Written by the TreasureGuide for the exclusive use of the Treasure Beaches Report.
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| Lot 17 in the Current Sedwick Auction. |
Even though the auction hasn't gone live yet and won't until May 6, this 8-escudo already has a bid of $30,000, which is the low end of the auction estimate.
I decided to pick out a few of the auction lots that are among the stars of the auction, based upon early bidding and look at some of the factors that make these lots so valuable.
Here is the lot description for this lot.
MEXICO, Mexico City, gold cob 8 escudos, 1714 J, NGC MS 64 (1715 Fleet Shipwreck Label). S-M30; Cal-2212; KM-57.3; Fr-6. 26.99 grams. Excellent full cross-and-tressure and shield with 100% full oMJ and denomination VIII, also bold 17 and traces of 14 of date plus king's ordinal V in legend, typical edge-beveling on reverse (as made), choice grade, currently tied with six others for second finest in the NGC census behind a single MS 65. From the 1715 Fleet.
Looking at the coin itself, it is NGC graded, has a high grade (second highest known), has a nearly full date and other information such as the mint and assayer initial and has the 1715 Fleet salvage tag. Those are things to look for when estimating the value of a treasure coin.![]() |
| Lot 391 of the current Sedwick Auction. |
BOLIVIA, Potosí, cob 8 reales, 1702 Y, housed in original frame with certificate, very rare provenance. S-P43a; KM-31; Cal-1536. 21¾" x 13½" (frame). Fairly clear date and pillars-and-waves (other side not on view) with light toning and no visible corrosion, elegantly framed with its original certificate and postcard showing an engraving of the ship as from a presentation to investors in 1987 that proposed to turn the Whydah museum into a Florida theme park. One of the more important numismatic aspects of the famous Whydah finds is the fact that a relatively large amount of cobs from Lima and Potosí were recovered, perhaps explaining the relative paucity of those coins found from the 1715 Fleet in our time—in other words, the majority of those coins were taken off the Fleet wrecks by pirates and ended up with Bellamy on the Whydah! As with all the coins selected for these displays, the original certificate mistakenly calls the mint "Mexico"; we have left the display intact, however, as a relic of the investment scheme that indirectly brought otherwise unobtainable Whydah coins to market in recent years. Framed with original Maritime / Betts & Bernstein certificate 30411 signed by Barry Clifford. Recovered from: Whydah, sunk in 1717 off Cape Cod, Massachusetts.This
This one is dated - always an important factor, but there is a lot that goes with the coin itself. This one has a nice display in addition to the tag to document its history. It was sold in previous auctions and was part of a very famous pirate ship and is attractively and extensively documented. There is much more than the coin that determines the value here. Of course the larger and generally more complete eight denominations do better than the smaller denominations.
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| Lot 643 of the Current Sedwick Auction. |
PERU, Lima, cob 8 reales, 1660 V, extremely rare, ex-Ugaz, ex-Sellschopp. Sedwick-III.8.1; S-L5; KM-18.2; Cal-1250. 27.44 grams. While there is much discussion about the evolution and transportation of the 1659 issues (presentation pieces and regular issues), there is no debate that the coins struck in 1660 are the rarest of them all, for minting is known to have ceased in March of that year. This specimen is particularly desirable, as it shows a full PLVS / •*• / VLTRA between well-centered pillars, most of L-8-V to left and right, complete date •660• at bottom-center above full waves, the crown at top also nearly full but partially flat, bold but slightly off-center full cross on the other side, lightly toned VF, with excellent pedigree to boot. Pedigreed to the Jorge Ugaz Collection and the Sellschopp Collection (Swiss Bank Corp. auction of September 1988, also to the Baldwin's auction of September 2010 (lot 3960).
This one has a bid of $7000, which is just below the auction estimate. Still, that is a very good early bid that will likely go much higher before the auction is over.
This one is a very rare date. It is also an appealing coin based upon appearance. Nice star in the middle, distinct waves, and a three-digit date, which is a full date for this type. On top of that, it comes from a famous collection and has appeared in previous auctions.
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The above were found at the beginning of the auction (sessions 1 and 2) There must be a couple thousand lots in this auction. Really a lot of different things. Since there are many days to go many lots, including many coins, have no bids yet.
In the last session there is always a variety of kinds of things. There are a bunch of graded Morgans, a 1715 emerald, lead shot and canon balls, nuggets, tokens, Oriental porcelain, etc.
These auctions provide a good opportunity to learn about the various kinds of treasure and how to identify coins and things. It is nice to be able to identify something you dig up when you see it. You won't find internet sites or books with more examples of items, and they will not have the thorough detailed descriptions that you find in the auctions. You won't find a better educational tool anywhere.
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| Surf Chart from SurfGuru.com. |
A little rougher than I expected, but nothing real exciting there.
Still a lot of big pipes and heavy equipment on some of the beaches, which will produce some of those big iron flakes you'll find.
Good hunting,
Treasureguide@comcast.net


































