Archive by Author

Gold bars, Honduras coin rarity to appear in Sedwick’s November Treasure Auction

2 Oct

A large variety of gold and silver shipwreck bars as well as numismatic rarities will attract excited bidding during Daniel Frank Sedwick, LLC’s Treasure, World, U.S Coin & Paper Money Auction 26. The floor auction will be held on Nov. 1-2, 2019 at the DoubleTree Disney Springs in Orlando, FL and live online.

Ingots from famous wrecks like the “Tumbaga wreck” of ca. 1528 will be found in the sale. The Atocha, sunk in 1622 off Key West, Florida, will be represented by three gold “finger” bars, one of which is a long specimen weighing 1,325 grams and estimated at $50,000 and up that last appeared in the 1987 Caesars Palace auction of Atocha artifacts. A further seven large silver ingots from the Atocha will also be sold, several of which have the same Caesar’s Palace pedigree.

Atcohagoldbar82

This gold “finger” bar recovered from the Atocha was used as a means of transporting great wealth and bears several tax stamps indicating that King Philip IV’s share had been paid.

Shipwreck coins will also appear in the auction, many of which were held in collections for many years. The John Pullin collection of dated Mexican cobs is comprised of choice gold escudos and silver reales, most of which are pedigreed to the 1715 Plate Fleet, sunk off the east coast of Florida. The group includes an important gold 8 escudos dated 1714 and graded NGC MS 60 that was salvaged by the Real Eight Company and photographed in a 1965 National Geographic article that made the Fleet’s coins famous.  A similar assembly of coins, the Atocha Classics collection, will feature top-quality silver cobs from that popular wreck.

17148E3eee

A gold cob 8 escudos dated 1714 with assayer’s initial J was previously used as a showpiece for the Real Eight Company’s finds and pictured in a 1965 National Geographic article.

Likewise, another two collections focusing on South American medals will cross the block. The Whittier collection of Bolivian Monetary Medals boasts high grade examples of circulating gold and silver commemoratives from the 1800s, all graded by PCGS. Following that, the Santander collection is composed of rare Colombian proclamation medals and includes a very rare “Gibraltar de America” trial strike (lot 1133) with a pedigree going back to Glendining’s Peltzer sale in 1927.

The highest estimated coin in the sale is lot 942, a Honduras gold 20 pesos dated 1888 and graded NGC AU 58. Based on mint records and opinions from numismatists Henry Christensen and Holland Wallace, probably fewer than 30 examples were struck; only three are known to survive today. It is estimated at $40,000 and up.

Other top lots in the sale include:

  • Lot 2: Mexico City, Mexico, cob 8 escudos, 1714J, “GRAT” variety (date on reverse), NGC MS 63, ex-1715 Fleet (designated on special label), ex-Real Eight, ex-John Pullin (stated on label). Estimate: $15,000 and up.
  • Lot 4: Mexico City, Mexico, cob 8 escudos, 1715J, NGC MS 63, ex-1715 Fleet (designated on special label), ex-John Pullin (stated on label). Estimate: $12,500 to $20,000.
  • Lot 28: Lima, Peru, cob 8 escudos, 1708H, NGC MS 63, ex-1715 Fleet (designated on label). Estimate: $15,000 and up.
  • Lot 32: Lima, Peru, cob 8 escudos, 1715M, rare, NGC XF 45, ex-Loosdrecht (1719). Estimate: $10,000 to $15,000.
  • Lot 85: Small gold disk, 373 grams, 18K, marked with 48, small double-slash and A/V monogram, ex-Luz (1752), ex-Sotheby’s. Estimate: $17,500 and up.
  • Lot 295: USA (New Orleans Mint), gold $2-1/2 Classic Head, 1839-O, NGC AU 55 / SS New York (1846), housed in promotional “book.” Estimate: $5,000 to $7,500.
  • Lot 298: USA (San Francisco Mint), gold $20 coronet Liberty “double eagle,” 1865-S, PCGS AU58 / Brother Jonathan (1865). Estimate: $8,000 to $12,000.
  • Lot 407: Mexico City, Mexico, cob 8 reales Royal (galano), 1715J, NGC XF details. Estimate: $15,000 and up.
  • Lot 591: Argentina (River Plate Provinces), Potosi mint, 8 reales, 1813J, NGC MS 63+. Estimate: $2,500 to $3,750.
  • Lot 1078: Lima, Peru, gold 8 escudos, 1841MB, extremely rare, NGC XF 45, Calico La Onza Plate Coin. Estimate: $10,000 and up.
  • Lot 1097: Toledo, Spain, gold double excelente, Ferdinand-Isabel, T to left and cross of five dots flanking shield on reverse, NGC MS 63*, finest and only example in NGC census. Estimate: $7,000 to $10,000.
  • Lot 1292: Bogota, Colombia, Banco Prendario, 1 peso, 1881, series A, serial 00855, PMG Choice UNC 64 EPQ. Estimate: $2,500 to $3,750.
  • Lot 1312: Falkland Islands, Government of the Falkland Islands, 1 pound, 3-3-1915, serial B05682, PMG Fine 12, rare. Estimate $4,000 and up.

