Tag Archives: numismatics

Time to Sell in Sedwick’s next Treasure, World, U.S. Coin & Paper Money Auction

29 Jul

banner_online_whydah

Looking to consign? Contact us today! Email us at office@sedwickcoins.com or call our office at 407.975.3325 (Consignment deadline August 20, 2018)

Our sixth live floor auction (Treasure, World, U.S. Coins & Paper Money Auction #24) will take place on November 2-3, 2018 at the DoubleTree Suites Hotel at Disney Springs, just minutes from Walt Disney World. We invite you to attend and take part in the outstanding opportunities this event offers, whether as a consignor or a bidder:

  • Educational presentations the day before the auction (November 1) by numismatic and shipwreck experts from around the world, including: Barry Clifford, underwater explorer and discoverer of the pirate treasure ship Whydah (1717); Dr. Kris E. Lane, Tulane University professor of colonial Latin American history and researcher on the colonial history of the Andes, mining, piracy, and global trade; and Emilio M. Ortiz, professional numismatist, researcher and author.
  • Networking with other collectors and dealers at our pre-auction dinner (November 1)
  • Lot viewing for all lots the day before and during the live auction right next to the auction room in the hotel
  • Live bidding in our state-of-the-art auction room

The special room rate will be available until October 9th or until the group block is sold out, whichever comes first. Booking a reservation is simple: Just click here to receive our preferred group rate: “Book a Room

If you prefer to make your reservation by phone, please call 1-800-222-TREE(8733) and specify group code “SED”. Hotel address and details as follows: DoubleTree Suites by Hilton Orlando – Disney Spring Area | 2305 Hotel Plaza | Lake Buena Vista, Orlando, Florida – USA 32830 – Tel: +1-407.934.1000 | Fax: +1-407.934.1015

Interested in selling your collection or individual pieces? Take advantage of this unique opportunity to consign to our Fall Floor Auction. Now is a great time to buy or sell thanks to a robust market, our expertise and integrity in Spanish colonial and shipwreck coinage, and our exhaustive marketing efforts. Every item in our auctions is well researched, cataloged and photographed, and presented in professionally printed catalogs that become important references. We take auction lots to coin shows around the country for viewing, send out promotional literature, and personally get in touch with important collectors around the world.

¡Hablamos su idioma! Our multilingual staff deals with the most important Latin American bidders and buyers on the market. We are able to travel and talk to all our Hispanic bidders and consignors, which creates a level of comfort that draws even the most private participants to our venue.

  Contact us now to place your items in our upcoming sale! Here is what we are seeking:

•  Choice and important Spanish colonial cobs from Mexico, Lima and Potosí
•  Collections of Latin American coins, particularly Costa Rica, Cuba, Mexico, and Peru
•  Gold bars and artifacts from the Spanish Fleets of 1622 (Atocha and Santa Margarita)
•  US coins and world paper money

Please come see us at the following show to consign to our auction:
• August 14-18, 2018: ANA World’s Fair of Money (booth #1333), Philadelphia, PA

And at the following shows to view the auction lots:
•  October 11-13, 2018: U.S. Mexican Numismatic Association Convention, Scottsdale, AZ

•  October 25-27, 2018: Whitman Baltimore Winter Expo, Baltimore, MD

Our auctions are known worldwide as the best place to buy and sell the kinds of coins and artifacts you love to collect or sell! We look forward to hearing from you soon to help you with your collecting or selling needs, and we hope to see you at one of our upcoming shows AND in Orlando in November for our live floor auction.

Historical regulated $15 gold coin to appear in Sedwick auction

13 Mar

In the early years of the United States of America, a lack of gold coinage forced citizens to utilize an unusual but practical source. Known as regulated gold, these were foreign gold coins adjusted by respected goldsmiths to weights compatible with US dollars. One such piece, an NGC-graded XF 40 Lima, Peru, cob 8 escudos dated 1741 struck during the reign of Philip V of Spain and regulated by Boston goldsmith Joseph Edwards, Jr. (1737-1783) to $15 in circulating value, will cross the auction block in Daniel Frank Sedwick’s Treasure Auction 23. The sale will be held online at auction.sedwickcoins.com on May 15-16, 2018. The auction firm’s estimate for this coin is $100,000 and up.

regulated

An NGC-graded XF 40 $15 regulated gold piece made from a Lima, Peru, cob 8 escudos dated 1741 by Boston goldsmith Joseph Edwards, Jr., ca. late 1700s.

“This is a very important piece for both the Spanish colonial coin collector as well as the US collector,” said company president Daniel Sedwick. “Never before have we offered such a significant gold coin; the dual-nation history it represents goes far beyond a simple countermark.”

The lot represents the only known gold piece regulated by Joseph Edwards, Jr. Edwards was a third-generation goldsmith from a prominent Boston family. He learned his craft from one of his uncles, Thomas or Samuel, and became a prosperous metalworker himself. The coin is also unique with a US dollar-denominated regulation on a Spanish colonial 8 escudos cob. Furthermore, it is pedigreed to the Julius L. Brown collection and was sold in the S.H. Chapman auction of 1911 as lot 343.

Also appearing in Sedwick’s auction is a group of ingots recovered from seven different shipwrecks. The top ingot lots are three large silver bars recovered from the Atocha, sunk in 1622 in the Gulf of Mexico. The finest one is a Class Factor 1.0-graded bar (the highest grade attainable for bars from the wreck) weighing in at 88 troy pounds, 3.84 troy ounces and dated 1621. It has an estimate of $30,000 and up. The other two large bars, with Class Factors 0.7 and 0.9, are estimated at $20,000 to $30,000 each. Another Atocha ingot of note in this auction is a rare cylindrical “piña” weighing 4,312 grams, estimated at $15,000 and up.

9879833_1

Tax stamps in the name of King Philip III of Spain and fineness markings can be seen on the top of this unique “piña” ingot from the Atocha (1622).

Other top lots include:

  • A Lima, Peru, gold cob 8 escudos dated 1712 recovered from the 1715 Fleet and graded by NGC as MS 62, estimated at $12,500.
  • Half of a gold “finger” bar weighing 439 grams recovered from the “Golden Fleece wreck,” sunk ca. 1550 in the northern Caribbean, estimated at $17,500 and up.
  • A Costa Rica 8 reales 1846JB counterstamp on a Guatemala cob 8 reales dated 1739, estimated at $7,000 to $10,000.
  • An 1856-S Coronet Head Liberty $20 graded by NGC as UNC Details / sea salvaged from the “Fort Capron treasure,” estimated at $3,000 to $4,500.
  • A Puerto Rico 20 pesos specimen bank note circa 1889 graded by PMG as Gem UNC 65 EPQ (the finest and only known example in the PMG census), estimated at $1,500 and up.
  • Selections from the Richard Stuart collection mainly focusing on Honduras and Nicaragua provisional issues.
  • The James Bevill collection of Mexican coins and paper money, including several plated in his Texas history book The Paper Republic.
  • The Ricardo Muñiz collection of Mexico City, Mexico, pillar 1 reales.

Bidders can register for the auction at www.auction.sedwickcoins.com. The auction catalog will be available mid-April at www.sedwickcoins.com. For more details, please contact Daniel Frank Sedwick, LLC at office@sedwickcoins.com.

FUN Wrap Up and Coins Weekly

9 Jan

While the weather gods weren’t smiling upon us benevolently with our famous Florida warm winter weather, the temperature was blistering inside the Florida United Numismatists (aka FUN) 2018 winter show in Tampa. We had brisk sales and collected consignments for our next Sedwick Treasure, World, U.S. Coin and Paper Money Auction #23 on May 15-16, 2018. It looks like buyers and collectors are optimistic. We are too!

2018 FUN Show

Daniel Frank Sedwick, LLC booth at the 2018 FUN show in Tampa 

At the show, I was fortunate enough to renew my acquaintance with Ursula Kampmann, founder of CoinsWeekly, a popular online newsletter for the trade. Aside from that newsletter, she is launching companion newsletter called AuctionsWeekly which will list every Friday ”all auctions that will take place during the following week as well as just published fixed price lists.” What a great way to keep up with all the auctions that take place around the world, especially during very busy auction times! You can subscribe here: https://www.coinsweekly.com/en/Subscribe-to-CoinsWeekly-Newsletter/37. You’ll see us listed as time gets closer to our next auction.

