Rare World, Shipwreck Coins Set Record Sedwick Auction
Treasure Auction 29. This is a new record for the auction firm and an indicator of a robust market for collectible coins and currency.
The top-selling coin in the sale was the single finest
Mexico City-struck cob
8 reales Royal dated 1730 that realized
$102,000 USD on a pre-sale estimate of $35,000 and up. A numismatic rarity, the coin has an overdate 1730/28/5 plus the king’s name and ordinal reworked with
PHILIPPVS V over
LVDOVICS I. It was graded AU 58 by
NGC, which is rare among all Spanish colonial Royals as almost all known examples were holed and some even gilded shortly after minting.