Tag Archives: numismatic

Shipping News

11 Feb

Around this time of year, auction consignments arrive daily at our local post office. I know a lot of people complain about the United States Postal Service, but we have had very few problems over the many years that we have received and sent auction material. In fact, one of the major boo-boos we ever had came care of Fedex, when they somehow managed to misplace an 80-pound Atocha bar (the wrapping material which included the address had become divorced from the bar)! Thanks to Augi’s persistence, the bar was recovered and received by the addressee without further incidence. Speaking of packaging material, we have a new winner for most interesting box ever received (see photo below). This was underneath the address label which I  removed to save the box for future use.Interesting shipping label

You may be interested to know how we recommend you send your precious coins and artifacts to us. If your material is worth more than $200, we ask that you use USPS registered mail and disclose full value (up to $25,000). It takes a bit longer to mail this way (up to 2 weeks domestically), but it’s very secure and reliable. The post office is picky about how a registered package is wrapped, too. You’ll need to use paper tape–which is not always easy to find–instead of the usual cellophane tape, and seal all edges. As always, if you have any questions about how to send things to us, just ask.paper tape

Talking about shipping made me think about all the coins, gold and silver bars, and gold chains that were shipped on Spanish galleons from the New World to Spain. Did you know that usually half of what was in the ship’s hold was contraband, or unregistered cargo? And on some ships, like the Capitana which was recovered in its time, there was MORE unregistered cargo than registered aboard!

Long Beach Show January 2015

5 Feb

Dan and Augi recently returned from a successful show in Long Beach, California, the Long Beach Expo, brimming with consignments for Treasure Auction #17. While the show was mostly wholesale with sparse attendance by the general public, it didn’t hamper them from transacting business to ensure a successful upcoming auction. Was the low attendance due to the massive winter snowstorm on the east coast that hindered dealers from flying to the west coast? Maybe, maybe not. Still, you see the ripple effects of bad weather everywhere you look.

Long Beach, CA Coin Show

Long Beach, CA Coin Show

Dan at the table at the Long Beach show

Dan at the table at the Long Beach show

Thinking of bad weather, how many shipwrecks would never have happened had those ships sailed at a different time and not Augibecome ensnared in a hurricane? If hurricanes weren’t a part of life in the Caribbean, would we ever know as much as we know about coins and artifacts from colonial Spanish America? Something to think about.

Back to Long Beach: despite a lower public turnout, Dan and Augi made good use of their time there by sampling the great variety and quality of restaurants! Since Augi is Argentinian, he especially enjoyed a place called the Gaucho Grill (what a clever name!) at 200 North Pine Avenue in Long Beach. [Gaucho Grill is the most traditional Argentine restaurant in Long Beach. They serve the best Argentinian favorites in generous dishes balanced with the best Californian cuisine.]

Dan and Augi with some dealer friends at Gaucho Grill

Dan and Augi (taking pic) with Mexican Coin Company Staff (Max, Cory and Eric), at Gaucho Grill

Their fav foods were Lomo Argentino (filet mignon), Asado de Costillas (ribeye), and Bife de Chorizo (NY steak). And who knew that in California you can bring your own wine to dinner with you? What meal isn’t complete without Fernet, a digestif? Google it. Wikipedia says that people describe it as a “black licorice-flavored Listerine.” That’s about right.

And finally, even if you have a bad show, you can go back to your hotel and relax at the end of the day. Sometimes, you even have a world-class view. Sometimes you don’t!

Long Beach Table January 2015

Long Beach “Hotel View” January 2015

Knowledge is Power: Online Numismatic Archive Resources

27 Jan

the-vaultIt’s an old adage that seems somewhat quaint, but the notion of equating power with knowledge is an enduring theme and a lesson that many people fail to learn. In the Internet age, there’s no reason for people not to have power through knowledge and thus make sound business decisions. This holds true for building your hobby as well. Why collect something you don’t know much about? When you learn more about it, your future purchases will be smarter. If you can’t get answers from the person from whom you’re thinking of buying something, where can you turn to increase your knowledge? As it turns out, lots of places!

Search engines for all types of coins are freely available on the Internet. One of my favorites is Coin Archives although we use the “pro” version in our office, and it’s not free. Still, the free version is quite powerful. This site tracks coins sold at many auction houses, including ours. As you enter the site, you can choose between looking up ancients or world coins. From there, you can type in some basic information, cob royal for example, or click on “see search tips” to help you narrow your search better. You can also click on “list of auctions available” and “contributing firms” so you know what the parameters of your results will be. Coin Archives will give you a list of 100 results (from most recent backward), but you can expand this number if you find a coin similar to one you’re interested in buying by clicking on “show lots similar to this one.”

