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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.

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Why History Matters: Consigning Items With A Story

28 Dec

Do you have an interesting coin, bank note, or shipwreck artifact with a history to tell? Here are the 15 reasons why you should consign to us now to be a part of Treasure Auction 21:

1) Daniel Frank Sedwick, LLC will get top dollar for your consignments. As the world’s ONLY full time auction specialists in Spanish colonial and shipwreck coins (not to mention ingots and artifacts), we have exclusive clientele worldwide and extensive knowledge and experience. That translates into results you can bank on.

2)     Our personal service is unparalleled. Our bidders and consignors deal directly with the heads of our company, who also personally research and photograph everything. Our aim is maximum comfort and confidence, so we accommodate everyone’s needs through barrier-free communication. No consignor or bidder is too big or too small for our attention!

3)     Our overall philosophy is that specialized attention beats massive volume and market sprawl. Lima Gold Cobs 1715 Fleet Lima, Peru, cobs choice set: 8 escudos 1712M, 4 escudos 1710M, Within our specialty we handle the same important collectors worldwide as other companies but with much more personal service and far less overhead. We make sure that every important consignment gets maximum exposure at shows and on the Internet without wasting resources on exclusive venues and over-distribution.

4)     While other auction houses simply put the lots up for sale and depend on the market to set the prices, we take the steps to personally point out lots to the right bidders, and we maximize exposure to all bidders via mail-out catalogs and the Web. We don’t just hold an auction, we make an event of it!

5)    ¡Hablamos su idioma! Our 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 cautious participants to our venue.

6)     Our financial record is unblemished. In over 8 years of auctions, we have never paid a consignor late (unless he requested it) or had any dispute that was not corrected immediately. We give winning bidders all available options for payment and take necessary steps to make sure all bills are paid.

7)     Daniel Frank Sedwick, LLC offers cash advances for qualified consignments. Many consignors also enjoy being able to trade their proceeds against purchases within the same sale. Our personalized attention makes it possible to accommodate many special needs.

8)     We are not just auctioneers: We are recognized researchers and editors, with many scholarly books and articles to our credit. (We also give seminars and teach classes when we can) With every auction we make new numismatic discoveries and publish them immediately for everyone’s benefit. It takes more than just a reference number to sell a rare coin!

9)    Because not every consignment comes in sale-ready, we take the time to properly merchandise each item and even offer limited conservation services. Our goal is to make each lot the best it can be so the consignor will benefit.

10)     Our presentations are the best in the business. We start with detailed lot descriptions, disclosing all aspects positive and negative, to give bidders the peace of mind to comfortably place their bids and avoid returns. For cobs especially, grading and evaluation are very difficult and require our exclusive expertise. After rigorous proofreading and editing, we marry the text with state-of-the-art digital photography and zooming for important details. Then, with keen attention to efficient and aesthetically pleasing layout, we put it all online and in beautiful catalogs that are collectible in their own right and housed as references in many important numismatic libraries like the American Numismatic Association and the Numismatic Literary Guild. Finally, our catalogs and results are permanently accessible for all to see on our own website, on iCollector.com and on CoinArchives.com.

11)  We make a point to estimate all lots at reasonable levels. We research all consignments to make sure the lots are being offered at correct levels. We never take advantage of a consignor’s ignorance of the current market or rarity of his material, and we take any advice or follow any special instructions the consignor may have.

12)   From the minute you consign, Daniel Frank Sedwick, LLC will get the word out to potential bidders. We get excited about unique and rare pieces and we pass that enthusiasm on to our clients.

13)  Our preeminence in the field of Spanish colonial and treasure coins has logically propelled us to the top of the field in Latin American numismatics as well. Our expertise and clientele are now among the best for this often-underrated field. We are also developing a presence in world coins in general, especially gold, with ancient coins, medals and paper money in nearly every auction as well. Nothing is outside our radar!

14)  Through iCollector.com and our own expertise we are able to conduct our auctions using the latest technology and convenience of online bidding, without over-the-top bells and whistles that just become confusing. The iCollector platform brings hundreds of thousands of bidders worldwide to our auctions with the confidence of unparalleled tech support and absolute third-party confidentially. Simply put, it is old-style service with state-of-the-art technology.

