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Published on Gold Anti-Trust Action Committee (http://www.gata.org)

1713 gold 'Royal' coin from wrecked Spanish Plate Fleet to be auctioned next month

By cpowell
Created 2020-10-16 23:49

By Jeff Starck
Coin World, Sidney, Ohio
Friday, October 16, 2020

A rare gold Spanish colonial coin, with documented provenance to the famed 1715 Plate Fleet wrecks, highlights Daniel Frank Sedwick LLC's Treasure Auction 28 on Nov. 17.

The 1713-MXO J coin is a Royal gold 8-escudo, a coin literally "fit for a king" that was recovered in 1998 from a sunken Spanish treasure fleet. The coin, only the second known of that year, is graded by Numismatic Guaranty Corp. as Mint State 66 and is the only example of its date slabbed by any third-party grading company.

... Dispatch continues below ...


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The auction firm estimates that the coin will realize $300,000 and up.

"This coin is the pinnacle of Spanish colonial numismatics," said Daniel Sedwick, president and founder of the company. "As a Royal 8 escudos, it is a coin so large, beautiful, and perfect as to be considered among the most desirable gold coins in the world -- both then and now. It represents the finest in colonial minting abilities at the time. Plus, when you consider this specimen's documented discovery on one of the most famous shipwreck sites ever, you realize just how truly special and rare this coin is. We have sold hundreds of gold cobs from the 1715 fleet but this is the first time in 14 years of auctions that we're offering a 8 escudos Royal." ...

... For the remainder of the report:

https://www.coinworld.com/news/precious-metals/gold-royal-from-1715-plat... [2]

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Source URL:
http://www.gata.org/node/20588