First coin shows of 2015: FUN and NYINC

20 Jan

Cori Downing SedwickHello!  My name is Cori Sedwick Downing, and I’ve started this blog because I enjoy writing about Spanish colonial coins and shipwreck coins and artifacts. My specialty is researching so-called Charles and Joanna coins from the first mint in the New World at Mexico City from roughly 1536 to 1572, but my interests are wide ranging so I’ll cover much more than those coins. I have been working for my brother, Dan, at Daniel Frank Sedwick, LLC for about six years.  Before that, I have had as many lives as a cat (of which, by the way, I do have one).  I’ve been a high school teacher, a real estate agent, a photographer, and a travel agent. In my spare time I am obsessed with genealogy, DNA research and playing sports, mainly running and cycling. Now that I’m closer to 60 than 50, most people don’t know that I used to be a pretty good runner in my 20s. I took up cycling in my 40s due to an injury that sidelined me from running and once set the state time trial record in my age group at the Florida State Games (50-54 age group). I also won the duathlon national championship in my age group one year.

Enough about me! I’d love to hear from YOU. Is there anything you’d like me to cover or do you have anything to contribute? Please feel free to subscribe.

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As for the first coin shows of 2015, if overflowing parking lots and garages at the Orange County (Florida) Convention Center for the FUN (Florida United Numismatists) show in January 8-11, 2015 are any indication of a healthy economy, we’re in for a banner year.  Although the concurrent Surf Expo was the source of much of the parking snafu, there was still a steady stream of visitors to our table by old friends and new acquaintances who bought, sold or consigned coins and artifacts. As a result we already have some interesting auction items lined up and I’ll tell you about some of them in future posts.

Augi Garcia Barneche helping a customer at FUN 2015

Augi Garcia-Barneche at FUN 2015

The FUN show is one of the largest coin shows in the US for good reason: there’s something for everyone. Your children can pan for gold in a working sluice box, the treasurer of the United States is on hand to sign bills purchased from the BEP (Bureau of Engraving and Printing) booth, and this year the State of Florida presented an interesting display of coins and artifacts from their holdings specifically related to the 1715 Fleet discoveries off the coast of Florida. Don’t forget that this year is the 300th anniversary of that Fleet and we will feature coins and artifacts from the wreck in our Treasure Auction #17 in April 2015. There’s even a 1715 Fleet Society to help raise awareness of and promote ongoing research about the Fleet.

The NYINC (New York International Numismatic Convention) is the largest US coin show featuring ancient and world coins exclusively, and we always have a table there. Unfortunately it is also concurrent with the FUN show. While it is a much more subdued atmosphere, it’s a good place for our northern clientele to visit us. The temperature differential this year between NY and FL was about 80 degrees.

Stardust Room at the Waldorf Astoria in NYC

Stardust Room at the Waldorf Astoria in NYC

The show is always held in the Waldorf Astoria Hotel, a grand old lady who makes you want to stand up a little straighter and put on your best manners when you walk in the door. Where else can you spend a night in the Marilyn Monroe suite? While we’re crammed in like sardines in a tin, we love the atmosphere and excitement of New York!

Back in Florida now, we’re looking forward to a few more shows before January ends. You can find us at the Vero Beach, Florida Treasure Coast Coin and Currency Show on January 24-25 and at the Long Beach (California) Expo on January 29-31. We hope to see you at one of these shows!

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.