Shipwreck artifacts and coins top Sedwick auction

12 May

Strong collector demand provoked intense bidding and high prices for both shipwreck and non-shipwreck items in Daniel Frank Sedwick, LLC’s May 3-4 auction. The 2,086 lot auction realized $1.725 million in winning bids. All prices listed include a 17.5 percent buyer’s premium.

Rosary (2)

A gold and red-coral rosary recovered from the Atocha that sold for $85,187.

A gold and red-coral rosary recovered from the shipwreck of the Atocha, which sank in 1622 west of Key West, Florida, greatly surpassed its $25,000-up estimate to sell for $85,187. The rosary, in the sale as lot 2020, has been well publicized since its discovery in 1973, having appeared in the June 1976 issue of National Geographic and offered in a 1988 Christie’s auction.

Atocha bar

A 83 troy pound, 7.52 troy ounce silver bar from the Atocha was purchased for $64,883.

Another Atocha relic in the sale was lot 319, an 83 troy pound, 7.52 troy ounce silver bar that went for $64,883 on a $35,000-up estimate.

Salvation coin

A Bogota gold escudo from the 1715 Fleet and donated to the Salvation Army sold for $3,819.

Hundreds of shipwreck coins appeared in the sale as well. One of the most viewed items in the sale was lot 46, a Bogota gold escudo recovered from the shipwrecked 1715 Fleet and famously donated to the Salvation Army red kettle campaign during the 2016 holiday season. It flew by its $2,000-$3,000 estimate and sold for $3,819.

Cuzco

A MS-64 1837 Cuzco, Peru, gold 8 escudos hammered at $38,775.

Many non-shipwreck pieces saw high prices and, in some instances, record breaking prices. Lot 203, a Cuzco, Peru, 1837 gold 8 escudos graded NGC MS 64 went for $38,775. It was estimated at $20,000-$30,000.

Panama coins and paper money saw spirited bidding in the auction. A rare Panama 1930 matte proof set consisting of the half-, quarter- and tenth-balboas pedigreed to the Richard Stuart collection was offered as lot 1648. The set sold for $18,800, well past its $2,000-$3,000 estimate. Likewise, a Panama (then a state in Colombia) 1869 3 pesos banknote graded PMG VF 25 realized $3,055 on a $1,500-$2,250 estimate.

1864

This Sovereign State of Panama 3 pesos note from 1869 graded PMG VF 35 realized $3,055.

Other top lots include:

  • Lot 24, a Lima 1697/66H cob 4 escudos from the 1715 Fleet graded NGC MS 63 sold for $31,725.
  • Lot 3, a 1713 Mexico gold 8 escudos from the 1715 Fleet graded NGC MS 66 sold for $28,200.
  • Lot 556, a Mexico cob 4 reales from the pirate ship Whydah sold for $16,450.
  • Lot 320, a 35 troy pound, 1.81 troy ounce silver bar from the Maravillas shipwreck sold for $15,275.
  • Lot 1666, a Paraguay white-metal pattern 10 reales (ca. 1861-67) graded NGC MS 61 sold for $15,862.
  • Lot 1644, a Panama copper-nickel 1918 2-1/2 centesimos pedigreed to the Richard Stuart collection and graded NGC MS 63 sold for $13,512.

Full auction results can be viewed online at auction.sedwickcoins.com. Daniel Frank Sedwick, LLC is currently accepting consignments for their Treasure, World, U.S. Coin and Paper Money Auction #22 to be held Nov. 1-3, 2017. For more details, please contact Daniel Frank Sedwick, LLC at office@sedwickcoins.com.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: