Written by the TreasureGuide for the exclusive use of treasurebeachesreport.blogspot.com
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| Lot 30 In The Recently Concluded Sedwick Coins Auction # 20 |
Here is the description of lot 30, which was the gold cob bringing the highest bid.
Lima, Peru, cob 8 escudos, 1713M, encapsulated NGC MS 63, finest known in NGC census, from the 1715 Fleet (stated inside slab). S-L28; KM-38.2; CT-25. 26.8 grams. Choice full cross-lions-castles and pillars-and-waves, two full and bold dates, lustrous, broad flan, a superb specimen all around, befitting the top honors. NGC certification #4431906-001. From the 1715 Fleet, and pedigreed to the Charles Eidel collection.
The winning bid for this eight escudo was $28,000. With buyers premium and everything, the cost was $32,900. The pre-auction estimate was only 10 - 15 thousand, so it about doubled the estimate.
The NGC encapsulated cobs seemed to do very well. This one was MS 63. Maybe it is worth having such coins slabbed.
It is a pretty coin.
A 1715J Mexican slabbed eight-escudo said to be from the 1715 Fleet did nearly as well with a winning bid of $24,000. It was MS 63 also.
Not many coins dated 1715 made it onto the 1715 Fleet.
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There weren't a large number of shipwreck artifacts in this auction, but the one that brought in the highest bid was an Atocha silver plate. The winning bid was $14,000.
A couple of gold chains sold for around $7,000.
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When is a half reale worth more than an eight-escudo? Most of the time when it is a rare early series half like this one.
Here is the description in the Sedwick auction catalog. Notice that it is what I have called a "celebrity coin." It appeared in a book.
Mexico City, Mexico, 1/2 real, Charles-Joanna, "Early Series," assayer F to right (oMo-oFo), extremely rare, ex-Huntington, Nesmith Plate Coin. Nesmith-13; S-M3; CT-172. 1.60 grams. Deeply toned AVF with full legends and inner details, particularly rare (two known) and interesting as showing a new die with clean F (not F/P), desirable pedigree. Pedigreed to the A.M. Huntington collection and Plate Coin #13 in Nesmith's book.
The winning bid was $6000.
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The NGC encapsulated cobs seemed to do very well. This one was MS 63. Maybe it is worth having such coins slabbed.
It is a pretty coin.
A 1715J Mexican slabbed eight-escudo said to be from the 1715 Fleet did nearly as well with a winning bid of $24,000. It was MS 63 also.
Not many coins dated 1715 made it onto the 1715 Fleet.
---
There weren't a large number of shipwreck artifacts in this auction, but the one that brought in the highest bid was an Atocha silver plate. The winning bid was $14,000.
A couple of gold chains sold for around $7,000.
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When is a half reale worth more than an eight-escudo? Most of the time when it is a rare early series half like this one.
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| Lot 574 In The Recently Concluded Sedwick Auction. |
Mexico City, Mexico, 1/2 real, Charles-Joanna, "Early Series," assayer F to right (oMo-oFo), extremely rare, ex-Huntington, Nesmith Plate Coin. Nesmith-13; S-M3; CT-172. 1.60 grams. Deeply toned AVF with full legends and inner details, particularly rare (two known) and interesting as showing a new die with clean F (not F/P), desirable pedigree. Pedigreed to the A.M. Huntington collection and Plate Coin #13 in Nesmith's book.
The winning bid was $6000.
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We're going to have a relatively small surf for a few days. The tides will be high though.
Happy hunting,
TreasureGuide@comcast.net
