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Treasure auction brings in $2.25 million

16 Nov

Winter Park, Florida – November 14, 2016 – Shipwreck gold and silver ingots made a big splash in Daniel Frank Sedwick, LLC’s $2.25 million floor auction held Nov. 12-14, 2016 in Orlando, Fla.

A complete gold strap intended for making oro corriente (coin-like ingots) recovered from an early 1500s wreck in the Caribbean sold for $94,000. It has a 22-karat fineness, weighs 1.128 kilograms and measures 10-1/2” long by 1-1/4” wide by 1/4” deep.

Another very large lot was an 82 pound, 7.36 troy ounce silver bar recovered from the Atocha purchased for $64,625. The bar is dated 1622, the same year as the sinking of the Atocha.

Other impressive highlights include the year’s largest offering of Spanish colonial cob coinage. The top gold lot was a Lima, Peru 1713M 8 escudos recovered from the 1715 Fleet which sank off the coast of Florida and certified by NGC as MS 63 (finest known in the census). It sold for $32,900.

In addition to the floor auction, educational talks were held on Nov. 11 on a variety of topics including shipwreck treasure recovery, professional collecting and coin buying strategies.

Daniel Sedwick, president of Daniel Frank Sedwick, LLC, said the event provided the perfect close to a successful year.

“The feedback from attendees and bidders was overwhelmingly positive, reflected in strong bidding and record results, but as always we are thankful to our consignors for their trust and confidence,” said Sedwick. “We explored some new areas for us, mainly paper money, and look forward to offering more high-quality items in the future.”

Of the firm’s inaugural offering of paper money, the most valuable lot was a Puerto Rican 1813 8 reales note graded by PMG as VF-35 Net / Pieces Missing acquired for $5,875.

Other top lots and prices realized include:

  • Gold “finger” bar from the Golden Fleece Wreck: $47,000;
  • Large gold disk recovered from the 1715 Fleet, 2029 grams, 11.25-karat: $47,000;
  • Lima, Peru 1704H 8 escudos, NGC MS 62: $30,550;
  • Potosi, Bolivia 1725Y Louis I 8 reales Royal, VF+: $17,035;
  • Large silver basin recovered from the Atocha: $16,450;

Full auction results are available here: http://www.sedwickcoins.com/. A premium of 17.5 percent is included in the prices listed.

Consignments are now being accepted for Daniel Frank Sedwick, LLC’s Treasure, World, U.S. Coin and Paper Money Auction 21, scheduled for May 3-4, 2017. Please contact Augi Garcia at augi@sedwickcoins.com or Connor Falk at connor@sedwickcoins.com.

Lot 202, the complete gold strap used for making oro corriente pieces, marked five times with circular tax stamp of Charles V, Holy Roman Emperor;
Lot 211, large silver bar recovered from the Atocha weighing 82 lbs, 7.36 troy oz. dated 1622 [14” x 5” x 3-1/2”]
Lot 30, Lima, Peru, cob 8 escudos 1713M graded NGC MS 63 [finest known], recovered from the 1715 Fleet.)

 

Gallery

Daniel Frank Sedwick, LLC welcomes numismatist Connor Falk

16 Aug

Daniel Frank Sedwick, LLC, a world class auctioneer of coins and artifacts, is proud to have numismatist Connor Falk join the company.

Falk will review and catalog consignments as well as work with clients to get the most out of the auction experience. Daniel Frank Sedwick, LLC, already the leader in Latin American and shipwreck coin and artifact auctions, is expanding into new areas of numismatics such as U.S. coins and paper money to better serve a growing market. Falk will lead these expansion efforts with his numismatic knowledge and enthusiasm.

connorfalk

Connor Falk

“It comes down to personal service,” said Daniel Frank Sedwick, president and founder of Daniel Frank Sedwick, LLC, “and to maintain our high level of service in additional areas, we needed expertise and energy. With his experience in customer relations, writing and editing, and of course numismatics, Connor was the right fit in every way.”

According to Agustín García-Barneche, vice president and partner of Daniel Frank Sedwick, LLC, “you just don’t see enough young, professional numismatists in world coins like Connor, so we jumped at the chance to bring him on board. Like each of us in the company, Connor will be involved in all the logistics, which will give us even more flexibility to travel and service our clients, collectors and dealers alike. Our growing company has just taken a big step forward!”

Prior to joining Daniel Frank Sedwick, LLC, Connor Falk was the online content editor for F+W’s Numismatics department and a journalist for Numismatic News. He was the bourse chairman for both the 2016 Chicago Paper Money Expo and the 2016 Chicago International Coin Fair. A numismatist in his own right, he focuses primarily on U.S. and Mexican coins and paper money.

Falk has a B.A. in English from the University of Wisconsin – Stevens Point (Class of 2014). He is a member of the ANA, the Central States Numismatic Society (life member), the Chicago Coin Club, and the U.S. Mexican Numismatic Association (life member). Outside of numismatics Connor spends time scuba diving and he is working his way up to a Master Scuba Diver certification.

