Tag Archives: sedwick

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.

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

Good sales, buyer buzz at FUN Show

10 Jan

There was a notable buzz at the recent Florida United Numismatists (FUN) coin show held Jan. 5-8 at the Broward County Convention Center in Fort Lauderdale, Fla.

img_7229

A young collector, Jacquelyn Proctor, reviews our selection of shipwreck coins.

The show was busy, especially on Thursday, where sales and purchases were made all the way up to closing time, said Daniel Sedwick.

“We experienced a large volume of sales despite the incident at the Fort Lauderdale Airport on Friday,” he said. “We bought and sold well across all world coin sectors and paper money.”

Other dealers commented on the increase in motivated buyers, saying collector confidence in the economy and the numismatics market was on the rise.

The show’s timing also mattered, said Augi Garcia.

“The fact that the New York International Numismatic Convention (NYINC) and the FUN show are not conflicting for the first time in several years gave a new air to the show,” he said. “Overseas dealers that only go to NYINC were at FUN this time and making purchases.”

Areas of particular collector interest include shipwreck coins. Coins recovered from the 1715 Plate Fleet did well due to the historical connection between Florida and the Fleet. Our friends with the 1715 Fleet Society were in attendance and hosted a group dinner which we attended on Thursday night.

Gold cobs were hot but new supplies from Europe allowed us to refill our inventory. Expect to see them on our online store soon.

A number of bank notes sold, and we purchased many more at the show. A number of Latin American reverse proofs from the American Bank Note Company are new additions to our inventory.

img_7227

Ben Costello, the 1715 Fleet Society director, spoke at the group’s dinner.

Many interesting consignments came in during the show for our Treasure, World, U.S. Coin and Paper Money Auction #21. We obtained many fascinating shipwreck coins and artifacts during the show, but can always use more. If you’d like to consign to the next auction, please email us at office@sedwickcoins.com or call us at 407-975-3325.

In a closing note, our thoughts go out to all those affected by the shooting incident at the Fort Lauderdale Airport. Special thanks to the Broward County Police and Sheriff’s Departments for providing security and presence in the area.

Our next trip will take us to the NYINC show on Jan. 12-15 in New York, followed by the Treasure Coast Coin Show on Jan. 14-15 in Vero Beach, Fla., and the Long Beach Expo on Feb. 16-18 in Long Beach, Calif. We hope to see you there!

Gallery

What You Can’t Live Without in Treasure Auction #20 (part four)

8 Nov

We’re into the home stretch with only 4 days to go until the auction! We hope you have been bidding and will join us for the live portion.

Below are some of the most important artifacts in the auction, and while most of these items will come up at the end of the auction, it’s definitely a case of “last but not least.” Coins–as well as all shipwreck treasure–are our business, and you can be confident that we know what we’re talking about in our descriptions.

lot-473-ta-20

Lot 473, Sedwick Treasure Auction #20

Why have one coin when you can have several? The above is a large clump of 20+ Mexican cob 8 reales, two in front dated 1714. It’s a very impressive display that stands up well, also a very rare item these days and was recovered from the Spanish 1715 Fleet off the east coast of Florida.

 

lot-1086-ta-20

Lot 1636, Sedwick Treasure Auction #20

You could eat off the above plate today because it’s in such good condition. It’s marked with a tax stamp and LDo.IVo. / RAMYREZ under rim. More important, the underside of the rim bears most of a castles-and-lions circular tax stamp and a stamping in tiny letters that exactly matches lots 41-43 of the Christie’s 1988 Atocha auction, in which that mark was described as an “owner’s stamp.” It is clearly part of a set with this bigger basin; those three lots were only 8-7/8″ in diameter and described as “dinner plates.” They fetched some of the highest prices realized among the silver plates in that sale, upwards of $6000 hammer, but not even close to the price realized for the only large basin (like what we are offering here but slightly bigger), lot 47, which hammered at $22,000!

 

lot-1646-ta-20

Lot 1642, Sedwick Treasure Auction #20

The above is a complete gold plain-loop chain, 34.55 grams, from the “Tricentennial Treasure” find of 2015. There are hundreds of tiny plain links in a tight chain (easily kinked) that is remarkable for being unbroken and complete, eminently wearable and attractive despite its simplicity, also one of the first artifacts from the famous “Tricentennial Treasure” to be offered for sale. From the 1715 Fleet (Douglass Beach site).

 

lot-1654-ta-20

Lot 1654, Sedwick Treasure Auction #20

What’s an auction with out a cannon? The above Danish naval “4-pounder” bronze howitzer from the late 1700s  is  believed to have been from military and naval stores captured by the British during the Battle of Copenhagen in 1807. Sent to England, these items were used by English forces during the Napoleonic Wars and in America and Canada during the War of 1812. Some ended up in American service due to capture or purchase. The bronze barrel has a chambered bore (which most howitzers have), a designated area for the powder charge, turned decorations and cast with bronze pointing tiller cascabel ending on a rounded ball end. This cannon was made for use as a swivel gun but is now mounted on a mahogany naval deck carriage (complete and serviceable with working elevation screw and wheels) with correct brass and iron mounts and four wheels from the early 19th century (possibly exact replacements made later). The barrel is in excellent condition with minor surface wear and excellent light-brown patina.

Once again, we hope you all your bids are winning bids!

%d bloggers like this: