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.

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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.

 

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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!

 

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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).

 

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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!

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

2 Nov

Today we want to make you aware of some very important silver coins you can bid on in our upcoming Sedwick Treasure, World, U.S. Coin & Paper Money Auction #20. When you see descriptions containing words or phrases like “unique,” “very rare,” “finest known,” and “unlimited value,” you can be sure these items will bring top dollar…and be worth every penny. It bears repeating that we often say you should buy the “best” coins  you can afford, whether that means coins in the best condition or of the highest rarity. The good things in life don’t come cheaply but you’ll rarely regret your decision to buy them and enjoy them for years. Good luck in our auction!

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Lot 561, Sedwick Treasure Auction #20

The above is a Mexico City, Mexico, 4 reales, Charles-Joanna, “Early Series,” coin and those who collect them know that varieties with the assayer mark (P) to the left and mintmark (M) to the right are generally much rarer than others. Also, this is an early variety in Assayer P’s tenure with the use of HISPANIE instead of the later use of HISPANIARVM in the legend on the pillars side.

 

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Lot 664, Sedwick Treasure Auction #20

The above is an extremely rare Mexico City, Mexico, cob 1 real Royal, 1643/2P. It is probably unique, but certainly unique in quality and of almost unlimited in value to the specialist collector.

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Lot 777, Sedwick Treasure Auction #20

The above is a rare Potosi, Bolivia, cob 8 reales, 1634T and the first coin collected by Emilio Paoletti, (and ex-Burzio, ex-Martini, ex-Janson) with copy #1 of Paoletti’s book 8 Reales Cobs of Potosi (3rd ed., 2016) and signed by him on the first page where the number 001 appears. What a remarkable pedigree!

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Lot 857, Sedwick Treasure Auction #20

The above is a rare Potosi, Bolivia, cob 8 reales, 1652E transitional Type III from the Capitana (1654). What is interesting about this die variety is that the O-E above 52 to right of shield is punched over N-8.

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Lot 961, Sedwick Treasure Auction #20

The above is a rare Potosi, Bolivia, cob 8 reales Royal, 1714Y with an interesting four-digit date below cross (the standard for 1712-15).

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Lot 967, Sedwick Treasure Auction #20

The above is a very rare Potosi, Bolivia, cob 8 reales Royal, 1725Y, Louis I, ordinal PRIMERO. Royals of Louis I are among the most desirable and difficult to obtain, particularly since the general coins of this period are so crude. The present example is very bold, with full inner details and nearly full legends, including full LVIS PRIMERO (not just PR) and POTOSI (the pillars side slightly off-center).

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Lot 1027, Sedwick Treasure Auction #20

The above is an extremely rare and currently unique Potosi, Bolivia, cob 4 reales, 1732YA. This is a very important 4R, as it is the ONLY date and assayer (not counting overdates) that we have NEVER seen in our 25-year study of Potosi pillars-and-waves cobs.

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Lot 1079, Sedwick Treasure Auction #20

The above is an extremely rare Potosi, Bolivia, cob 1 real Heart, 1718Y. It’s an attractive example of the classic Heart shape and like most Heart minors, this specimen is probably unique.

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Lot 1086, Sedwick Treasure Auction #20

The above is a Bogota, Colombia, cob 8 reales, 1670, assayer PoRS. It’s the finest and only known specimen in NGC census (NGC certification #4348135001) and is certainly among the choicest Bogota pillars-and-waves cobs in existence, in fact the highest of all Bogota cob 8R at NGC by two grades.

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Lot 1338, Sedwick Treasure Auction #20

The above is a very rare Nicaragua (Leon), provisional “imitation cob” 2 reales, 1823 P.M.P.Y. It is probably the finest known of this Leon type with “pine tree” tops of pillars, a type rarely seen without a hole or significant damage. See Carlos Jara’s book Central American Provisional and Provincial Mints (2007) for more information about the attribution of this type to Leon.

We hope you find exactly what you’re looking for in our upcoming auction and please feel free to contact us with any questions you might have. You can see coin lots in person this weekend (and see Dan, Augi, and Connor) at the Whitman Expo at the Baltimore Convention Center November 3-6.

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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

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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

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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

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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

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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

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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

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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.

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

25 Oct

In this blog, we will cover some of the big-ticket items (i.e. gold and gold and silver bars) you can find in our upcoming auction. These coins and bars are important for either their rarity, their quality, their provenance or all of the above. They are for the discerning advanced collector who can afford the best. These lots also represent historical treasures which anyone can appreciate whether they can buy them or not.

 

 

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Lot 30, Sedwick Treasure Auction #20

The above Lima 8 escudos cob is the finest known of its type in the NGC census with a grade of MS 63. Dan has described it as “a superb specimen all around, befitting the top honors.” Over and above that, it’s from the 1715 Fleet!

 

 

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Lot 35, Sedwick Treasure Auction #20

Another Lima 8 escudos cob, this coin is tied for finest known in the NGC census with a grade of MS 62. Dan’s description: “Clearly top grade but probably also the best in terms of strike, and apparently one of very few of this date and denomination recovered” from the Luz. ‘Nuff said!

 

 

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Lot 48, Sedwick Treasure Auction #20

A Bogota 8 escudos cob, this coin is the finest and only specimen in the NGC census with a grade of XF 45. Per Dan’s description it’s a “royal-like specimen on a broad flan with 100% full and bold date and king’s name in legend….one of just a handful of full-date specimens from this mint that seem to have been intended as presentation pieces, so great is the contrast between them and the regular issues with only partially or non-visible dates.” Furthermore, he notes that “this Philip V issue is much tougher than the Ferdinand VI type that followed.”

 

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Lot 89, Sedwick Treasure Auction #20

This Potosi bust 4 escudos is the finest and only known in the NGC census with a grade of AU 58. As Dan has noted, only 170 pieces (both laureate and non-laureate types) were minted and this date is the rarest bust-type issue in any denomination from this mint. It’s “a trophy gem and has no equal in any sales records known to us,” with “trophy” seeming like an understatement!

 

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Lot 161, Sedwick Treasure Auction #20

The above is a Lima, Peru, bust 8 escudos from the time of Ferdinand VI and dated 1751. This lot is “one of only two of this ‘large wigged bust’ type” from the Luz shipwreck. Pretty rare stuff!

 

 

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Lot 202, Sedwick Treasure Auction #20

On to bars! Above is a complete gold “strap” ingot for making oro corriente pieces, marked five times with circular tax stamp of Charles V, Holy Roman Emperor (Charles I of Spain) from an unidentified early 1500s wreck in the Caribbean. As Dan states, “its near-uniform flatness and its markings all indicate that this piece is the first example ever recorded of a complete ‘strap’ (in Spanish: riel) for cutting into the known (but very rare) money pieces (small) known as ‘oro corriente,’ which were used in place of actual gold coins (which were in short supply) in the colonies and thus represent the ‘first fish out of the lake’ from the colonies in terms of local gold coinage.” It dates to the 1520s and hence is “unique in importance, especially as the earliest form of Spanish colonial gold treasure we have ever offered.”

 

 

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Lot 203, Sedwick Treasure Auction #20

Another important bar, the above gold “finger” bar is encrusted with coral as from the “Golden Fleece wreck” and was made “in a period when gold coins were not yet made in the New World and ‘oro corriente’ was being phased out” says Dan. Shipwreck bars are always in demand in our auctions.

 

 

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Lot 210, Sedwick Treasure Auction #20

A very unusual silver “tumbaga” bar (#M-61) whose “most intriguing aspect is a large area of exposed pure copper, revealing how most ‘tumbaga’ silver was created by hammering silver and copper together and therefore showing the true nature of ‘metal of Michoacan’,” according to Dan. You should read The Tumbaga Saga by Agustin Garcia Barneche to learn more about these important and fascinating early silver bars.

 

 

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Lot 211, Sedwick Treasure Auction #20

What’s an auction without a large silver Atocha bar (#451)? As Dan notes of special importance, accompanying this bar is a “complete manifest report, which was an optional (and mostly declined) item when the bars were first distributed.” Rarity and provenance!

That’s all for now, and we hope this note will whet your appetite for our auction.

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