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Shipwreck artifacts and coins top Sedwick auction

12 May

Strong collector demand provoked intense bidding and high prices for both shipwreck and non-shipwreck items in Daniel Frank Sedwick, LLC’s May 3-4 auction. The 2,086 lot auction realized $1.725 million in winning bids. All prices listed include a 17.5 percent buyer’s premium.

Rosary (2)

A gold and red-coral rosary recovered from the Atocha that sold for $85,187.

A gold and red-coral rosary recovered from the shipwreck of the Atocha, which sank in 1622 west of Key West, Florida, greatly surpassed its $25,000-up estimate to sell for $85,187. The rosary, in the sale as lot 2020, has been well publicized since its discovery in 1973, having appeared in the June 1976 issue of National Geographic and offered in a 1988 Christie’s auction.

Atocha bar

A 83 troy pound, 7.52 troy ounce silver bar from the Atocha was purchased for $64,883.

Another Atocha relic in the sale was lot 319, an 83 troy pound, 7.52 troy ounce silver bar that went for $64,883 on a $35,000-up estimate.

Salvation coin

A Bogota gold escudo from the 1715 Fleet and donated to the Salvation Army sold for $3,819.

Hundreds of shipwreck coins appeared in the sale as well. One of the most viewed items in the sale was lot 46, a Bogota gold escudo recovered from the shipwrecked 1715 Fleet and famously donated to the Salvation Army red kettle campaign during the 2016 holiday season. It flew by its $2,000-$3,000 estimate and sold for $3,819.

Cuzco

A MS-64 1837 Cuzco, Peru, gold 8 escudos hammered at $38,775.

Many non-shipwreck pieces saw high prices and, in some instances, record breaking prices. Lot 203, a Cuzco, Peru, 1837 gold 8 escudos graded NGC MS 64 went for $38,775. It was estimated at $20,000-$30,000.

Panama coins and paper money saw spirited bidding in the auction. A rare Panama 1930 matte proof set consisting of the half-, quarter- and tenth-balboas pedigreed to the Richard Stuart collection was offered as lot 1648. The set sold for $18,800, well past its $2,000-$3,000 estimate. Likewise, a Panama (then a state in Colombia) 1869 3 pesos banknote graded PMG VF 25 realized $3,055 on a $1,500-$2,250 estimate.

1864

This Sovereign State of Panama 3 pesos note from 1869 graded PMG VF 35 realized $3,055.

Other top lots include:

  • Lot 24, a Lima 1697/66H cob 4 escudos from the 1715 Fleet graded NGC MS 63 sold for $31,725.
  • Lot 3, a 1713 Mexico gold 8 escudos from the 1715 Fleet graded NGC MS 66 sold for $28,200.
  • Lot 556, a Mexico cob 4 reales from the pirate ship Whydah sold for $16,450.
  • Lot 320, a 35 troy pound, 1.81 troy ounce silver bar from the Maravillas shipwreck sold for $15,275.
  • Lot 1666, a Paraguay white-metal pattern 10 reales (ca. 1861-67) graded NGC MS 61 sold for $15,862.
  • Lot 1644, a Panama copper-nickel 1918 2-1/2 centesimos pedigreed to the Richard Stuart collection and graded NGC MS 63 sold for $13,512.

Full auction results can be viewed online at auction.sedwickcoins.com. Daniel Frank Sedwick, LLC is currently accepting consignments for their Treasure, World, U.S. Coin and Paper Money Auction #22 to be held Nov. 1-3, 2017. For more details, please contact Daniel Frank Sedwick, LLC at office@sedwickcoins.com.

Shipwreck silver ingots and gold coins highlight Sedwick’s Treasure Auction

15 Mar

A massive 83 troy-pound, 7.52 troy-ounce silver bar recovered from the shipwreck of the Atocha and estimated at $35,000-up is just one of many treasures to appear in Daniel Frank Sedwick, LLC’s Treasure, World, U.S. Coin and Paper Money Auction 21. The online live auction will be held May 3-4 at www.auction.sedwickcoins.com. Lots can be previewed on the site in the first week of April.

atocha bar

An 83 troy-pound, 7.52 troy-ounce silver bar from the Atocha

The large silver bar comes from one of the richest Spanish treasure galleons lost at sea, the Atocha, which sank in 1622 west of Key West, Florida. One month after sinking, a hurricane scattered the wreck, preventing the Spanish authorities from recovering its treasure. However, modern salvage operations conducted by Mel Fisher in the 1970s uncovered approximately 1,000 silver ingots and over 100,000 shield-type cobs. Coins from the Atocha will be offered in the Sedwick auction as well.

rosary

A gold and red-coral rosary recovered from the Atocha, photo credit to Carol Tedesco, Key West, FL

Another treasure find from the Atocha appearing in the auction is a gold and red-coral rosary. The rosary was featured in the June 1976 issue of National Geographic Magazine and is pedigreed to a 1988 Christie’s auction. The rosary is estimated at $25,000-up.

