Tag Archives: cob

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

 

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The Office Travels to the U.S. Mexican Numismatic Association Fourth Annual Convention in Scottsdale, Arizona

19 Oct
US Mexican Association image

U.S. Mexican Numismatic Association

 

 

Last week Dan, Augi and I traveled to Phoenix for the U.S. Mexican Numismatic Association Fourth Annual Convention in Scottsdale from Thursday, October 15 to Saturday, October 17. While the show is small, some of the most influential dealers and auctioneers in the business attend. The convention is open to members of the U.S. Mexican Numismatic Association who were treated to both great “coin watching” and a good selection of outstanding seminars hosted by experts in the field, including Dan. Dan spoke about counterfeit coins to a packed house, so obviously there’s lots of interest in the subject. One gentleman who stopped by our table afterward mentioned that he had inadvertently bought a fake coin many years ago, but between buying The Practical Book of Cobs and listening to the lecture, he had a much better idea of what to look for when buying a coin. We also stressed to him the importance of buying and selling coins through bona fide dealers, i.e. dealers who display knowledge and answer your questions intelligently.

We had a table at the convention where we were busy showing auction lots for our upcomingDan with Customer at US Mex Show 2015 Treasure, World & U.S. Coin  Auction 18 to be held in Orlando, Florida on October 29, 2015.  The hearts and royals were a big hit, as they created an impressive display. We may never see so many of both in the same auction again! 

Another treat was when I got to meet the Executive Director of the American Numismatic Society, Ute Wartenberg Kagan, who was assisted at her table by Matt Wittmann, Assistant Curator of American Coins and Currency. It is vital that organizations like the U.S. Mexican Numismatic Association and the American Numismatic Society thrive because they are repositories of knowledge and numismatic material that the average collector might never be able to access otherwise. Collecting is about learning as much as it is about owning.

Ute, Matt and Cori at US Mex Show

While it was a long way to go for a show, I’m glad we were once again able to go. Every show is an opportunity to buy, sell, meet people, show auction lots, and learn!

FUN for All: Report from the summer FUN show in Orlando

16 Jul
Our July FUN Show Table

Our July FUN Show Table

Last week Augi and I manned a table at the summer FUN (for Florida United Numismatists) show at the Orlando Convention Center. It was an unexpectedly busy show, especially considering that our sweltering summers generally have locals running to cooler climates like rats deserting a sinking ship. I guess good inventory trumps hot, humid weather. Check out our online store for our current inventory and great deals and visit our eBay store for more great stuff. If you’re buying, we’re selling!

Mora manning our table

Mora manning our table

While coin collecting is mostly an adult addiction, it’s nice to see that the FUN show offers treats for the youngsters. The youngest member of our team and Augi’s daughter, Mora, not only spent time scrutinizing our coins, but she also panned for gold just like in the Wild West and learned to carve the die of a hobo nickel. I wonder what she’ll know how to do by the time she graduates from elementary school.

Panning for gold

Panning for gold

Mora carving a hobo nickel

Mora and Josie Beach carving a hobo nickel

So, if you want to visit a coin show with your children, know that many have fun programs that can entertain and educate. Who knows, maybe that will be the spark to create a collector out of him or her.

So You Think You Can Dance (or Produce an Auction Catalog)

25 Mar

We’re in the home stretch with our Sedwick Treasure and World Coin Lot cards for TA #17Auction #17 catalog! Let me tell you why it’s a Herculean effort by a few people…and a job best left to the pros.

Auction and catalog production begins many months prior to the auction date as we reach out to consignors to send or bring their consignments to us for evaluation and approval. This is the really fun part of the auction process because we never know what’s going to come through the door, and picking up packages at the post office seems a bit like Christmas. While most consignments consist of coins, there are also great consignments of artifacts and good old-fashioned pirate stuff:  swords, cannons, cannonballs, blunderbusses. Each coin and artifact is weighed and measured.Dan working on TA #17 (2)

Once we’ve decided that enough is enough and the deadline for consignments has drawn to an end, the real work begins. The order of lots is established (see the table of contents of any one of our catalogs for how we concatenate), and lot cards are designed and printed. Now we can shuffle lots from their temporary order to the lot-card order, and Dan can begin to study each auction lot to write up a description for the catalog. At the same time, Augi fires up his photography studio to begin the time-consuming process of photographing each lot. He will finish the process on the computer to arrive at the beautiful images you see in our catalogs.

In between we must find time to go to shows to promote auction items and give buyers a chance to see coins first hand. This is the best opportunity for anyone who has an interest to really be sure that a coin is what we say it is, so if you want to view auction lots for our upcoming auction on April 29-30, 2015, come see us at either the Whitman Baltimore Spring Expo on March 26-29, 2015, at the Baltimore Convention Center or at Chicago International Coin Fair on April 9-12, 2015, at the Crown Plaza Chicago O’Hare.

After our auction catalog is professionally printed, we quickly send catalogs out to many, many potential bidders. Are you one of them? The link to the auction will be available soon on our website, so stay tuned!Last lot TA #17

Chop Chop: Quick Guide to Chopmarks, Countermarks and Counterstamps

2 Mar

Last week, a reader asked about chopmarks on cobs and how they impact their value. That’s a field unto itself, isn’t it? But I thought it would provide a good platform to discuss the types of markings you might see on cobs and coins, namely counterstamps and countermarks (as well as chopmarks).

What’s a chopmark?

Chopmark coin, Lot 1040, TA 9

Chopmark coin, Lot 1040, Auction #9

This is a small mark or marks, sometimes recognizable as a Chinese character, that can appear on either or both sides of a coin. Typically these were made by Chinese bankers when Spanish-American coins circulated in the Orient to ensure that the composition of the coin was genuine. The coin may even have passed from one banker to another who verified its authenticity with a different mark and hence some coins bear several unrelated markings. And, chopmarks may have been added in other areas of southeast Asia such as Vietnam, so while we might say that a coin bears a Chinese chopmark, that chopmark might not necessarily have been put on the coin in China. As you might expect, there are collector groups (the Chopmark Collectors Club, for example) and books (Chopmarked Coins, A History, by Colin Gullberg) that are devoted to the topic. While chopmarks are interesting, they generally do not add value to the coin.

What’s a countermark?

Puerto Rico countermark

Puero Rico countermark, Lot 1459 Treasure Auction #15

Unlike chopmarks which were added to coins by a banker or merchant verifying the genuineness of a coin, countermarks were put on coins by a government or by official permission to a merchant to allow a coin to be circulated in the country where the mark originated. It was a way to use another country’s currency. Sometimes countermarks are more valuable than the host coin: for example, the Puerto Rican fleur-de-lis mark on a coin increases its value because there are very few Puerto Rican coins for collectors to collect. The countermark is the next best thing! Also, with countermarks, you’re adding another layer to the value of the coin since without the mark, you have one country’s coin to examine and with the countermark you have another country or merchant to add to the mix. Hence, countermarks can add numismatic value. If you want to learn something about merchant countermarks, Merchant Countermarks on World Coins by Gregory G. Brunk is a good place to start.

What’s a counterstamp?

Counterstamp coin, Lot 842, Treasure Auction #16

Counterstamp coin, Lot 842, Treasure Auction #16

These odd creatures are double-sided countermarks, sort of like using an incomplete hole puncher to punch both sides of a coin. Like countermarks, a counterstamp can add numismatic value since there are now two countries or an important merchant that are represented on one coin. Unlike countermarks, the stamp on each side of the coin is different.

We will feature a few coins from each category (chopmarked, countermarked, counterstamped) in our upcoming auction, Sedwick Treasure Auction #17, in April.

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