Mexican 8 Escudo in New Sedwick Auction. This coin is valued at 35 - 60 thousand dollars, and is up for auction at the new Sedwick Auction described below. Augie just sent me the press release, which you will find below.
Be one of the first to check out the new auction items and register to get your dream coin. There are a lot of great coins for inspection even if you are not bidding.
Here is the entire release.
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Daniel Frank Sedwick, LLC announces the release of their Treasure Auction #6, October 15-16, 2009
Specialists in world coins and treasure items Daniel Frank Sedwick, LLC has released their sixth and largest Treasure Auction, available immediately for viewing on their website, www.sedwickcoins.com. This auction features well over $1 million in coins, ingots, artifacts and books, almost all of it opening at very reasonable levels. Because of the size of the auction this time, Sedwick has split this sale into three sessions, all closing LIVE on www.iCollector.com/sedwick.
“After our first live Internet auction last time, we decided to hold our Treasure Auction #6 in three sessions to provide breaks and avoid bidders having to monitor the auction all day long to bid live on the lots they want,” says Sedwick. “Also there is no more confusion about the buyer’s fee, which is set at 18% for everyone (discounted to 15% for check or cash).”
Starting off Session I (Thursday, October 15, 11:00 am EDT) is a unique Mexican cob 8 escudos (possible) Royal 1709 (estimated at $35,000-$50,000), one of more than 70 gold cobs in this sale, mostly from the 1715 Fleet, including also an extremely rare Lima cob 8 escudos 1702 (estimated at $20,000-$30,000). World gold coins feature a Mexican bust 8 escudos 1733 PCGS AU-58 ($15,000-up) and a Paraguayan cut 4 pesos fuertes (1866-9) ($12,500-up), one of only two known. In the shipwreck silver section you will find a Cartagena cob 8 reales 1621 ($16,000-$25,000), first date of issue and one of three known, plus the Louis Hudson collection of Potosà countermarks 1649-52, as well as selections from the Atocha (1622) Research Collection and a newly formed “Coconut wreck” (ca. 1810) Research Collection.
The four silver-cob sections in Session II (Thursday, October 15, 4:30 pm EDT) feature a La Plata cob 1 real (estimated at $700-$1,000), the first ever offered at auction; a unique Potosà cob 2 reales specially struck on a zoomorphic planchet in the form of a double-headed condor ($25,000-up); the finest-known Panama cob 4 reales (estimated at $5,000-$7,500); and Part I of the extensive collection of late world-coins dealer Mark Bir. The world silver coins section, which is becoming larger and more advanced in Latin American coins with every auction, features several key rarities as well as Part I of the Colombian Republic collection of Herman Blanton.
Session III (Friday, October 16, noon EDT) starts with a wealth of shipwreck gold and silver bars, featuring 6 “tumbaga” silver bars from the “Tumbaga wreck” (ca. 1528), 2 gold “finger” bars and 4 huge silver bars from the Atocha (1622) and one highly desirable small-size Justh & Hunter California Gold Rush ingot (estimated at $50,000-$75,000) from the SS Central America (1857). In the shipwreck artifacts section you will find a very high-quality emerald cross from the 1715 Fleet (estimated at $10,000-$15,000), in addition to many other treasures continuing in the non-wreck artifacts. Rounding out the sale are documents and books, plus the third and final offering of treasure auction catalogs from the Tom Sebring library.
Says Sedwick: “As always, we research and present each item diligently and put our long-standing reputation behind every lot. We wish you luck in adding more of this fine treasure to your own collection. Please register to bid today at www.iCollector.com/sedwick.”
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(You can find the Sedwick site listed in my Treasure Site List to the left.)
Forecast and Conditions.Strangely, we have a bit of a northeast wind this morning. I wouldn't be surprised to see a few spots with a little (very little - too little) erosion. According to the web sites, the seas are not high enough for that to have much effect. I haven't seen them myself this morning. I usually look for at least 6 or 8 foot seas before expecting much and I know that is not happening.
Yet, as I mentioned yesterday there are still coins out there to be found. Not much chance of cobs or escudos - mostly more modern stuff and other types of targets.
The TCTBDC Rating remains at a 1.
I'll give you plenty of time to browse the Sedwick auction site and get back to other things in the near future.
Augie asked me if I wanted to auction that half reale that I cleaned a few months ago, but i didn't. You know my thoughts on the dollar and precious metals and coins.
Tomorrow I'll have a story on one of the recent but largest gold treasure finds ever. I was planning that for today, but delayed it because I had so much for today already. But don't miss tomorrow's story and photos.
Happy hunting,
TreasureGuide@comcast.net