Other top lots include:

  • A 1713 Mexico gold 8 escudo from the 1715 Fleet, graded NGC MS 66, estimated at $15,000-up

    1713

    An MS 66 1713 Mexico gold 8 escudos from the 1715 Fleet

  • An NGC-graded denomination set of gold Lima escudos dated 1710 recovered from the 1715 Fleet, estimated at $30,000 to $50,000 total
  • A Bogota gold 1 escudo recovered from the 1715 Fleet and famously placed in a Salvation Army red kettle during the 2016 holiday season, estimated at $2,000 to $3,000
  • An 1837 Cuzco gold 8 escudos, graded NGC MS 64 and tied for finest known, estimated at $20,000 to $30,000

    203

    An MS 64 1837 Cuzco gold 8 escudos

  • A 35 troy-pound, 1.81 troy-ounce silver bar from the Maravillas shipwreck of 1656, estimated at $10,000 to $15,000
  • Four silver bars recovered from the “Tumbaga Wreck” (ca. 1528)
  • Over 200 Central American coins pedigreed to the Richard Stuart Collection
  • An 1882 $20 Gold Certificate, graded PCGS UNC 65 – Repaired Edge Tear, estimated $8,000 to $12,000

    img330

    A PCGS Gem New 65 Apparent – Repaired Edge Tear at Top Right 1882 $20 Gold Certificate

  • Around 200 lots of U.S. and world bank notes
  • More than 30 lots of natural gold nuggets

Bidders can register for the auction at www.auction.sedwickcoins.com in early April. The printed catalog will also be available early April at www.sedwickcoins.com. For more details, please contact Daniel Frank Sedwick, LLC at office@sedwickcoins.com.

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Why History Matters: Consigning Items With A Story

28 Dec

Do you have an interesting coin, bank note, or shipwreck artifact with a history to tell? Here are the 15 reasons why you should consign to us now to be a part of Treasure Auction 21:

1) Daniel Frank Sedwick, LLC will get top dollar for your consignments. As the world’s ONLY full time auction specialists in Spanish colonial and shipwreck coins (not to mention ingots and artifacts), we have exclusive clientele worldwide and extensive knowledge and experience. That translates into results you can bank on.

2)     Our personal service is unparalleled. Our bidders and consignors deal directly with the heads of our company, who also personally research and photograph everything. Our aim is maximum comfort and confidence, so we accommodate everyone’s needs through barrier-free communication. No consignor or bidder is too big or too small for our attention!

3)     Our overall philosophy is that specialized attention beats massive volume and market sprawl. Lima Gold Cobs 1715 Fleet Lima, Peru, cobs choice set: 8 escudos 1712M, 4 escudos 1710M, Within our specialty we handle the same important collectors worldwide as other companies but with much more personal service and far less overhead. We make sure that every important consignment gets maximum exposure at shows and on the Internet without wasting resources on exclusive venues and over-distribution.

4)     While other auction houses simply put the lots up for sale and depend on the market to set the prices, we take the steps to personally point out lots to the right bidders, and we maximize exposure to all bidders via mail-out catalogs and the Web. We don’t just hold an auction, we make an event of it!

5)    ¡Hablamos su idioma! Our staff deals with the most important Latin American bidders and buyers on the market. We are able to travel and talk to all our Hispanic bidders and consignors, which creates a level of comfort that draws even the most cautious participants to our venue.

6)     Our financial record is unblemished. In over 8 years of auctions, we have never paid a consignor late (unless he requested it) or had any dispute that was not corrected immediately. We give winning bidders all available options for payment and take necessary steps to make sure all bills are paid.

7)     Daniel Frank Sedwick, LLC offers cash advances for qualified consignments. Many consignors also enjoy being able to trade their proceeds against purchases within the same sale. Our personalized attention makes it possible to accommodate many special needs.

8)     We are not just auctioneers: We are recognized researchers and editors, with many scholarly books and articles to our credit. (We also give seminars and teach classes when we can) With every auction we make new numismatic discoveries and publish them immediately for everyone’s benefit. It takes more than just a reference number to sell a rare coin!

9)    Because not every consignment comes in sale-ready, we take the time to properly merchandise each item and even offer limited conservation services. Our goal is to make each lot the best it can be so the consignor will benefit.

10)     Our presentations are the best in the business. We start with detailed lot descriptions, disclosing all aspects positive and negative, to give bidders the peace of mind to comfortably place their bids and avoid returns. For cobs especially, grading and evaluation are very difficult and require our exclusive expertise. After rigorous proofreading and editing, we marry the text with state-of-the-art digital photography and zooming for important details. Then, with keen attention to efficient and aesthetically pleasing layout, we put it all online and in beautiful catalogs that are collectible in their own right and housed as references in many important numismatic libraries like the American Numismatic Association and the Numismatic Literary Guild. Finally, our catalogs and results are permanently accessible for all to see on our own website, on iCollector.com and on CoinArchives.com.

11)  We make a point to estimate all lots at reasonable levels. We research all consignments to make sure the lots are being offered at correct levels. We never take advantage of a consignor’s ignorance of the current market or rarity of his material, and we take any advice or follow any special instructions the consignor may have.

12)   From the minute you consign, Daniel Frank Sedwick, LLC will get the word out to potential bidders. We get excited about unique and rare pieces and we pass that enthusiasm on to our clients.

13)  Our preeminence in the field of Spanish colonial and treasure coins has logically propelled us to the top of the field in Latin American numismatics as well. Our expertise and clientele are now among the best for this often-underrated field. We are also developing a presence in world coins in general, especially gold, with ancient coins, medals and paper money in nearly every auction as well. Nothing is outside our radar!

14)  Through iCollector.com and our own expertise we are able to conduct our auctions using the latest technology and convenience of online bidding, without over-the-top bells and whistles that just become confusing. The iCollector platform brings hundreds of thousands of bidders worldwide to our auctions with the confidence of unparalleled tech support and absolute third-party confidentially. Simply put, it is old-style service with state-of-the-art technology.

15)  We are members in good standing with most major professional guilds and collector organizations, including: IAPN (International Association of Professional Numismatists), ANA (American Numismatic Association), ANE (Asociación Numismática Española), FUN (Florida United Numismatists), NLG (Numismatic Literary Guild), NI (Numismatics International), USMexNA (U.S. Mexican Numismatic Association), PCGS(Professional Coin Grading Service) and NGC (Numismatic Guaranty Corporation). We are fully insured (underwritten by Lloyds of London) and fully licensed with the State of Florida as auctioneers (AU3635) and as an auction business (AB2592).

treasure bars atocha 1715 fleet gold and silver ingots pirate

NOTE: Consignment deadline for our May 3-4, 2017 Auction

February 19, 2017

Come and see us in person to the following upcoming shows:

Florida United Numismatists Show (accepting consignments)
January 5-8, 2017
Fort Lauderdale, FL

New York International Show NYINC (accepting consignments)
January 12-15, 2017
New York, NY

Vero Beach Coin Show (accepting consignments)
January 14-15, 2017
Vero Beach, FL

Long Beach Coin Expo  (accepting consignments)
February 16-18, 2017
Long Beach, CA

ANA’s National Money Show  (Lot viewing)
March 9-11, 2017
Orlando, FL

Please contact us at office@sedwickcoins.com or call 407.975.3325

We are constantly looking for:

  • High-grade gold and silver Latin American coins (especially large collections)

  • World Gold coins including US and early British and Dutch

  • Rare early Spanish colonial cobs (collections or single coins)

  • 1715-Fleet gold and silver dated cobs.

  • Shipwreck coins and cobs in reasonable condition with original certificates

  • High-grade silver cobs & pillar dollars

  • Artifacts from shipwrecks (well documented and properly conserved)

  • Silver and gold ingots from shipwrecks

  • World Paper Money

  • U.S. Coins

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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.)

 

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What You Can’t Live Without in Treasure Auction #20 (part four)

8 Nov

We’re into the home stretch with only 4 days to go until the auction! We hope you have been bidding and will join us for the live portion.

Below are some of the most important artifacts in the auction, and while most of these items will come up at the end of the auction, it’s definitely a case of “last but not least.” Coins–as well as all shipwreck treasure–are our business, and you can be confident that we know what we’re talking about in our descriptions.

lot-473-ta-20

Lot 473, Sedwick Treasure Auction #20

Why have one coin when you can have several? The above is a large clump of 20+ Mexican cob 8 reales, two in front dated 1714. It’s a very impressive display that stands up well, also a very rare item these days and was recovered from the Spanish 1715 Fleet off the east coast of Florida.

