Winter Park, Florida – May 18, 2018 – A unique, early American
regulated $15 gold coin marked by Boston goldsmith Joseph Edwards,
Jr. drew intense bidding during Daniel Frank Sedwick, LLC’s
Treasure, World, US Coin & Paper Money Auction 23, held online May
The coin’s rarity stems from a small IE countermark on a plug in
what was once a Lima, Peru, cob 8 escudos dated 1741V. The NGC slab
label denoted the coin’s grade of XF 40 as well as its unique
association with Joseph Edwards, Jr. With the coin accompanied by an
article on its history and pedigree to the Julius Brown sale of
1911, the coin sold for $152,750 on a $100,000 and up estimate.
Daniel Sedwick, president of Daniel Frank Sedwick, LLC, said the
regulated $15 gold coin first appeared on the market in the 1911
sale, where the significance of the regulation mark went unnoticed.
The coin sold for just $19 then.
“It was especially rewarding to see an exceptional result on lot 83,
the first gold cob 8 escudos known to be regulated to a $15 standard
with the mark of Joseph Edwards, Jr,” he said. “A
record number of bidders propelled prices to strong levels in many
areas, but particularly in gold cobs and shipwreck ingots, our
Overall, the auction featured 2,001 lots and realized $1.65 million.
All prices listed include a 17.5 percent buyer’s premium.
The majority of top-selling gold cobs were those recovered from the
1715 Fleet, which sank off the east coast of Florida. Lot 18, an
NGC-graded MS 62 Lima, Peru, cob 8 escudos dated 1712M sold for
$25,850 on a $12,500 to $20,000 estimate. Another high performer was
an NGC-graded MS 61 Mexico City, Mexico, cob 8 escudos dated 1715J
(lot 6) that went for $18,800 on a $10,000 to $15,000 estimate.
Shipwreck ingots attracted interest as a trio of Atocha
(1622) silver “loaf” bars (lots 243-245) in Class Factors 0.7, 0.9
and 1.0 (the highest quality) sold for $30,000, $32,500, and $48,500
respectively. Another Atocha ingot, a cylindrical “piña”
ingot (lot 246), brought in $30,550 while a half-cut gold finger bar
(lot 238) from the “Golden Fleece wreck” sold for $31,725.
Agustín García-Barneche, vice president of Daniel Frank Sedwick,
LLC, was equally enthusiastic for shipwreck coins as well as world
gold and silver coins.
“Our spring auction resulted in energetic bidder competition,
especially in our Shipwreck and Latin America coin sections,” he
said. “We positioned our company in a market that allows us to reach
and attract consignors and bidders of Latin American numismatics.”
Latin American coin highlights in the World Gold Coins section
included an NGC-graded XF details Costa Rican 8 escudos dated 1828F
(lot 152) sold for $10,575 on a $8,000 to $12,000 estimate. In World
Silver Coins, a Costa Rican 8 reales with an 1846JB 2-reales
counterstamp and a “8” countermark on a Guatemala cob 8 reales (lot
1143) sold for $8,225 on a $7,000 to $10,000 estimate. Another
rarity sold was a Mexico City, Mexico, pillar 8 reales dated 1733MF
and graded NGC AU 53 (lot 1319) which blazed past its $2,000 to
$3,000 estimate to reach $4,406.
Other top lots include:
Lot 1, a Mexico City, Mexico cob 8 escudos, with visible
assayer’s mark J from the 1715 Fleet graded NGC MS 61 sold for
Lot 5, a Mexico City, Mexico 1714J cob 8 escudos from the 1715
Fleet graded NGC MS 63 sold for $10,810.
Lot 15, a Lima, Peru 1711M cob 8 escudos from the 1715 Fleet
sold for $20,562.
Lot 18, a Lima, Peru 1712M cob 8 escudos from the 1715 Fleet
graded NGC MS 62 sold for $25,850.
Lot 194, a Mexican 1823JM Iturbide 8 escudos plated in James
Bevill’s book The Paper Republic (2009) sold for $7,050.
Lot 242, a silver “tumbaga” bar weighing 2,801 grams from the
“Tumbaga” wreck (ca. 1528) sold for $9,400.
Lot 466, a large clump of encrusted cob 8 reales weighing 1,266
grams from the 1715 Fleet sold for $6,462.
Lot 470, a Mexico City, Mexico cob 4 reales from the Whydah
(1717) sold for $13,630.
Lot 608, an 1856-S Liberty Head double eagle salvaged from the
“Fort Capron treasure” (1857) sold for $3,819.
Lot 878, a Potosi, Bolivia 1666E cob 8 reales Royal sold for
Lot 989, a Santo Domingo, Dominican Republic enriched billon 11
maravedis sold for $8,225.
- Lot 1568, a San Juan, Puerto Rico, Banco Español 20 pesos
specimen (ca. 1889) PMG Gem UNC 65 EPQ sold for $1,410.
Lot 1599, a small, 7” piece of gold “olive blossom” chain from
the 1715 Fleet sold for $4,759.
Full auction results can be viewed online at
auction.sedwickcoins.com or directly