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Lima, Peru, cob 8 escudos, 1712M, choice specimen from the 1715 Fleet, ex-Frank Sedwick collection,

Currency:USD Category:Coins & Paper Money / World Coins - World Start Price:10,000.00 USD Estimated At:15,000.00 - 30,000.00 USD
Lima, Peru, cob 8 escudos, 1712M, choice specimen from the 1715 Fleet, ex-Frank Sedwick collection,
SOLD
17,000.00USD+ (2,550.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2010 Apr 08 @ 08:56UTC-4 : AST/EDT
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Lima, Peru, cob 8 escudos, 1712M, choice specimen from the 1715 Fleet, ex-Frank Sedwick collection, Practical Book of Cobs Plate Coin. S-L28; KM-38.2; CT-23. 26.8 grams. Frank Sedwick, known to Florida treasure fans as "Dr. Cobs," left a distinguished professorial career to become a full-time coin dealer in the 1980s, and soon carved his niche as the world's expert in cob coins, specializing in gold cobs from the 1715 Fleet. Literally thousands of gold cobs passed through his hands, and, like any self-respecting numismatist, naturally he kept some of the best specimens to study and photograph; but at some point the reason for their being off the market gravitated more toward collector's cupidity. Frank's collection remained intact even after his unexpected death in 1996. Now, however, with record prices at auction for coins inferior to Frank's "finest known" specimens, it made no sense to keep these gems off the market any longer. We are sure that Dr. Cobs would enjoy knowing that his coins are appreciated in every sense. This specific coin shows bold legends on a large, round flan, with particularly bold second date 712, choice full crown and pillars-and-waves and cross-lions-castles, lovely butter-yellow gold color faintly tinged with orange, fully Mint State and lustrous, maybe not the finest but certainly among the top five of this common date. From the 1715 Fleet, east coast of Florida, and pedigreed to the study collection of Frank Sedwick, with special photo-certificate, also Plate Coin in the second edition of The Practical Book of Cobs (1990).