The information you’ll glean can be invaluable. You’ll see a description of the coin, the auction date and estimate, the price realized, and a description of the coin including its pedigree and scholarly references if known (this is especially helpful with ancients). So, if you are interested in buying a coin similar to the one you’ve found here, you’ll now be able to make a more informed decision.

Another powerful search engine is acsearch. Many of the same auction houses that post their sales on Coin Archives also post them here and it’s completely free. There is a short, helpful tutorial on the front page which will guide you through the process of searching for coins, but it’s basically very similar to Coin Archives. Your search will be divided between ancient and modern coins. While you will need to create an account in order to see estimates and prices realized, it’s worth doing. You may find some information here that you don’t find elsewhere.

If you are interested in ancient coins, you need to check out Wildwinds which is a free reference website for ancient Greek and Roman coins as well as other ancient types. Once on the homepage, there is a drop-down menu allowing you to search via Sear numbers (a iconic reference for ancients) or by other means such as by city or ruler. When your search has returned results, be sure to click on the “browse with thumbnail images” before moving on. The amount of information here is staggering and the website creators should be lauded for their efforts. If you like ancient coins, you’ll love this website!
bookofcobsThe bastion of knowledge, your local library, can provide you with many of the expensive reference works that a dealer has spent a lifetime accumulating. First, go to WorldCat, a world card catalog of library books, and type in the name of the reference book you’d like to borrow. When I typed in “Practical Book of Cobs,” I was pleased to see that all the library systems within 100 miles of us have our book on their shelves. This is the first step of the process. From here, you will need to visit the reference librarian at your local library and fill out a form to have the book sent to your library, after which, you’ll have one to two weeks to pick up the book, take it home and use it, and then return it to your library. This process may seem a little cumbersome; however, it’s free and more important, for some reference books (particularly references for ancients), it may be the only place you’ll be able to find the book.

Don’t forget the Sedwick auction archive as a resource as well! Here you can browse through all of our catalogs and view prices realized for coins and artifacts. If you receive our catalogs, you know what a great resource they are. And speaking of catalogs, they are a good way to help you start your reference library. Even though you can research coins online all day long, you will still want a library which will contain books you can’t find online or in your library.

One caveat about auctions: you don’t always know why a coin sold for the price it did, especially if it’s so far out of line with an auction estimate. Sometimes it’s simply a matter of two people needing (or wanting) the same coin for their collection.

You can’t have power without some luck too, so that’s why we always have our lucky bamboo plant in the office!Lucky Bamboo

Assayer P Coins minted under Charles and Joanna from the Mexico City Mint

21 Jan

Did you know that the Banco de Mexico has photos of almost all of their Charles and Joanna coin holdings online? A friend pointed me to the site last year, and I have been slowly incorporating these coins into my census database of both early and late series Charles and Joanna coins of all denominations. I’ll share more surprises from the Banco de Mexico’s large and beautiful trove of coins in later blogs, but for now I want to tell you something about Assayer P coins.

It finally dawned on me that there is a distinction between earlier and later coins minted under Assayer P, and you can tell this in several ways, but the most distinguishing characteristic can be found in the pillars-side legend. If you have any of these coins, take a look. Does the legend begin with HISPANIE or HISPANIARVM? If it’s HISPANIE, then you have a coin of the earlier variety.

To confuse matters more, there are a couple of varieties of HISPANIE.

Lot 251, Sedwick Treasure Auction #15, May 2014

Lot 251, Sedwick Treasure Auction #15, May 2014

I’m not sure which coins were made before the others, but one variety (pictured above) is KIS : PANIE (note the K instead of H) and the other is simply HISPANIE. You can even see that the KIS : PANIE variety is followed by INDIAR : AM instead of INDIARVM! Below is an example of HISPANIE with no funny letters.

Lot 252, Sedwick Treasure Auction #15, May 2014

Lot 252, Sedwick Treasure Auction #15, May 2014

The later varieties (see below) all use HISPANIARVM ET INDIARVM. It doesn’t matter which way the rhomboid panel points–left or right–or what sort of ornaments were used as stops between words.

Lot 253, Sedwick Treasure Auction #15, May 2014

Lot 253, Sedwick Treasure Auction #15, May 2014

Why were coins with HISPANIE minted before coins with HISPANIARVM? You have to go back to Assayer R, the predecessor to Assayer P and look at his coins. He used HISPANIE (with often a retrograde N), and it stands to reason that when Assayer P took over at the mint, he started with HISPANIE before settling on the more common HISPANIARVM.

You can also see the HISPANIE vs. HISPANIARVM varieties on 1 and 2 reales denominations.