Friday, May 5, 2017

5/5/17 Report - Valuable Four-Escudo. Spiders and Snakes. Belaying Pin? $72,000 Atocha Rosary.

Written by the TreasureGuide for the exclusive use of

Highest Price Gold Cob In The First Session of the 5/3/17 -/5/4/17  Sedwick Auction.
Source: See Sedwick link below.
What is more valuable and eight-escudo or a four-escudo?  Of course it depends upon the specific cob.

The 1697 Lima four-escudo brought the highest price of the gold cobs on the first day of the current Sedwick Coins auction.

It has several things going for it.  It is in great condition, encapsulated, is an over-date, and the only one of its kind known.

It brought a winning bid of $27,000.  With the buyers premium included, the total was over $31,000.

There were four other gold cobs that had bids over $20,000.  All of those others were 8-escudos.

The lowest winning bid for a gold cob in yesterday's auction was $450 for a Seville 1-escudo.

Here is the link.


I wasn't thinking of this type of thing when I posted what I called a puzzle yesterday.  I asked what equipment you would want and how you would proceed if you wanted to detect under a house or deck or something where you only had a small space to crawl into.  The thing I hadn't thought about was safety.  And that is very important thing.  You might want to think about spiders, snakes, broken glass, rusty nails and safety in general.  That means wearing protective gear, such as gloves and long sleeves and taking other precautions.  Here is a link that Duane C. supplied.

Thanks Duane.


Concerning the mystery object I posted yesterday, here is what John L. had to say.

My first guess would be that it is a spoke to a ship's wheel due to the identical shape of the "handle" to almost all ships wheels whether made of wood or metal.

This shape is also identical to the handle of a belaying pin, though admittedly, most of these where made of wood.

Thanks John!

After I looked at the picture of the object again, I looked at what Wikipedia had to say about belaying pins.  Here is one paragraph from the Wikipedia article.

A belaying pin is a solid metal or wooden device used on traditionally rigged sailing vessels to secure lines of running rigging.  Largely replaced on most modern vessels by cleats, they are still used, particularly on square rigged ships.

Thanks John.


The Sedwick auction concluded yesterday (Thursday).

The largest winning bid of the auction was for the gold and red-coral rosary from the Atocha.  The winning bid was $72,000.  A $12,687.50 buyer's premium was added to that.

I hope you'll take the time to answer the blog poll.

It looks like we are supposed to have a one foot surf along the Treasure Coast for a few days.

Happy hunting,