322
Medellin, Colombia, 1 peso, 1862-M, encapsulated NGC AU details, repaired, extremely rare, ONE KNOWN
Currency:USD
Category:Coins & Paper Money / Dr. Frank Sedwick Collection of Colombian Coins
Start Price:1,200.00 USD
Estimated At:1,500.00 - 2,250.00 USD
SOLD
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This item SOLD at 2011 Apr 26 @ 18:31UTC-4 : AST/EDT
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All items are genuine unless noted. Most shipwreck coins and artifacts come with a certificate of authenticity (please check the description for each item). By bidding in this auction you understand and agree to the Terms and Conditions posted here.
Medellin, Colombia, 1 peso, 1862-M, encapsulated NGC AU details, repaired, extremely rare, ONE KNOWN (->read note below). Sedwick-21. Restrepo-230. KM-135. This is numismatic sleuthing at its best: In his book Frank stated: "Only two specimens, one of them damaged, have been recorded," referring to his own coin and one that had been plated in KM for decades, showing a solder-mark in the center of the reverse and some natural flaws to the left of the date and at about 11 o'clock on the reverse. Had Frank examined his coin and the KM photo more carefully, however, he would have realized THEY WERE THE SAME COIN, just with some judicious repairs made to it sometime prior to his ownership. While condition freaks can argue over which is less distasteful--damage or repair--the inescapable fact is that this coin has therefore become UNIQUE, as no records of any other specimens have come to light either before Frank's book or since. As a single-known specimen, then, this coin is missing in all other collections and effectively limitless in value, despite its condition. We look forward to letting the serious collectors decide its fate here and now. Dr. Frank Sedwick collection of Colombian Republic gold coins
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NOTE: It has come to our attention that we misinterpreted Frank's statement on this coin: The "damaged" specimen he was referring to was his own (the KM plate coin); the other known specimen was in the Norweb collection (lot 555 in that sale), where it sold for $2300 + buyer's fee with a simple description of "one of two pieces known." That coin is now in private hands and its owner assures us it will not be for sale for a long time.
Auction Location:
P.O Box 1964, Winter Park, Florida, 32790, United States
Taxes:
| Tax | Rate | Desc. |
| FST6 |
6% |
Florida Sales Tax |
| FSTH |
6.5% |
Florida Sales Tax |
| FST7 |
7% |
Florida Sales Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
15% |
Additional Fees:
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TERMS AND CONDITIONS - Treasure Auction #9
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