Cori and Uschi at January 2018 FUN Show

Cori Downing, left, with Ursula Kampmann, right

By the way, if you’re in the New York City area, find us at our table at the New York International Numismatic Convention (NYINC) January 11-14 now held in the Empire State Ballroom of the Grand Hyatt, located at 109 East 42nd Street, New York, NY 10022, between Park and Lexington Avenues. We hope to see you there!

nyinc-logo

Shipwreck silver ingots and gold coins highlight Sedwick’s Treasure Auction

15 Mar

A massive 83 troy-pound, 7.52 troy-ounce silver bar recovered from the shipwreck of the Atocha and estimated at $35,000-up is just one of many treasures to appear in Daniel Frank Sedwick, LLC’s Treasure, World, U.S. Coin and Paper Money Auction 21. The online live auction will be held May 3-4 at www.auction.sedwickcoins.com. Lots can be previewed on the site in the first week of April.

atocha bar

An 83 troy-pound, 7.52 troy-ounce silver bar from the Atocha

The large silver bar comes from one of the richest Spanish treasure galleons lost at sea, the Atocha, which sank in 1622 west of Key West, Florida. One month after sinking, a hurricane scattered the wreck, preventing the Spanish authorities from recovering its treasure. However, modern salvage operations conducted by Mel Fisher in the 1970s uncovered approximately 1,000 silver ingots and over 100,000 shield-type cobs. Coins from the Atocha will be offered in the Sedwick auction as well.

rosary

A gold and red-coral rosary recovered from the Atocha, photo credit to Carol Tedesco, Key West, FL

Another treasure find from the Atocha appearing in the auction is a gold and red-coral rosary. The rosary was featured in the June 1976 issue of National Geographic Magazine and is pedigreed to a 1988 Christie’s auction. The rosary is estimated at $25,000-up.

Other top lots include:

  • A 1713 Mexico gold 8 escudo from the 1715 Fleet, graded NGC MS 66, estimated at $15,000-up

    1713

    An MS 66 1713 Mexico gold 8 escudos from the 1715 Fleet

  • An NGC-graded denomination set of gold Lima escudos dated 1710 recovered from the 1715 Fleet, estimated at $30,000 to $50,000 total
  • A Bogota gold 1 escudo recovered from the 1715 Fleet and famously placed in a Salvation Army red kettle during the 2016 holiday season, estimated at $2,000 to $3,000
  • An 1837 Cuzco gold 8 escudos, graded NGC MS 64 and tied for finest known, estimated at $20,000 to $30,000

    203

    An MS 64 1837 Cuzco gold 8 escudos

  • A 35 troy-pound, 1.81 troy-ounce silver bar from the Maravillas shipwreck of 1656, estimated at $10,000 to $15,000
  • Four silver bars recovered from the “Tumbaga Wreck” (ca. 1528)
  • Over 200 Central American coins pedigreed to the Richard Stuart Collection
  • An 1882 $20 Gold Certificate, graded PCGS UNC 65 – Repaired Edge Tear, estimated $8,000 to $12,000

    img330

    A PCGS Gem New 65 Apparent – Repaired Edge Tear at Top Right 1882 $20 Gold Certificate

  • Around 200 lots of U.S. and world bank notes
  • More than 30 lots of natural gold nuggets

Bidders can register for the auction at www.auction.sedwickcoins.com in early April. The printed catalog will also be available early April at www.sedwickcoins.com. For more details, please contact Daniel Frank Sedwick, LLC at office@sedwickcoins.com.

wcn_ad_2017-feb_sedwick_fixed

Gallery

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

8 Dec

sedwickbar

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.

fake-mexican-cob
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.

Gallery

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!

lot-561-ta-20

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.

 

lot-664-ta-20

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.

lot-777-ta-20

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!

lot-857-ta-20

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.

lot-961-ta-20

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).

lot-967-ta-20

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).

lot-1027-ta-20

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.

lot-1079-ta-20

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.

lot-1086-ta-20

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.

lot-1338-ta-20

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.

Gallery

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.

 

 

lot-30-ta-20

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!

 

 

lot-35-ta-20

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!

 

 

lot-48-ta-20

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.”

 

lot-89-ta-20

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!

 

lot-161-ta-20

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!

 

 

lot-202-ta-20

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.”

 

 

lot-203-ta-20

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.

 

 

lot-210-ta-20

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.

 

 

lot-211-ta-20

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.

%d bloggers like this: