Written by the TreasureGuide for the exclusive use of treaurebeachesreport.blogspot.com.
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Lots from Bruce Ward Estate Auction
See Cargileauctions.com link below.
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The Sedwick Coins Treasure Auction no. 26 has concluded, but many silver reales from the Bruce Ward estate is being auctioned by Cargile Auctions.
Online bidding has begun, but bidding will not close until Dec. 9.
Here is the link to the Cargile Auctions site.
http://www.cargileauctions.com/auction/350594/the-estate-of-bruce-ward/
And here is the link to the online auction catalog.
https://cargileauctions.hibid.com/catalog/189905/1715-spanish-fleet-coins-and-artifacts---the-estate-of-bruce-w/
Many of these are said to be in their original uncleaned condition.
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Q. David Bowers tells CoinWeek about his new book, Lost and Found: Coin Hoards and Treaures.
Here is a brief excerpt from the article.
In numismatics, there are many stories of coin treasures that have come to light, most often under circumstances a bit less exciting than written in buccaneer lore, but often quite intriguing. Typically, notices of such finds have been reported first in newspapers or other popular periodicals, often with incomplete or inaccurate information. Then, if a numismatist were consulted, the facts might have been recorded.
Found coins were usually spent, sold, or otherwise scattered without any inventory being made of them. I have reviewed thousands of news accounts of robberies, finds of buried coins, losses of ships laden with coins, and the like, but only a tiny percentage of such narratives have any interesting or important numismatic information. The exceptions form many of the stories given in my book Lost and Found Coin Hoards and Treasures, now in its second edition...
https://coinweek.com/coins/supplies/books-2/coin-hoards-treasures-and-troves-separating-truth-from-taradiddles/
I'm sure you will be able to get it through the library if you don't want to spend the money.
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Talking about hoards, did you ever hear about the Great Southern Treasure Hoard?
Near the beginning of last month, CoinWeek traveled to NGC headquarters in Sarasota, Florida, to get a first look at the Great Southern Treasury Hoard of 13,000 New Orleans Mint Morgan dollars.
Coin dealer Jeff Garrett was instrumental in bringing this numismatic bonanza to the market, negotiating a deal with a family of hard money advocates to trade 13 U.S. Mint-sealed bags of Morgan dollars for approximately $1 million in gold bullion.
The family purchased the coins in the mid-1960s for an estimated cost of $1.30 per coin. That investment returned an estimated $76.92 per coin in 2019...
Here is the link for more about that.
$1 in 1965 is equivalent in purchasing power to about $8.15 in 2019, a difference of $7.15 over 54 years. Not a bad investment, but without figuring it out exactly, I think you would get more if you put your money in the bank in 1965. Interest rates at one point were up around 20%, if you can imagine that in todays near-zero interest rate environment.
Maybe you still would have enjoyed the coins more.
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| Interest Rates Over the Years. |
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When you see all of the cars on the road, it seems like nobody is where they want to be - otherwise they wouldn't be going somewhere else.
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| Source: MagicSeaWeed.com |
Tomorrow the surf is supposed to be five to eight feet. The tides won't help much though.
But look farther out. A six to nine foot surf is predicted for next week.
Happy hunting,
Treasureguide@comcast.net.