Archive | May, 2018

Early American regulated $15 gold coin sells for $152,750

18 May

A unique, early American regulated $15 gold coin marked by Boston goldsmith Joseph Edwards, Jr. drew intense bidding during Daniel Frank Sedwick, LLC’s Treasure, World, US Coin & Paper Money Auction 23, held online May 15-16, 2018.

The coin’s rarity stems from a small IE countermark on a plug in what was once a Lima, Peru, cob 8 escudos dated 1741V. The NGC slab label denoted the coin’s grade of XF 40 as well as its unique association with Joseph Edwards, Jr. The coin, accompanied by an article on its history and pedigree to the Julius Brown sale of 1911, sold for $152,750 on a $100,000 and up estimate.

regulated

Lot 83 – USA, regulated $15, Joseph Edwards plug and countermark (Boston, ca. 1780) on a Lima, Peru, cob 8 escudos, 1741V, extremely rare, NGC XF 40, ex-Brown (Chapman, 1911).

Daniel Sedwick, president of Daniel Frank Sedwick, LLC, said the regulated $15 gold coin first appeared on the market in the 1911 sale, where the significance of the regulation mark went unnoticed. The coin sold for just $19 then.

“It was especially rewarding to see an exceptional result on lot 83, the first gold cob 8 escudos known to be regulated to a $15 standard with the mark of Joseph Edwards, Jr,” he said. “A record number of bidders propelled prices to strong levels in many areas, but particularly in gold cobs and shipwreck ingots, our specialties.”

Overall, the auction featured 2,001 lots and realized $1.65 million. All prices listed include a 17.5 percent buyer’s premium.

Lima

Lot 18, an NGC-graded MS 62 Lima, Peru, cob 8 escudos dated 1712M from the 1715 Fleet which sank off of the east coast of Florida.

The majority of top-selling gold cobs were those recovered from the 1715 Fleet, which sank off the east coast of Florida. Lot 18, an NGC-graded MS 62 Lima, Peru, cob 8 escudos dated 1712M sold for $25,850 on a $12,500 to $20,000 estimate. Another high performer was an NGC-graded MS 61 Mexico City, Mexico, cob 8 escudos dated 1715J (lot 6) that went for $18,800 on a $10,000 to $15,000 estimate.

Shipwreck ingots attracted interest as a trio of Atocha (1622) silver “loaf” bars (lots 243-245) in Class Factors 0.7, 0.9 and 1.0 (the highest quality) sold for $30,000, $32,500, and $48,500 respectively. Another Atocha ingot, a cylindrical “piña” ingot (lot 246), brought in $30,550 while a half-cut gold finger bar (lot 238) from the “Golden Fleece wreck” sold for $31,725.

Atocha

Lot 243, a Class Factor 1.0 silver bar weighing 88 troy pounds, 3.84 troy ounces found in the Atocha shipwreck.

Agustín García-Barneche, vice president of Daniel Frank Sedwick, LLC, was equally enthusiastic for shipwreck coins as well as world gold and silver coins.

“Our spring auction resulted in energetic bidder competition, especially in our Shipwreck and Latin America coin sections,” he said. “We positioned our company in a market that allows us to reach and attract consignors and bidders of Latin American numismatics.”

Latin American coin highlights in the World Gold Coins section included an NGC-graded XF details Costa Rican 8 escudos dated 1828F (lot 152) sold for $10,575 on a $8,000 to $12,000 estimate. In World Silver Coins, a Costa Rican 8 reales with an 1846JB 2-reales counterstamp and a “8” countermark on a Guatemala cob 8 reales (lot 1143) sold for $8,225 on a $7,000 to $10,000 estimate. Another rarity sold was a Mexico City, Mexico, pillar 8 reales dated 1733MF and graded NGC AU 53 (lot 1319) which blazed past its $2,000 to $3,000 estimate to reach $4,406.

Other top lots include:

  • Lot 1, a Mexico City, Mexico cob 8 escudos, undated but with visible assayer’s mark J from the 1715 Fleet graded NGC MS 61 sold for $10,869.
  • Lot 5, a Mexico City, Mexico 1714J cob 8 escudos from the 1715 Fleet graded NGC MS 63 sold for $10,810.
  • Lot 15, a Lima, Peru 1711M cob 8 escudos from the 1715 Fleet sold for $20,562.
  • Lot 194, a Mexico City, Mexico 1823JM Iturbide 8 escudos plated in James Bevill’s book The Paper Republic (2009) sold for $7,050.
  • Lot 242, a silver “tumbaga” bar weighing 2,801 grams from the “Tumbaga” wreck (ca. 1528) sold for $9,400.
  • Lot 466, a large clump of encrusted cob 8 reales weighing 1,266 grams from the 1715 Fleet sold for $6,462.
  • Lot 470, a Mexico City, Mexico cob 4 reales from the Whydah (1717) sold for $13,630.
  • Lot 608, an 1856-S Liberty Head double eagle graded NGC UNC details / sea salvaged from the “Fort Capron treasure” (1857) sold for $3,819.
  • Lot 878, a Potosi, Bolivia 1666E cob 8 reales Royal sold for $10,575.
  • Lot 989, a Santo Domingo, Dominican Republic enriched billon 11 maravedis sold for $8,225.
  • Lot 1568, a San Juan, Puerto Rico, Banco Español 20 pesos specimen (ca. 1889) graded PMG Gem UNC 65 EPQ sold for $1,410.
  • Lot 1599, a small, 7” piece of gold “olive blossom” chain from the 1715 Fleet sold for $4,759.

Full auction results can be viewed online at auction.sedwickcoins.com. Daniel Frank Sedwick, LLC is accepting consignments for their Treasure, World, U.S. Coin and Paper Money Auction 24 through Aug. 20, 2018. The sale will be held at the Disney Springs Doubletree in Orlando, Florida on Nov. 1-3, 2018. For more details, please contact Daniel Frank Sedwick, LLC by email at office@sedwickcoins.com.

Sedwick’s Treasure Auction 23 to feature PCGS-graded coins

10 May

A wide variety of rarities graded by PCGS are set to draw heavy bidding during Daniel Frank Sedwick, LLC’s Treasure, World, U.S. Coin and Paper Money Auction 23 to be held live online on May 15 and 16, 2018.

PCGS-graded coins

24_4

Lot 24: a Lima, Peru, cob 2 escudos, struck during the reign of King Philip V of Spain and lost while en route to Spain while aboard a vessel in the 1715 Fleet.

Bidders can register for the auction at www.auction.sedwickcoins.com. The auction catalog is available at www.sedwickcoins.com. For more details, please contact Daniel Frank Sedwick, LLC at office@sedwickcoins.com.

Sedwick Treasure auction to feature the James Bevill Collection of Mexican Coins & Paper Money

1 May

bivell

The May 15-16, 2018 Treasure, World, U.S. Coin & Paper Money Auction #23 held by Daniel Frank Sedwick, LLC will feature 51 lots from the collection of author and researcher James P. Bevill. Many of these coins are the plate specimens from Bevill’s award winning book, The Paper Republic, the Struggle for Money, Credit and Independence in the Republic of Texas, 2009. Bevill’s pieces are all museum quality, having been exhibited in venues across Texas in Houston, Dallas, Austin, and most recently, the Rosenberg Library Museum in Galveston.

In the early coinage, one highlight is Lot# 689, a Mexico City 4 reales Charles-Joanna, Early Series, assayer P to right, mintmark M to left, described as “deep rainbow toning, full details (legend and interiors), AU or better but with areas of light surface pitting, as from the ‘Golden Fleece Wreck,’ ca. 1550, HISPANIE variety, with unusual stops between words in the legends on both sides, and a die match to the only other example known (Banco de Mexico collection).” There are a dozen Mexican 8 reales cobs represented from the Bevill collection in the sale, including ten with full four-digit dates, two of which are overdates: Lot #721, a 1652/49; and Lot #735, a 1659/8, described as “rare,” a “richly toned” VF with bold full date.

Mexican silver coins by type are well represented in the sale, including Lot #1379, a War of Independence, Monclova, 1811 countermark on cast Mexico City bust 8 reales 1809 HJ, graded VF30, c/s XF strong. It is one of just two graded in NGC census, both in VF. There are five Mexican pillar 8 reales, also known as Pillar Dollars, including Lot #1325, a rare Charles III, 1761MM, cross below ‘I” variety (rare). There are three silver 8 reales coins with the bust of Mexican Emperor Augustin Iturbide in the sale. Lot #1383 features an 1823 JM Iturbide, Mexico City, 8 reales, JM below eagle, NGC MS 62+. This coin is described as “Reverse with beautiful rainbow toning on lustrous surface, the obverse somewhat frosty and matte but also toning at rim, ties with two others for finest known in NGC census.”

The gold selections include a type set of doubloons by Spanish Kings, including: Lot #170, a 1744 MF Philip V, NGC MS61; Lot #131, a 1751 J Ferdinand VI from Santiago, Chile, NGC MS62; Lot #171, a 1760 MM Charles III (young bust), NGC AU53; Lot #172, a 1772 FM, Charles III, MGC AU53; and Lot #178, 1820 JJ Ferdinand VII, graded NGC AU55. Not to be outdone by the Spanish Kings, Lot #194 features an 1823 JM Iturbide 8 escudos, a desirable example of an important one-year type, with large bust and eagle inside shield, graded NGC AU58, featured on the cover of the catalogue and plated as Fig. 3.8 on page 61 of The Paper Republic.

Bevill remarked that this sale constitutes the “end of an area of collecting that I have enjoyed for almost two decades.” The collection was painstakingly acquired to illustrate the evolution of the Spanish monetary system in colonial Texas, both in his book and in a broader context: alongside other Texas treasures as part of several museum exhibitions which were viewed by over 287,000 visitors from 2011-2016. Through this auction, resourceful bidders have the opportunity to take home some of these pieces, forever enshrined in an important work in numismatic literature.

For a complete listing of Bevill’s Collection follow this LINK

Direct Link to The Auction

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