Youíve saved and saved all your life, or you just started a savings program,
and all of a sudden, your investments in stocks and bonds donít seem such a
wonderful idea. Did you forget one of the cardinal rules of investing,
diversification? For many, diversification means holding a portfolio of stocks,
bonds, CDs, and cash. For the savvy investor, a diverse portfolio includes
tangible assets such as coins and artifacts.
Why treasure coins and artifacts?
The field of treasure salvaging is relatively new. The first wrecks were
discovered less than fifty years ago. Itís an expensive, time-consuming, and
many times dangerous business and new salvage operations are few and far
between. Treasure coins and artifacts are limited, and that helps create
more demand than in other fields of collecting, say U.S. coins for example.
The lore of shipwrecks, pirates, and booty is enticing. Think Johnny Depp in
Pirates of the Caribbean! The idea of coins and artifacts buried under the
sea has spawned not only many movies, but books and stores. Through the
collecting of pirate treasure, you can learn a vast amount about the history
of the New and Old World and the geography of the worldís navigable waters.
There are vast resources which can help you enrich your collection.
As with many other collectible coins and artifacts, prices arenít affected
as much by fluctuations of gold and silver in the marketplace. Thatís
because a coin has a numismatic value that transcends what itís made of.
Hence, buy the best you can buy so your purchase will be judged by its
beauty, its level of detail, and its rarity. And remember that no two cobs
are alike, and if they are, one or both is a fake!
Treasure coins and artifacts have a universal appeal, unlike U.S. coins or
coins from a single other country. Therefore, as your collection grows and
appreciates over the years, it will become of value to people all over the
world, not just in your country.
What are the pitfalls of collecting treasure coins and artifacts?
As with any highly specialized field, there is a good deal to learn before
investing. There are disreputable or uneducated dealers who will be happy to
sell you a pig in a poke. Armed with knowledge, you can make educated
decisions apart from what someone is telling you.
Always look for a provenance or chain of history to your collectibles.
Anyone who has watched the Antiques Roadshow knows that appraisers always
ask about how long an object has been in the possession of the owner, where
the owner got the object, and whether the owner has any documentation about
the origin of the object. In the world of treasure coin and artifact
collecting, ask whether an item you want to purchase has a certificate with
it. That certificate should tell you on which wreck the object was found and
While owning hard assets helps diversify your portfolio, for the most part,
those assets wonít appreciate overnight. Plan to hold on to your investment
for at least five years. This is a long-term approach to your savings
program, and it will produce sound results when you finally decide to sell.
Anything else I need to know?
Using Sedwickís Rules of Collecting below, youíre on your way to becoming a
collector of treasure coins and artifacts!
- Buy the book before the coin or buy the coin from the person who wrote
- An educated collector is a satisfied collector
- Always buy from a reputable dealer
- If you like what you buy, youíll be more apt to keep it until it
-Reproduction of the articles in whole or part is strictly prohibited without
written permission of the author/s.
Daniel Frank Sedwick, LLC
P.O. BOX 1964 | Winter Park, Florida 32790
Phone: 407.975.3325 | Fax: 407.975.3327
We welcome your order,
want lists, comments, material for sale or consignment and suggestions.