Author Archive for

Daniel Frank Sedwick is a full time dealer specializing in the colonial coinage of Spanish America as well as shipwreck coins and artifacts of all nations. In addition to publishing several catalogs per year, Mr. Sedwick is a regular vendor at major international coin shows, including FUN, CICF, and ANA.

Sedwick’s Treasure Auction hits $800,000

8 escudos, 1703 Lima PeruTreasure Fever has struck again! Expert numismatist and auctioneer of shipwreck coins and artifacts Daniel Frank Sedwick has released the results of his Treasure Auction #3. This mail-bid auction surpassed predictions by grossing over $800,000 ($700,000 + 15%), with an unprecedented 92%+ of the lots sold.

Consignments for Sedwick’s next auction (Treasure Auction #4) in the fall of 2008 are already pouring in. One of the top highlights of the sale was a rare mariner’s astrolabe that sold for $28,750.00 (with buyer’s premium). Other major highlights include a Lima, Peru, cob 8 escudos of 1703 that sold for $17,250 and a Cartagena, Colombia, cob 2 escudos of 1622 (the first gold coin struck in the New World) that sold for $23,000 (both prices with buyer’s premium).

The entire offering of Spanish colonial gold cobs in this auction (mainly from the 1715 Fleet) hit close to a quarter million dollars, one of the biggest auction sales of treasure gold cobs offered in the last several decades. This marks a trend in gold-cob prices.

“The market had a very positive reaction… collectors are increasingly eager for choice gold cobs and we can provide the best selection at competitive prices,” says Sedwick, who also pointed out that a similar offering will appear in his next auction in the fall.

A big surprise for collectors was an offering of ca.-1528 shipwreck silver “tumbaga” bars, which before this auction had an average price among collectors of about $3,000 each, yet the 14 bars on offer averaged over $7,000 each (including commission), with one specimen exceeding $10,000. This reflects a new appreciation for these artifacts. (more…)

DISCLAIMER: All content within CoinLink is presented for informational purposes only, with no guarantee of accuracy.
CoinLink does not buy or sell coins or numismatic material, and has no ownership interest in any web site listed within CoinLink.
All News and Article links are direct, without framing, to the original source, which is solely responsible for the content.
No endorsement or affiliation to or from CoinLink is made.