 

lot-1086-ta-20

Lot 1636, Sedwick Treasure Auction #20

You could eat off the above plate today because it’s in such good condition. It’s marked with a tax stamp and LDo.IVo. / RAMYREZ under rim. More important, the underside of the rim bears most of a castles-and-lions circular tax stamp and a stamping in tiny letters that exactly matches lots 41-43 of the Christie’s 1988 Atocha auction, in which that mark was described as an “owner’s stamp.” It is clearly part of a set with this bigger basin; those three lots were only 8-7/8″ in diameter and described as “dinner plates.” They fetched some of the highest prices realized among the silver plates in that sale, upwards of $6000 hammer, but not even close to the price realized for the only large basin (like what we are offering here but slightly bigger), lot 47, which hammered at $22,000!

 

lot-1646-ta-20

Lot 1642, Sedwick Treasure Auction #20

The above is a complete gold plain-loop chain, 34.55 grams, from the “Tricentennial Treasure” find of 2015. There are hundreds of tiny plain links in a tight chain (easily kinked) that is remarkable for being unbroken and complete, eminently wearable and attractive despite its simplicity, also one of the first artifacts from the famous “Tricentennial Treasure” to be offered for sale. From the 1715 Fleet (Douglass Beach site).

 

lot-1654-ta-20

Lot 1654, Sedwick Treasure Auction #20

What’s an auction with out a cannon? The above Danish naval “4-pounder” bronze howitzer from the late 1700s  is  believed to have been from military and naval stores captured by the British during the Battle of Copenhagen in 1807. Sent to England, these items were used by English forces during the Napoleonic Wars and in America and Canada during the War of 1812. Some ended up in American service due to capture or purchase. The bronze barrel has a chambered bore (which most howitzers have), a designated area for the powder charge, turned decorations and cast with bronze pointing tiller cascabel ending on a rounded ball end. This cannon was made for use as a swivel gun but is now mounted on a mahogany naval deck carriage (complete and serviceable with working elevation screw and wheels) with correct brass and iron mounts and four wheels from the early 19th century (possibly exact replacements made later). The barrel is in excellent condition with minor surface wear and excellent light-brown patina.

Once again, we hope you all your bids are winning bids!

Gallery

A relative to the Confederate half dollar? 6 U.S. highlights in Treasure Auction 20

28 Oct

While Spanish colonial and shipwreck coins make up much of our November auction, a number of other collecting areas are well represented. We’ve already taken a look at paper money, so let’s turn to U.S. rarities coming up for auction.

Lot 1401 – 1890-CC Coronet Head double eagle – Est. $2,000 – 3,000

25873517_1

As the highest denomination struck by the famous Carson City Mint, their double eagles were never struck in great numbers. Mintages barely topped 100,000 between 1874 and 1876. By the time this 1890-CC double eagle was struck, the mint had only three years left before closing in 1893. Still, the fact that 91,209 were minted in 1890 is impressive and makes this example an in-demand, yet affordable piece for the Carson City type set collector.

Lot 1414 – 1844-D Coronet Head double eagle – Est. $1,500 – 2,250

25873530_1

dahlonega-mint-1877

The former Dahlonega Mint building in 1877 or 1878.

This 1844-D half eagle was struck in the better years of the Dahlonega Mint, where mintages of the half eagle approached 100,000 coins from 1843 to 1845. In 1844, 88,982 Dahlonega half eagles were made, making it, like the above lot, attractive yet affordable for the Dahlonega type collector or for someone who just wants to own one. The typical bag marks and scratches are noted in the fields, with wear evident yet not enough to knock it down to Very Fine as the coin still has a full Liberty headband.

Lot 1429 – 1914 Indian Head quarter eagle – Est. $1,500 – 2,250

25873545_1

Some rarities take the form of gorgeous, high grade examples, such as this 1914 quarter eagle. NGC certified it as MS-63, putting it ahead of many others in uncirculated grades. Only light bagmarks are noted in the fields with some planchet adjustment lines in the headdress and light toning throughout.

Lot 1436 – 1846 Seated Liberty silver dollar – Est. $900 – 1,350

25873552_1.jpg

This AU-55 1846 Seated Liberty dollar is perfect for a U.S. type set collector. Only light even wear is visible on the high points. The fields and some areas of the design are darkly toned with lighter toning around the stars, dress folds, and eagle’s wings. Overall, a nice, lightly circulated example with a well-centered strike.

Lot 1437 – Set of three New Orleans-minted half dollars from the SS Republic – Est. $1,500 – 2,250

25873553_1

This set represents two important events to U.S. coin collectors: the beginning of the Civil War in 1861 and the sinking of the SS Republic in 1865.

Upon the election of Abraham Lincoln on Nov. 6, 1860, Southern states began to secede, with Louisiana seceding Jan. 26, 1861 before joining the Confederate States of America on March 21, 1861. It was during that time the New Orleans Mint continued striking Seated Liberty half dollars under all three governments: U.S., State of Louisiana, and Confederate. Through die diagnostics, all three issues can be identified, while in this set, the U.S. issue is denoted with an 1860-O half dollar.  The 1861-O Confederate issued half dollar in the set, noted for the die crack on the obverse above Liberty’s face, shares the same obverse die as the four known Confederate half dollars bearing the words “Confederate States of America” above the eagle on the reverse.

Furthermore, all three coins were recovered from the SS Republic, a ship that sank with many U.S. coins onboard, both silver and gold, on Oct. 25, 1865. Since the wreck’s discovery in 2003, some U.S., State of Louisiana, and Confederate issued Seated Liberty half dollars have been found and packaged into attractive sets like this, where coin collectors, Civil War historians and shipwreck researchers can appreciate these historical coins.

Lot 1439 – 1909-S Indian Head cent – Est. $700 – 1,000

25873555_1

This is a beautiful 1909-S cent, a rare, key and final date to the long-lived (1859-1909) Indian Head cent series. Certified by NGC as AU-58 Brown, this piece has lovely chocolate brown toning throughout with choice wood-grain toning on the obverse and only light wear on the high parts of the design.

For more U.S. coins appearing in our November auction, visit the Session Four page here, up for sale on Sunday, Nov. 13 and Session Five (internet-only) page here, hammering on Monday, Nov. 14.

Here’s the Hat Trick – Numismatic News

15 Jan

Just a quick note to remind everyone of our upcoming shows. Dan is heading to Vero Beach today for the annual Treasure Coast Coin Club show. He’s loaded with new purchases from the FUN and NYINC shows, so please go by and see him! He’s also taking consignments for our upcoming Sedwick Treasure, World and US Coin Auction #19. We’re always pleased to receive consignments of significant collections of cobs and choice Latin American coins. High-quality artifacts are always welcome as well.

tccc-show-2016

At the end of the month, Dan and Augi will be traveling to Long Beach, CA, for the Long Beach Expo from February 4-6. They will again be happy to take consignments AND buy or sell you something. It’s a busy time of year for us, but we’re getting excited about our next auction and hope you will join the fun. Auction dates are May 18 and 19, so mark your calendar now.

OK, now for a cool hat trick.

Goal #1: Purchase a 1704 8 reales Potosi cob (not hard to do).

Lot 1431, TA #14, 8R cob

Lot 1431, Daniel Frank Sedwick, LLC – Treasure Auction #14

Goal #2: Purchase a 1704 8 reales Potosi royal (a little harder to do but not out of the question).

Lot 707, TA #14, 8R royal

Lot 707, Daniel Frank Sedwick, LLC – Treasure Auction #14

And Goal #3: Purchase a 1704 8 reales Potosi heart (you have a better chance with the lottery than getting this!).

Lot 720, TA #18, 8R Heart

Lot 720, Daniel Frank Sedwick, LLC- Treasure Auction #18

Pretty nifty hat trick, no? What I like about looking at all three of these coins is that we can study the details that are missing on our cob. This can go a long way in identifying coins.

One last note: the ANA (for American Numismatic Association) has just launched a digital archive of 127 years’ worth of The Numismatist magazine. Both Dan and my father, Frank Sedwick, have written articles for the magazine! Check out the story here: http://www.coinworld.com/news/us-coins/2015/12/ANA-launches-digital-archive-of-The-Numismatist-magazine.html

 

NOTE: The contents of this site including all images, graphics, photos, lists, compilations, articles and text are Copyright © DFS, LLC. Any form (commercial or non-commercial) reproduction, duplication, copy, redistribution, publication, or other use by any means in any form, is prohibited unless pursuant to a written permission by the Daniel Frank Sedwick, LLC.
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