Written by the TreasureGuide for the exclusive use of treasurebeachesreport.blogspot.com.
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1893 Morgan Dollar With Estimate of Over $70,000
Source: coinweek.com (See link below.)
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As you know, I've been following the current Sedwick Auction, which features a number of 1715 Fleet coins, but there are other auctions that might you might find both interesting and informative.
Legend Rare Coins will soon be offering an extraordinary array of coins in its upcoming Regency Exclusively Legend Auction, slated for October 24. The event, to be hosted at Harrah’s in New Orleans, promises to be an extravagant affair as Legend Rare Coins auctions typically are and buyers are already gearing up for intense bidding action, with the sale’s 184 lots posted online for pre-bidding.
The auction offers a gorgeous selection of proof and mint state type coins, principally selections of high-end Barber coinage, Morgan dollars, popular pre-1933 gold coinage, and other classic pieces from the late 19th and early 20th centuries...
The auction features many rare and valuable coins including the 1893-CC Morgan $1 PCGS MS65 shown above that carries a presale auction estimate of $75,000 to $85,000.
The auction features many rare and valuable coins including the 1893-CC Morgan $1 PCGS MS65 shown above that carries a presale auction estimate of $75,000 to $85,000.
Want to know what makes a coin so valuable? Take a look at the examples in this auction.
Here is the link.
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Auction catalogs provide a lot of information. That is why I like to look through them. As much as I like looking through auction catalogs, I've never bought anything at an auction. I just can't get excited about paying more than anyone else is willing to pay for an item. I know there are times when people don't recognize the value of an item and you might be able to get a bargain, but I'd much prefer to find items rather than buy them. I don't like spending money or buying things, especially if the particular item or a suitable substitute might be found. It is no wonder then that I like metal detecting.
While looking through the current Sedwick auction listings, I noticed a coin from the wreck of Le Chameau.
On August 27th, 1725, in a storm off Cape Breton, while trying to make the mouth of Louisbourg harbour, Le Chameau was swept in upon the rocky shore...
For years afterwards, legends of the treasure lingered: glimpses of silver and gold in crevices and tales of lobster fisherman pulling up a few handfuls of coins. The treasure, however, was not
located at the time.
In 1961, a discovery of cannons scattered on the sea bottom alerted Alex Storm, a diver working part-time on a fishing trawler from Louisbourg. Braving the dangerous tides and freezing waters
at Kelpy Cove, Storm carefully mapped the wreckage of the Chameau to locate the treasure compartment. Storm's discovery triggered a rising interest in the wealth of shipwrecks off Nova Scotia's waters and brought legislation to protect them...
Here is the link for more about that.
http://www.courseworld.com/wrecks/chameau.html
The Le Chameau is just a few miles north of …. you guessed it … Oak Island. It is just one of the many wrecks around Nova Scotia. Below is a clipping that among other things shows a map of shipwrecks around Nova Scotia.
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It seems that if you spent a while searching it would be surprising if you never picked up something related to a wreck around there.
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Predicted Path of Tropical Storm 16.
Source: nhc.noaa.gov
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The Treasure Coast is on the wrong side of it and won't be affected much.
We won't have much surf for a few days.
Happy hunting,
Treasureguide@comcast.net
