Red Kettle-donated gold shipwreck coin to be auctioned

13 Apr

A 300-year-old Spanish colonial gold coin recovered from a 1715 Plate Fleet shipwreck and donated during the Salvation Army’s 2016 Holiday Red Kettle campaign will be auctioned on May 3, 2017.

46

The Bogota cob 1 escudo recovered from the 1715 Fleet and donated to the Salvation Army in December of 2016.

The coin will appear as lot 46 in Daniel Frank Sedwick, LLC’s Treasure, World, U.S. Coin and Paper Money Auction #21, held May 3-4 online at auction.sedwickcoins.com. The lot is estimated at $2,000 to $3,000. The Salvation Army will receive the full final hammer price from the sale.

Also included with the coin is a letter on its provenance from Lt. Jonathan Needham, corps officer of the Salvation Army of Vero Beach, as well as the case the coin was donated in.

The gold escudo was anonymously handed to volunteer bell ringer Jim Bessey on Dec. 23, 2016 outside of a Sebastian, Fla. Walmart store. The donation made national news as one of the more interesting pieces given to the Salvation Army during the holiday season.

The donated coin was minted at the Spanish colonial mint in Bogota, Colombia sometime between 1700 and 1715 as a posthumous issue of King Charles II (1661-1700).

In 1715, the escudo, along with many others, was shipped aboard the 1715 Plate Fleet, one of the largest treasure fleets of its time. Several ships from the fleet sank during a storm off the east coast of Florida. Much of the treasure remained on the ocean floor until modern day salvage operations recovered many coins and artifacts, which are in demand on the collectibles market.

Bidders can register for the auction at auction.sedwickcoins.com. The auction catalog is available for ordering at www.sedwickcoins.com. For more details, please contact Daniel Frank Sedwick, LLC at office@sedwickcoins.com.

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