15)  We are members in good standing with most major professional guilds and collector organizations, including: IAPN (International Association of Professional Numismatists), ANA (American Numismatic Association), ANE (Asociación Numismática Española), FUN (Florida United Numismatists), NLG (Numismatic Literary Guild), NI (Numismatics International), USMexNA (U.S. Mexican Numismatic Association), PCGS(Professional Coin Grading Service) and NGC (Numismatic Guaranty Corporation). We are fully insured (underwritten by Lloyds of London) and fully licensed with the State of Florida as auctioneers (AU3635) and as an auction business (AB2592).

treasure bars atocha 1715 fleet gold and silver ingots pirate

NOTE: Consignment deadline for our May 3-4, 2017 Auction

February 19, 2017

Come and see us in person to the following upcoming shows:

Florida United Numismatists Show (accepting consignments)
January 5-8, 2017
Fort Lauderdale, FL

New York International Show NYINC (accepting consignments)
January 12-15, 2017
New York, NY

Vero Beach Coin Show (accepting consignments)
January 14-15, 2017
Vero Beach, FL

Long Beach Coin Expo  (accepting consignments)
February 16-18, 2017
Long Beach, CA

ANA’s National Money Show  (Lot viewing)
March 9-11, 2017
Orlando, FL

Please contact us at office@sedwickcoins.com or call 407.975.3325

We are constantly looking for:

  • High-grade gold and silver Latin American coins (especially large collections)

  • World Gold coins including US and early British and Dutch

  • Rare early Spanish colonial cobs (collections or single coins)

  • 1715-Fleet gold and silver dated cobs.

  • Shipwreck coins and cobs in reasonable condition with original certificates

  • High-grade silver cobs & pillar dollars

  • Artifacts from shipwrecks (well documented and properly conserved)

  • Silver and gold ingots from shipwrecks

  • World Paper Money

  • U.S. Coins

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Treasure auction brings in $2.25 million

16 Nov

Winter Park, Florida – November 14, 2016 – Shipwreck gold and silver ingots made a big splash in Daniel Frank Sedwick, LLC’s $2.25 million floor auction held Nov. 12-14, 2016 in Orlando, Fla.

A complete gold strap intended for making oro corriente (coin-like ingots) recovered from an early 1500s wreck in the Caribbean sold for $94,000. It has a 22-karat fineness, weighs 1.128 kilograms and measures 10-1/2” long by 1-1/4” wide by 1/4” deep.

Another very large lot was an 82 pound, 7.36 troy ounce silver bar recovered from the Atocha purchased for $64,625. The bar is dated 1622, the same year as the sinking of the Atocha.

Other impressive highlights include the year’s largest offering of Spanish colonial cob coinage. The top gold lot was a Lima, Peru 1713M 8 escudos recovered from the 1715 Fleet which sank off the coast of Florida and certified by NGC as MS 63 (finest known in the census). It sold for $32,900.

In addition to the floor auction, educational talks were held on Nov. 11 on a variety of topics including shipwreck treasure recovery, professional collecting and coin buying strategies.

Daniel Sedwick, president of Daniel Frank Sedwick, LLC, said the event provided the perfect close to a successful year.

“The feedback from attendees and bidders was overwhelmingly positive, reflected in strong bidding and record results, but as always we are thankful to our consignors for their trust and confidence,” said Sedwick. “We explored some new areas for us, mainly paper money, and look forward to offering more high-quality items in the future.”

Of the firm’s inaugural offering of paper money, the most valuable lot was a Puerto Rican 1813 8 reales note graded by PMG as VF-35 Net / Pieces Missing acquired for $5,875.

Other top lots and prices realized include:

  • Gold “finger” bar from the Golden Fleece Wreck: $47,000;
  • Large gold disk recovered from the 1715 Fleet, 2029 grams, 11.25-karat: $47,000;
  • Lima, Peru 1704H 8 escudos, NGC MS 62: $30,550;
  • Potosi, Bolivia 1725Y Louis I 8 reales Royal, VF+: $17,035;
  • Large silver basin recovered from the Atocha: $16,450;

Full auction results are available here: http://www.sedwickcoins.com/. A premium of 17.5 percent is included in the prices listed.

Consignments are now being accepted for Daniel Frank Sedwick, LLC’s Treasure, World, U.S. Coin and Paper Money Auction 21, scheduled for May 3-4, 2017. Please contact Augi Garcia at augi@sedwickcoins.com or Connor Falk at connor@sedwickcoins.com.

Lot 202, the complete gold strap used for making oro corriente pieces, marked five times with circular tax stamp of Charles V, Holy Roman Emperor;
Lot 211, large silver bar recovered from the Atocha weighing 82 lbs, 7.36 troy oz. dated 1622 [14” x 5” x 3-1/2”]
Lot 30, Lima, Peru, cob 8 escudos 1713M graded NGC MS 63 [finest known], recovered from the 1715 Fleet.)

 

Here’s the Hat Trick – Numismatic News

15 Jan

Just a quick note to remind everyone of our upcoming shows. Dan is heading to Vero Beach today for the annual Treasure Coast Coin Club show. He’s loaded with new purchases from the FUN and NYINC shows, so please go by and see him! He’s also taking consignments for our upcoming Sedwick Treasure, World and US Coin Auction #19. We’re always pleased to receive consignments of significant collections of cobs and choice Latin American coins. High-quality artifacts are always welcome as well.

tccc-show-2016

At the end of the month, Dan and Augi will be traveling to Long Beach, CA, for the Long Beach Expo from February 4-6. They will again be happy to take consignments AND buy or sell you something. It’s a busy time of year for us, but we’re getting excited about our next auction and hope you will join the fun. Auction dates are May 18 and 19, so mark your calendar now.

OK, now for a cool hat trick.

Goal #1: Purchase a 1704 8 reales Potosi cob (not hard to do).

Lot 1431, TA #14, 8R cob

Lot 1431, Daniel Frank Sedwick, LLC – Treasure Auction #14

Goal #2: Purchase a 1704 8 reales Potosi royal (a little harder to do but not out of the question).

Lot 707, TA #14, 8R royal

Lot 707, Daniel Frank Sedwick, LLC – Treasure Auction #14

And Goal #3: Purchase a 1704 8 reales Potosi heart (you have a better chance with the lottery than getting this!).

Lot 720, TA #18, 8R Heart

Lot 720, Daniel Frank Sedwick, LLC- Treasure Auction #18

Pretty nifty hat trick, no? What I like about looking at all three of these coins is that we can study the details that are missing on our cob. This can go a long way in identifying coins.

One last note: the ANA (for American Numismatic Association) has just launched a digital archive of 127 years’ worth of The Numismatist magazine. Both Dan and my father, Frank Sedwick, have written articles for the magazine! Check out the story here: http://www.coinworld.com/news/us-coins/2015/12/ANA-launches-digital-archive-of-The-Numismatist-magazine.html

 

NOTE: The contents of this site including all images, graphics, photos, lists, compilations, articles and text are Copyright © DFS, LLC. Any form (commercial or non-commercial) reproduction, duplication, copy, redistribution, publication, or other use by any means in any form, is prohibited unless pursuant to a written permission by the Daniel Frank Sedwick, LLC.

First coin shows of 2015: FUN and NYINC

20 Jan

Cori Downing SedwickHello!  My name is Cori Sedwick Downing, and I’ve started this blog because I enjoy writing about Spanish colonial coins and shipwreck coins and artifacts. My specialty is researching so-called Charles and Joanna coins from the first mint in the New World at Mexico City from roughly 1536 to 1572, but my interests are wide ranging so I’ll cover much more than those coins. I have been working for my brother, Dan, at Daniel Frank Sedwick, LLC for about six years.  Before that, I have had as many lives as a cat (of which, by the way, I do have one).  I’ve been a high school teacher, a real estate agent, a photographer, and a travel agent. In my spare time I am obsessed with genealogy, DNA research and playing sports, mainly running and cycling. Now that I’m closer to 60 than 50, most people don’t know that I used to be a pretty good runner in my 20s. I took up cycling in my 40s due to an injury that sidelined me from running and once set the state time trial record in my age group at the Florida State Games (50-54 age group). I also won the duathlon national championship in my age group one year.

Enough about me! I’d love to hear from YOU. Is there anything you’d like me to cover or do you have anything to contribute? Please feel free to subscribe.

__________________________

As for the first coin shows of 2015, if overflowing parking lots and garages at the Orange County (Florida) Convention Center for the FUN (Florida United Numismatists) show in January 8-11, 2015 are any indication of a healthy economy, we’re in for a banner year.  Although the concurrent Surf Expo was the source of much of the parking snafu, there was still a steady stream of visitors to our table by old friends and new acquaintances who bought, sold or consigned coins and artifacts. As a result we already have some interesting auction items lined up and I’ll tell you about some of them in future posts.

Augi Garcia Barneche helping a customer at FUN 2015

Augi Garcia-Barneche at FUN 2015

The FUN show is one of the largest coin shows in the US for good reason: there’s something for everyone. Your children can pan for gold in a working sluice box, the treasurer of the United States is on hand to sign bills purchased from the BEP (Bureau of Engraving and Printing) booth, and this year the State of Florida presented an interesting display of coins and artifacts from their holdings specifically related to the 1715 Fleet discoveries off the coast of Florida. Don’t forget that this year is the 300th anniversary of that Fleet and we will feature coins and artifacts from the wreck in our Treasure Auction #17 in April 2015. There’s even a 1715 Fleet Society to help raise awareness of and promote ongoing research about the Fleet.

The NYINC (New York International Numismatic Convention) is the largest US coin show featuring ancient and world coins exclusively, and we always have a table there. Unfortunately it is also concurrent with the FUN show. While it is a much more subdued atmosphere, it’s a good place for our northern clientele to visit us. The temperature differential this year between NY and FL was about 80 degrees.

Stardust Room at the Waldorf Astoria in NYC

Stardust Room at the Waldorf Astoria in NYC

The show is always held in the Waldorf Astoria Hotel, a grand old lady who makes you want to stand up a little straighter and put on your best manners when you walk in the door. Where else can you spend a night in the Marilyn Monroe suite? While we’re crammed in like sardines in a tin, we love the atmosphere and excitement of New York!

Back in Florida now, we’re looking forward to a few more shows before January ends. You can find us at the Vero Beach, Florida Treasure Coast Coin and Currency Show on January 24-25 and at the Long Beach (California) Expo on January 29-31. We hope to see you at one of these shows!

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