Falklandislands1312

  • Lot 1317: Athens, Greece, Bank of Greece, 25 drachmai specimen, no date (1897-1900), PMG VF 30, rare, only known example in PMG census. Estimate: $2,500 and up.

Bidders can register now for the auction at www.auction.sedwickcoins.com; the catalog will be available online beginning Oct. 8. For more details, please contact Daniel Frank Sedwick, LLC at office@sedwickcoins.com.

Summer FUN 2019 coin show report

21 Jul

The Summer FUN coin show is one of our favorite coin shows for several reasons. It tends to be an active show that brings in a lot of collectors who appreciate shipwreck, Spanish colonial, and American coins and history. Since this year’s show was held in Orlando, it was also convenient for us to drive down with items we normally wouldn’t be able to bring with. The show ran from July 10 to July 13.

Untitled-1dddd

Augi Garcia-Barneche (left) and Connor Falk (right) have many reasons to celebrate while at the FUN show.

We began on Wednesday with booth setup which went by smooth despite the oppressive heat both outside and inside the convention hall. Early Birds entered the bourse shortly thereafter. We had several good sales within the first few hours.

Thursday proved to be the busiest day with a large amount of foot traffic throughout the morning. We saw several good clients walk away with new additions to their collections. Likewise, some new customers to us were thrilled with their purchases. Many coins such as a spectacular Mexican 8 cob reales from the Concepcion (1641) with a canvas bag corrosion pattern were sold that day.

There were also numerous comments and questions on the 88 troy pound silver bar from the Atocha (1622) that we had on display. It, though not for sale now, proved to be quite an attraction. Look for it in our November 1-2 Treasure Auction 26.

The bourse slowed down a little bit towards the afternoon. This gave us time to replace holes in our cases with other coins as well as make some dealer to dealer sales. We had many numismatic books for sale as well, several of which went off to the libraries of collectors and dealers alike.

44f02229-cbbe-455f-bda5-e175224897c8ddd

A few items from our inventory as well as consignments for our November auction.

Friday morning was also active as we saw more clients who took the day off to come out to the show. Many more coins were sold and plenty of conversations were had. Although it became quiet in the afternoon, we took advantage of the time to write up some new inventory that came our way. We also processed some new consignments throughout the show. One such item is a gold disk ingot weighing 372 grams from the wreck of the Luz, sunk in 1752 off Montevideo, Uruguay that’ll be a star in the Shipwreck Ingots section of our November sale.

The final day of the show, Saturday, was somewhat active. Plenty of families came out as well as a Boy Scout troop. Several new Venezuelan banknotes were passed out by us to the young numismatists. Some last-minute deals were concluded before we packed everything up for the ride back to the office.

Our thanks go out to the FUN show organizers for creating another well attended show. We also appreciate the work of the show security staff, police officers, and sheriff’s deputies who walked the bourse and kept the event safe.

Our next show is the ANA World’s Fair of Money. It’ll be held Aug. 11-17 in Rosemont, Ill. We’re closing our consignment period for the November auction then, so please contact us now so we can get the paperwork done and the items shipped. For more information, check out our company schedule here.

IAPN votes in Daniel Frank Sedwick as President

17 May

Daniel Frank Sedwick has been sworn in as president of the International Association of Professional Numismatists (IAPN). His new term began during the annual IAPN congress held May 13-15 in Carefree, Arizona.

IMG-8107

Daniel Frank Sedwick speaking at the IAPN congress.

Sedwick is the owner and founder of Daniel Frank Sedwick, LLC. He has worked as a professional numismatist since 1989 and has been hosting coin auctions since 2007.

He was elected without opposition to a two-year term. Prior to that, Sedwick served two years in the organization’s executive committee. He also chairs the IAPN’s committee on international trade.

“The IAPN embodies the highest standards and ethics among international coin dealers,” said Sedwick. “It is an honor to lead such a venerable organization in the fight for free trade in numismatics.”

5df78882-6466-436f-831e-a5e857f84c52 (1)

The IAPN’s logo.

The IAPN was founded in 1951 in Geneva, Switzerland. Today, more than 90 numismatic firms are in membership, located all over the world. Every member must agree to a code of ethics the organization developed to provide for the protection and preservation of numismatic heritage. The association pursues projects dedicated to the advancement of numismatics such as anti-counterfeiting, government relations, international numismatic trade, and promoting numismatic research.

The Association is a non-profit making organization established within the terms of points 60 to 72 of the Swiss Civil Code. Its registered office is at IAPN, CH-8000 Zurich (Switzerland).

Sedwick’s May 2-3 Treasure Auction 25 posts $2.05 million

11 May

A shipwreck-recovered early Spanish colonial gold tumbaga bar (lot 194) weighing 1.816 kilograms with a marked fineness of 5.75 karat saw heavy interest during Daniel Frank Sedwick, LLC’s Treasure, World, U.S. Coin & Paper Money Auction 25 conducted online on May 2-3. After the spirited bidding concluded, the bar realized a price of $50,575 on a $35,000 and up estimate. The bar was one of thirteen gold ingots recovered from the “Tumbaga wreck” which sank around 1528 off Grand Bahama Island. The surfaces of the bar bear the tax stamps in the name of Charles V, the Holy Roman Emperor who also ruled over Spain at the time.

33011507_1

Lot 194 – Large tumbaga gold ingot, 1816 grams, marked with fineness V and three dots (5.75 karat, or 23.96% fine), also marked with R and S and several tax stamps of Charles V, Holy Roman Emperor, ex-“Tumbaga wreck” (ca. 1528), Garcia-Barneche Plate.

For silver shipwreck bars, a high-grade silver bar (lot 208) weighing 92 troy pounds, 3.84 troy ounces that was recovered from the wreck of the Atocha, sunk in 1622 off Key West, Florida sold for $57,715 on a $30,000 and up estimate. The bar was graded Class Factor 1.0, the highest grade given to Atocha silver bars, despite spending 300 years on the ocean floor. Two other Class Factor 1.0 Atocha silver bars in the sale weighing 76 troy pounds, 10.24 troy ounces (lot 209) and 60 troy pounds, 7.68 troy ounces (lot 210) sold for $50,575 (estimate: 25,000 and up) and $47,600 (estimate: $20,000 and up) respectively.

33011521_1

Lot 208 –

Also from the Atocha shipwreck was a gold “finger” bar weighing 622 grams with a 20.25 karat fineness (lot 196) that went for $47,005 on a $25,000 and up estimate. Likewise, coins from the Atocha attracted heavy interest with a 1617-dated gold cob 2 escudos struck in Seville, Spain (lot 64) bringing $33,320 on an estimate of $7,000 to $10,000. Silver cobs from that wreck also saw very strong bidding; some coins brought over double the high estimate.

33011377_1

Lot 64 – Seville, Spain, cob 2 escudos, 1617G, rare, ex-Atocha (1622).

A selection of rarities from the wreck of the Santa Margarita, sister ship of the Atocha and lost at the same time, also appeared in the auction. Lot 197, a gold bar weighing 282 grams with a marked fineness of 19.5 karat realized $33,320 on a $15,000 and up estimate. Also from the wreck was a Seville, Spain-struck gold cob 2 escudos (lot 65) from the reign of Philip III graded PCGS MS 61 that brought $17,255 on an estimate of $6,000 to $9,000.