Want to discuss consignments or upcoming auction lots? Contact Falk at 920-676-5269 or by email at connor@sedwickcoins.com

sedwick_teamConnor Falk, Daniel F. Sedwick and Agustin Garcia-Barneche. Anaheim, CA ANA World’s Fair of Money 2016. 
Daniel Frank Sedwick, LLC is the world’s premier specialist company in the colonial coinage of Spanish America, shipwreck coins and artifacts of all nations. In addition to an Online Store, we sell coins and artifacts at various numismatic shows around the nation. Daniel Frank Sedwick, LLC also has the honor of being the only auction company in the world specializing in authentic treasure! Our auction catalogs are accessible on the web and printed in a high-quality format with full-color illustrations for all lots.
Contact Info:
Daniel Frank Sedwick, LLC
407-975- 3325
info@sedwickcoins.com
www.SedwickCoins.com

Sedwick’s Second Floor Auction #16: A Growing Success

21 Mar

As our second floor sale (with simultaneous interactive LIVE Internet bidding), our 16th live auction was a new milestone for our growing company. Serious bidders and top numismatists from around the world came to the November 6 auction in five consecutive sessions at the DoubleTree Hotel in the Walt Disney World Resort. The Floor auctioneer was Shaunda Fry and Internet bidding was handled by Dan Sedwick, with phone and book bids manned by Augi Garcia. At the same time lot viewing kept going in the adjacent room monitored by Cori Sedwick Downing and the auction staff. Live video and audio feeds gave remote attendees extra insight into what was happening and added interest.

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The day prior to the auction, the auction room warmed up with educational presentations by experts from all over the world: 1) Ben Costello (director of the 1715 Fleet Society), “The 1715 Fleet 300th Anniversary”; 2) Jose Manuel Henriquez (president of Dominican Republic Numismatic Association), “La Numismatica Dominicana”; 3) Roberto Mastalir (Ecuadorian researcher-writer), “Potosi Cobs: Transitional period”; 4) Jorge Emilio Restrepo (Colombian researcher-writer), “Coins Issued during Colombian Independence”; 5) Cori Sedwick Downing and Jorge Proctor (researchers-writers), with guest speaker Angel Valtierra Matus (Casa de Moneda de Mexico and National Mexican Numismatic Museum), “Mexican Charles and Joanna Coinage.”

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Michelle, Cori and Jessica

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The auction room was filled with 50 to 75 people the whole time, most of whom also attended the previous night’s welcome dinner, Argentinean gaucho style with live tango dancers, and enjoyed continuous socializing and networking with more than 100 people from all around the world. About the same amount of bidders online at the same time created a level of participation never reached before, not counting hundreds of “watchers” witnessing the event. It was wonderful to see-a veritable “coin party” like nothing the field has seen in a long time!

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Daniel Sedwick and Jorge Emilio Restrepo

Prices realized (including buyer’s fees) surpassed the $2 million mark. Many lots sold for record prices, reflecting how our specialized attention and worldwide visibility have brought top collectors old and new to our auctions. We continue to grow, and attendees from the prior year already noticed the improvements. We will keep offering a unique combination of high-class material, top-tier educational presentations, serious bidders and entertaining social affairs, and now we invite you to consign and take advantage of the opportunity to be a part of it.

Some of the highlights in the auction that sold for strong prices (including 17.5% buyer’s fee):

26 Lima, Peru, cob 8 escudos, 1702H, rare, from the 1715 Fleet. $17,625
29 Lima, Peru, cob 8 escudos, 1711M, from the 1715 Fleet, encapsulated NGC MS 61. $15,275
367 Mexico City, Mexico, cob 8 reales, 1715J, from the 1715 Fleet $22,325
404 Mexico City, Mexico, 8 reales, Charles-Joanna, “Early Series,” assayer Rincon. $587,500
492 Lima, Peru, cob 8 reales presentation strike, 1659V, “Star of Lima” $21,150
496 Lima, Peru, cob 4 reales, 1659V, “Star of Lima” type, mintmark LIMA, extremely rare. $9,980
505 Lima, Peru, cob 2 reales, 1660V, “Star of Lima” type (Series III), extremely rare. $9,560
597 Potosi, Bolivia, cob 1/4 real, Philip II, assayer R (Rincon), finest know. $9,400
752 Bogota, Colombia, pillar 8 reales, Charles III, 1770VJ, encapsulated NGC MS 64. $61,600
968 Quito, Ecuador, oval uniface silver military decoration, Liberation of Quito in 1822. $11,750
1043 Dutch bronze “six-pounder” cannon with Amsterdam proofmark. From 1733 Fleet. $23,000
1038 Gold And Red-Coral Rosary, Complete from the 1715 Fleet. 30,000

Prices realized: You can find a complete list of prices realized by clicking here.

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Jorge Proctor and Augi Garcia Barneche

What’s next? Now is not too early to consign to our Treasure and World Coin Auction #17, tentatively scheduled for the last week of April, 2015 (more details coming soon). In fact, the deadline will be here before you know it, so please contact us soon. At the moment we are looking for significant collections of cobs and choice Latin American coins. We will be on hand to collect consignments in person at FUN, Vero Beach, NYINC and Long Beach during the month of January.
We are also looking forward to another great live floor event next year, now a must-attend event for fellow numismatists and collectors, tentatively set for October 27-30, 2015. Watch for details next summer, but we invite collectors now to make arrangements for this event ahead of time. Just save the date! Finally we thank our consignors and bidders for making this event a success and we look forward to working with both in the year to come.

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