News-Antique.com - Oct 11,2012 - With a pre-auction low estimate of over $1.5 million, this is our highest-value auction to date. As you browse the 1884 lots, you will see trophy after trophy (MANY “finest knowns”) interspersed with solid material in gold and silver coins and ingots, plus all kinds of artifacts.
The catalog starts with a bang, featuring a collection of 24 Lima, Peru, 8 escudos among the 85 total gold cobs, most of them from shipwrecks and many in Mint State grade, with lots of rare dates (be sure to read our article enumerating all the dates and varieties known). The World Gold Coins section after that features significant selections from Brazil, including an 1827 Pedro I 6400 reis in AU-55 grade (lot 114), plus an MS-63 dobrão (20,000 reis) of 1726-M (lot 102). All of the Spanish colonies and Latin American republics are well represented, one highlight being a very rare Popayán, Colombia, 10 pesos of 1870 in AU condition (lot 160).
The highest value items, however, are in the Shipwreck Ingots and Shipwreck Artifacts sections: the former includes the largest gold bar (over 2.5kg) we have ever offered from the Atocha (1622) (lot 294), and the latter features several gold chains and an ornate gold vase from the 1715 Fleet (lot 1797) that we believe was meant for anointing the new Queen of Spain!
As always, the bulk of this auction is in shipwreck silver coins and silver cobs. There are several very rare wrecks represented this time, like the Warwick (1619) and the Whydah (1717), as well as a huge selection of countermarked Potosí cobs from the Capitana (1654) and Maravillas (1656). An excellent article written by our own Cori Downing about Mexican Charles-Joanna coins precedes a type-collection of choice specimens from that series. Both the Lima and Potosí cobs sections feature several Royal presentation pieces, with more “Star of Lima” cobs than we have ever offered in one auction. And don't miss the Potosí Rincón 8 reales (lot 1023)--officially the first “dollar” of that mint--followed by long date-runs of pillars-and-waves 8 reales. There are even rare Panama and Colombia cobs here.
The World Silver Coins section is dominated by Latin American issues, as always, with several significant trophies in Chile (Valdivia 8 reales 1822, lot 1355), Colombia (Bogotá 8R “pillar dollar” 1770 in MS-63 grade, lot 1367) and Mexico (non-salvage 8R “pillar dollar” 1732, lot 1493), as well as a significant selection of rare early Peruvian Republic. There is even a US “fugio cent” of 1787 (lot 1685)! Also we feature a large selection of medals, mostly from South America, some in gold.
We round out the auction, as usual, with a smattering of paper items and artifacts, including cannons, fossils and other popular goodies. After all, collecting is supposed to be fun, and not just the pursuit of perfection. Here you can do both! Good luck and happy bidding!
The Daniel Frank Sedwick, LLC production team:
Daniel Sedwick | Agustín (Augi) García-Barneche | Cori Sedwick Downing