“We are extremely pleased with the sale results,” said president and company founder Daniel Sedwick. “This was our second highest earning May auction since we began hosting auctions in 2007. A combination of motivated bidders and great consignments of fresh and varied material made this sale a success.”

The world coin sections of the auction saw many top rarities end up in new collections. For gold, an Argentina 8 escudos dated 1832/1 (lot 80) graded NGC MS 62 and pedigreed to the George Gund collection earned $26,180 on a $20,000 and up estimate. In silver, a Potosi, Bolivia-minted bust 8 reales dated 1776 (lot 917) and graded NGC MS 64 collected $10,115 on a $2,000 to $3,000 estimate.

Other top lots in the auction include:

  • Lot 8 – Lima, Peru, cob 8 escudos, 1705H, NGC MS 62, ex-1715 Fleet, sold for $30,940
  • Lot 13 – Lima, Peru, cob 8 escudos, 1714/3M, NGC MS 62, ex-1715 Fleet, sold for $29,750.
  • Lot 1535 – Gold chain, 43” long with fineness of 22 karat, ex-1715 Fleet, pedigreed to the Real Eight Company, sold for $23,800.
  • Lot 195 – Cut gold “oro corriente” piece with crowned-CA tax stamp for Charles I of Spain, 42.08 grams, ex-1500s wreck, sold for $20,230.
  • Lot 124 – Guatemala, bust 8 escudos, Ferdinand VI, 1757J, NGC VF 35, sold for $17,969.
  • Lot 201 – Large gold-in-quartz specimen, 323.2 grams, from the Sixteen to One Mine in Alleghany, California, sold for $16,660.
  • Lot 655 – Mexico City, Mexico, 4 reales, Charles-Jaonna, “Early Series,” assayer F/P to right, mintmark M to left, NGC AU 53, ex-Rudman, sold for $13,090.
  • Lot 203 – Silver “tumbaga” bar #M-105, 3,595 grams, assayer B~Vo, sold for $10,710.
  • Lot 510 – USA, gold $20 coronet Liberty “double eagle,” 1857-S variety 20A, PCGS MS 64 / SS Central America, sold for $8,330.
  • Lot 1133 – Lahore, India (British), original proof ½ rupee, 1945-L, George VI, large 5, PCGS PR65, sold for $8,330.
33012446_1

Lot 1133 – Lahore, India (British), original proof 1/2 rupee, 1945-L, George VI, large 5, PCGS PR65.

  • Lot 826 – Potosi, Bolivia, cob 8 reales Royal (galano), 1749q, sold for $7,735.
  • Lot 1436 – San Jose, Costa Rica, Banco de la Union, 25 pesos specimen, 1889, PMG UNC 63 EPQ, sold for $7,735.
Lot 1436

Lot 1436 – San Jose, Costa Rica, Banco de La Union, 25 pesos specimen, 1-5-1889, series A, PMG Choice UNC 63 EPQ.

  • Lot 238 – Potosi, Bolivia, cob 8 reales, Philip II, assayer M, Grade 1, ex-Atocha, sold for $7,140.
  • Lot 966 – Santiago, Chile, “volcano” peso, 1832I, PCGS AU55, sold for $6,783.

Full prices realized can be viewed at auction.sedwickcoins.com. The company’s next auction will be held Nov. 2-3, 2019 with a consignment deadline of Aug. 17, 2019.

NGC graded coins, PMG graded notes featured in Sedwick’s May 2-3 Treasure Auction 25

22 Apr

A large variety of rare NGC graded coins and PMG graded banknotes are coming up for bid on May 2-3 in Daniel Frank Sedwick, LLC’s Treasure, World, U.S. Coin and Paper Money Auction 25. The floor auction will take place live online at auction.sedwickcoins.com; advance bidder registration is recommended. Here’s a look at some of the top lots appearing in the sale:

NGC-graded coins

PMG-graded notes

To bid on these and other lots in the auction, please visit https://auction.sedwickcoins.com/auctionlist.aspx.

%d bloggers like this: