Written by the TreasureGuide for the exclusive use of treasurebeachesreport.blogspot.com.
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| Source: Sedwick Coins Treasure Auction # 24. |
You might be surprised to learn that the coin that received the highest bid in the first session of the current Sedwick Coins Treasure Auction wasn't from the Atocha, Margarita, 1715 Fleet or any famous shipwreck: it was a 20th century 50-peso coin from Cuba.
Here is part of the auction description.
Cuba (struck at the Philadelphia mint), specimen 20 pesos, 1915, unique, NGC SP 63, finest and only known in NGC and PCGS censuses. KM-21; Fr-1. Struck on a special planchet with higher rims and smoother fields, the resulting (prooflike) luster a treat to behold, perhaps missing a higher NGC grade for a couple tiny rim-nicks on the reverse but at least recognized for its specimen status. NGC #4499455-006.
The winning bid was $110,000, not counting the buyer's premium.
Other Cuba coins of the same period also did extremely well.
In the second session (silver cobs) there was one coin that stood out head and shoulders above all others. The winning bid of that lot was $70,000. The cob, shown below, is an experimental three reale in the Early Series.
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| Source: Sedwick Coins Auction # 24. |
Mexico City, Mexico, 3 reales, Charles-Joanna, "Early Series," assayer R (Rincon) at bottom between pillars, with waves, three-dots denomination, all-Gothic lettering except O, NGC VF 30, finest and only example in NGC and PCGS censuses, ex-Rudman. Nesmith-5b/5; CT-unl; S-M1. 9.74 grams. A classic and highly important issue, this is the first of the experimental 3-reales denomination (see article below), and it is arguably the finest in style, making for a very attractive and artistic design. It is also among the earliest coinage of this mint and the entire New World. The presence of water lines (“waves”) below the pillars is a feature that does not return until the “Late Series” a few years later. Exceptionally broad flan with full details, lovely toning and choice strike, one of only two problem-free examples known of this extremely rare and mysterious "with-waves" variety (the other impounded in the Banco de Mexico collection), worthy of inclusion in the finest of collections.
Some Boliva reales, a heart-shaped cob and some Panama cobs also did well in the same session, but nothing close to the above cob.
Some people aren't much interested in auction results, but I think it is good to browse the auctions so you know something about the various types of treasures that are out there in the world and what makes some more valuable than others. You can learn a lot by looking through the auction catalogs and listings.
The final live sessions of the auction will conclude today. You can watch the bidding online.
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Mitch King wrote concerning the picture at the top of yesterday's post.
I know right where that picture was taken. For years we used that car as
a gauge for how much sand was on the beach. That car sank down several
feet thru the years. Then the car was visible the chance of finding
silver coinage was very good. The car remained there till sometime after
the 2004 hurricanes when I believe it was removed. The location is just
south of Humiston park in Vero beach. If you look in the back ground you
can see the street drain pipe that is extending into the ocean. The
reddish building at the top is where the old "Crab Shack" was. There is
a whole new building there now constructed after the 2004 hurricane season.
Thanks Mitch. I remember seeing the frames there myself. ---- I just saw a rerun of the Oak Island Curse TV show. I noticed once again that the spike given to Lori, the art historian, was clearly not the same one that she showed when she returned with her verdict. If you want to compare them for yourself, take a good look at the head of the spike(s).
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Fisherman saves humpback whale.
https://www.nbcbayarea.com/news/local/Fishermans-Rescue-of-Entangled-Whale-Caught-on-Camera-499221291.html
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Another Fall front came through yesterday. In my opinion, the nice cool weather is excellent for walking the beaches.
We are going to have some nice high tides. We have northeast winds now, and even though the surf is not supposed to be very big, I'm betting there are a few small cuts around the Treasure Coast.
Happy hunting,
Treasureguide@comcast.net
