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Sedwick Treasure Auction Wrap-Up, Tips for Buying Cobs, and Where to Find Us

8 Dec

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I’m finally able to take a breather from post-auction duties of packing and shipping to share some thoughts with you. First, all of us at Daniel Frank Sedwick, LLC want to thank our bidders, consignors, auction speakers, and auction attendees for helping make Treasure Auction #20 one of our best auctions to date. Without YOU, auctions don’t happen. We are grateful for the personal and professional relationships we have nurtured over the years and look forward to many more.

As the Christmas buying season kicks into high gear, there are a few reminders to help you get the most for your money, at least when it comes to buying coins. When you buy a widget, you go to a store that you know sells them. For example, I buy electronics at a place like Best Buy. When you buy a coin, particularly a niche coin like a cob, you need to find a specialty seller, someone who knows what he’s doing.

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Can You Tell This is a Counterfeit?

If you don’t, you may buy a fake instead of the real thing. Or, you may buy something less than what it should be for the price because the seller doesn’t really know his product. Either way, you won’t be satisfied with your purchase. Again, always buy from reputable dealers whether you’re buying a shipwreck coin or a dryer.

Next, whether it’s a cob or a car, buy what you like. This is especially true for any commodity that you might consider an “investment” because most things appreciate only after you’ve held onto them for a good period of time. Quick profits don’t happen very often, so plan to enjoy your purchase for years. When you do sell, you’ll be well rewarded.

Finally, buy the best you can afford if you really want to be happy with your purchase. Buyer’s remorse from letting the coin you really wanted get away from you stays with you for a long time. If you’re building a collection, it’s much easier to buy great quality at the beginning than spend time and effort to upgrade later. That said, if what you can afford isn’t the best quality, don’t worry. You’ll be happy to simply own the piece in the first place.

We can help you build the collection of your dreams. Just ask us! And, you can visit us in person at the following 2017 shows where we will have a table:

schelude2017show2Happy Holidays to all and we look forward to seeing you in the New Year.

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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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Notes from the 2016 U.S. Mexican Numismatic Association Convention in Scottsdale, Arizona

12 Oct

hurricane-imageLast week Dan, Connor Falk (our new employee) and I traveled to Arizona ahead of Hurricane Matthew to show auction lots for our upcoming Auction #20 (more to follow on that tomorrow!) and give some presentations. We were a little unsure about leaving with a potentially dangerous storm bearing down on us, but when the going gets tough, the tough leave town. As it turned out, Matthew took an eastward jog and spared most of the central Florida area.

The U.S. Mexican Numismatic Association convention in Scottsdale is always a great time to reconnect with friends and colleagues. Connor and I got to meet Don and Lois Bailey, Mexican numismatic legends. All three of us enjoyed spending time with Ute Wartenberg Kagan, the longtime executive director of the American Numismatic Society who brought

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Connor Falk with Don Bailey

important Mexican coins from the vast collection at the Society. She will also attend our Auction #20, so if you’re attending it as well, you’ll want to meet and talk with her.

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Ute Wartenberg Kagan and Cori Downing

Augi, who stayed in Florida to make sure the hurricane didn’t blow away our office, won an award at the convention for his well-received book, The “Tumbaga” Saga, Treasure of the ConquistadorsWe’re fortunate to have a very cool “Tumbaga” bar (Lot 210) in the Auction. Dan took an award for his participation in the Counterfeit Forum last year and did so again this year. The presentation was extremely well received. I spoke on the Charles and Joanna coinage from the Mexico City mint, sharing some new research I’ve undertaken.

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All in all, it was a quick respite from the desk and chair. If you’re a collector of Mexican coins, you should become a member of the U.S. Mexican Numismatic Association and attend next year’s convention.

dan-sedwick-connor-falk-and-cori-downing-at-us-mex-2016

 

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Sedwick Treasure, World and US Coin Auction #20 Preview

7 Sep

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While all of us at Daniel Frank Sedwick, LLC, are diligently working on making our November Treasure World & US Coin Auction #20 the BEST ever, I thought I would pause to tell you about some of the cool stuff we will have for you to bid on and *hopefully* buy. First off, make sure your Christmas wish list is empty because there are lots and lots of goodies you’ll want! I’m already making my list.

In the upcoming auction, we have a Maravillas Research Collection of countermarked Potosi cobs. Here’s a refresher about the Maravillas from our website (abridged):

Maravillas, sunk in 1656 off Grand Bahama Island

shipwreck

As the almiranta (“admiral’s ship,” or rear guard) of the homebound Spanish fleet in January of 1656, the Nuestra Señora de las Maravillas was officially filled with over five million pesos of treasure (and probably much more in contraband, as was usually the case). That treasure included much of the silver salvaged from the South Seas Fleet’s Capitana of 1654 that wrecked on Chanduy Reef off Ecuador. The ill-fated treasure sank once again when the Maravillas unexpectedly ran into shallow water and was subsequently rammed by one of the other ships of its fleet, forcing the captain to try to ground the Maravillas on a nearby reef on Little Bahama Bank off Grand Bahama Island. In the ensuing chaos, exacerbated by strong winds, most of the 650 people on board the ship died in the night, and the wreckage scattered. Spanish salvagers soon recovered almost half a million pesos of treasure quickly, followed by more recoveries over the next several decades, yet with over half of the official cargo still unfound. The first re-discovery of the Maravillas in the 20th century was by Robert Marx and his company Seafinders in 1972. The second big salvage effort on the Maravillas was by Herbert Humphreys and his company Marex in the late 1980s and early 1990s. The wreck area is still being searched today, but officially the Bahamian government has not granted any leases on the site since the early 1990s.

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Roberto Mastalir Divisek

 

In addition to the above Potosi shipwreck cobs, we are honored to present a collection of “Transitional” 1652 Potosi 8 reales cobs put together and written about extensively by Robert Mastalir. All of his coins in the upcoming auction are featured (photographed) in his book The Great Transition at the Potosi Mint, 1649-1653, the 1652 Transitional 8 Reales, which is out of print already, but we plan to re-print it for the auction soon.

 

 

Unfortunately, sometimes collections come to us after the death of the collector, and that’s the case for the Charles Eidel collection of shipwreck coins and ancient Greek and Roman coins. Charlie was a genial retired NYC policeman whose appetite for coins was wide ranging. His meticulous record keeping and coin descriptions reflect his love for the hobby. It’s now time for him to posthumously pass along his gems for the next generation of collectors.

Near and dear to my heart is our major offering of Charles and Joanna coinage (both Early and Late Series) in this auction. We have a smattering of coins from several different sources which complement each other very well and will give you a lot of opportunities to enrich your collection…or start one! While we generally feature 4 reales from shipwrecks, this time we will have a large selection of the very hard-to-find smaller denominations. We will even have an early series Assayer R 1 real. And when’s the last time you saw Assayer S in any denomination? We’ve got a 2 reales for sale!

That’s it for now, but it should help you decide on what you’d like to see under the Christmas tree this year (or before)! Happy bidding.

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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.

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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.

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

19 Oct
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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.

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