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Sedwick Treasure Auction #7 Brings In $1.37 Million

Daniel Frank Sedwick, LLC announced this week that their seventh Treasure Auction on April 7-9 realized $1.37 million (including buyer’s fees, same for all prices quoted here) and over 94% of the 2160 lots sold, well exceeding the pre-auction estimate.

“Our latest auction proves that world coins and treasure items are still strong,” said Daniel Sedwick, company principal and founder, “and that we achieve consistent results. This is our second auction in a row that reached over $1 million with a 94% sell-through rate, which is remarkable and a testament to the hard work we put in, both to get great consignments and to do what it takes to sell them all.”

Sedwick also pointed out that many sections like shipwreck coins were complete sell outs and brought record prices, particularly the Karl Goodpaster estate of 1715 Fleet silver coins. Gold cobs, as always, fetched strong prices, with the two featured Peruvian specimens from the Frank Sedwick estate realizing $19,550 (8 escudos 1712) and $18,400 (4 escudos 1711, finest known). Perhaps the most interesting coin in the sale was a Mexican cob 1 escudo from the 1715 Fleet that was flown to the moon aboard Apollo 14, and that coin brought $8,625. Most of the money, however, was in gold and silver ingots, including the highest priced lot in the whole auction, a naturally coral-encrusted “clump” of two complete gold bars from a mid-1500s Spanish wreck that brought $112,125. Many museum-quality artifacts sold for up to 5 times the high estimates.

Sedwick’s assistant Augi Garcia pointed to several unique factors for the success of their auction, including video lot viewing and illustration of all lots, but particularly the concept of live bidding via the Internet:

“People love bidding online, at their computer, in the comfort of their own home or office, even from their iPhone. At times we had more people actively bidding online than you see on the floor of a typical world-coins auction at a major coin show.”

A very strong online thrust via the Sedwick website as well as the bidding platform iCollector attracted over 25% new bidders from around the world. Also of benefit was lot viewing at the Baltimore show in March.

Consignments pledged or already received for Sedwick’s Treasure Auction #8 in October (consignment deadline July 31) indicate that it will be another big event, with still more improvements and innovations in store.

“Our goal is constant improvement through technological innovation, while retaining good old-fashioned personal service,” says Sedwick, “and that formula is hard to beat.”

Highlights from Treasure Auction #7 include (in order of price realized):

Lot# 0142 World’s only gold-bar clump, 2400 grams i long ingots, from the “Golden Fleece wreck” (ca. 1550). $ 112,125
Lot# 0143 Complete gold “finger” bar #39 from the “Golden Fleece wreck” (ca. 1550), 1108 grams, 17K. $36,800
Lot# 1864 Bronze astrolabe in exceptional condition, dated 1656, maker Agostinho de Goes Raposo. $32,200
Lot# 0153 Gold “finger” bar #10 from the Atocha (1622), 687 grams, 23.5K. $31,625
Lot# 1962 Ornate French gold boîte-en-baignoire (oblong snuff box) from the “Coconut Wreck” (ca. 1810). $28,750
Lot# 0161 Large silver bar #604 from the Atocha (1622), 87 lb 2.3 oz troy, 2380/2400 fine, Class Factor 0.8. $20,700
Lot# 0010 Lima, Peru, cob 8 escudos, 1712M, choice specimen from the 1715 Fleet, $19,550
Lot# 0015 Lima, Peru, cob 4 escudos, 1711M, choice specimen from the 1715 Fleet, finest known. $18,400
Lot# 0019 Cuzco, Peru, cob 2 escudos, 1698M, from the 1715 Fleet, choice, $14,375
Lot# 0009 Lima, Peru, cob 8 escudos, 1710H, 2 dates, from the 1715 Fleet, choice. $12,650
Lot# 1159 Panama, cob 1 real, Philip II, no assayer, unusually fine style, unique. $11,500
Lot# 0164 Small silver bar #820 from the Atocha (1622), 39 lb 10.08 oz troy, 2360/2400 fine, Class Factor 0.9. $10,350
Lot# 0008 Lima, Peru, cob 8 escudos, 1708H, from the 1715 Fleet. $10,063
Lot# 1979 Dutch bronze swivel cannon with “sea lion” handles and original yoke, ca. 1700. $10,063
Lot# 0168 Neatly formed silver ingot from the Slot ter Hooge (1724), 1950 grams, w/stamps $9,258
Lot# 0001 Mexico City, Mexico, cob 8 escudos, (171)0J, silver-cob shape, Plate Coin in the Pradeau reference. $8,625
Lot# 0007 Mexico City, Mexico, cob 1 escudo, (1711-13),, flown to the moon aboard Apollo 14. $8,625
Lot# 1859 Silver candlestick holder and heavy, round base from the Atocha (1622), marked w/crown stamp. $8,625
Lot# 0002 Mexico City, Mexico, cob 8 escudos, oM-dot-J (1716-23), from the 1733 Fleet, rare. $6,900
Lot# 1977 English brass-barreled flintlock blunderbuss rail gun with brass yoke and furniture. $6,900
Lot# 958 Lima, Peru, cob 2 reales, “Star of Lima” type, 165(9)V, rare, non-salvage. $6,325
Lot# 1151 Santo Domingo, Dominican Republic, copper 2 maravedis, Philip II, assayer X, unique. $6,038
Lot# 0014 Lima, Peru, cob 8 escudos, 1750R, from the Luz (1752). $5,750
Lot# 1852 Large, natural, dark-green emerald from the Atocha (1622), 10.52 carats. $4,888
Lot# 2004 Art McKee’s personal brass dive knife, signed and dated 1937 and with a cob soldered on the handle. $4,715
Lot# 0493 Mexico City, Mexico, cob 8 reales, 1715J, full date, from the 1715 Fleet. $4,715
Lot# 0158 Large “tumbaga” silver disc #M-96 from the “Tumbaga wreck” (ca. 1528), 18.03 lb. $4,715

Prices realized for all lots sold in Treasure Auction #7 are available online NOW!

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