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Daniel Frank Sedwick, LLC
Treasure Auction 31  4-6 May 2022
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Lot 169

Starting price: 16 000 USD
Price realized: 35 000 USD
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Seville, Spain, gold cob 2 escudos, 1622 G, PCGS MS62, finest and only example in PCGS census, Mathewson Cover Coin. Cal-1823; KM-82.1. 6.75 grams. If ever there were an ultimate coin for this year's 400th anniversary of the sinking of the 1622 Fleet, this one is it, as it is boldly dated with a near-complete 22 thanks to a slightly off-center but still-full cross, the full shield somewhat crude due to being struck from a rusty die (typical) but still lustrous and devoid of any actual wear (hence the MS62 grade); but best of all is this coin's stature as one of the top coins in a pile featured on the dust jacket of all editions of Duncan Mathewson's iconic book Treasure of the Atocha, originally published in 1986 just after the massive "Mother Lode" find that made Mel Fisher and the Atocha legendary names, also pictured on photo-plates C-20 and C-35 in the same book, and on page 1 of Treasure Salvors' large promotional pamphlet from 1981 entitled The Treasure of 1622. It goes without saying that relatively few gold cobs were found on either the Atocha or the Santa Margarita, this one salvaged from the latter wreck in 1980, the recovery highlighted in the February 1982 National Geographic article "Treasure from the Ghost Galleon" and on the 2010 National Geographic DVD documentary Atocha: Quest for Treasure. It would be hard to imagine a more important shipwreck gold cob than this 1622 example, which must have left Spain on one of the ships in the spring of that year, the Atocha having departed Spain on March 23 and the Santa Margarita on April 23, and was probably the personal property of someone on board as opposed to being part of the cargo. Now, 400 years later, the time has come for a worthy collector to take possession of this iconic prize. PCGS #43819915. With original Fisher tag and photo-certificate 106-M-80, also with correspondence between this coin's previous owner and Treasure Salvors curator Leah Miguel, who added some information to the certificate and counter-sealed it, also accompanied by one copy each of Mathewson's book Treasure of the Atocha (1986, first printing), Treasure Salvors' The Treasure of 1622 (1981), the February 1982 issue of National Geographic, and the 2010 National Geographic DVD documentary Atocha: Quest for Treasure. From: Santa Margarita, sunk in 1622 west of Key West, Florida
($20000-40000)
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