significant proportions. Due to the fact that Lloyd's paid the full claim it also became the legal owner of the wreck and its treasure. This is why they invested quite some money to retrieve the treasure. Unfortunately, salvage teams have never been able to find all the treasure. This coin was found in 1938, during the last expedition that yielded treasure. A total of 8 gold coins, 1 gold bar, 123 silver coins and 10 copper coins were found that year, making this coin one of the last to be retrieved from the Lutine shipwreck.