LOT Daniel Frank Sedwick, LLC / Treasure, World, U.S. Coin & Paper Money Auc... / Large silver ingot #529 from Potosí, 82 lb ...

106

Large silver ingot #529 from Potosí, 82 lb 0.32 oz troy, Class Factor 0.8, with markings of manifest

Currency:USD Category:Coins & Paper Money / Shipwreck Ingots Start Price:20,000.00 USD Estimated At:25,000.00 - 50,000.00 USD

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This item SOLD at 2024 May 07 @ 11:44UTC-4 : AST/EDT

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Large silver ingot #529 from Potosí, 82 lb 0.32 oz troy, Class Factor 0.8, with markings of manifest IULXXXVII (1087), fineness IIUCCCLXXX (2380/2400), owners/shippers, silvermaster and tax stamps, ex-Atocha (1622). 14" x 5-1/4" x 3". A rather large bar with wide top displaying lots of markings, including four owner/shipper "siglas" (diamond-topped D, BR monogram, MB monogram, and another monogram containing a B that appears to be have been effaced), clear fineness in eight boxes followed by what appears to be a MEXIA assayer cartouche, the manifest number with bold IULX but weak XXVII, silvermaster's V in corner and characteristic "double-pinch" assayer's "bite" in center, not much corrosion so probably just issued without date and mint (which would be required to merit a higher Class Factor), small bits of charcoal embedded in sides. From the Atocha (1622), with original Fisher photo-certificate 85A-S529. If Tax Number is requested and supplied, buyer will be exempt from paying tax on his invoice. (FLORIDA) NOTE: Read the terms and conditions or contact us regarding possible tax collection outside of Florida.

Taxes:

Tax	Rate	Desc.
FSTA	6.75%	Florida Sales Tax - Alachua
FSTB	7%	Florida Sales Tax - Baker
FSTB	6%	Florida Sales Tax - Bay
FSTB	7%	Florida Sales Tax - Bradford
FSTB	6%	Florida Sales Tax - Brevard
FSTB	6%	Florida Sales Tax - Broward
FSTC	7.5%	Florida Sales Tax - Calhoun
FSTC	7%	Florida Sales Tax - Charlotte
FSTC	6%	Florida Sales Tax - Citrus
FSTC	7%	Florida Sales Tax - Clay
FSTC	6%	Florida Sales Tax - Collier
FSTC	7%	Florida Sales Tax - Columbia
FSTD	7%	Florida Sales Tax - De Soto
FSTD	7%	Florida Sales Tax - Dixie
FSTD	7%	Florida Sales Tax - Duval
FSTE	7.5%	Florida Sales Tax - Escambia
FSTF	7%	Florida Sales Tax - Flagler
FSTF	7%	Florida Sales Tax - Franklin
FSTG	7.5%	Florida Sales Tax - Gadsden
FSTG	7%	Florida Sales Tax - Gilchrist
FSTG	7%	Florida Sales Tax - Glades
FSTG	7%	Florida Sales Tax - Gulf
FSTH	7%	Florida Sales Tax - Hamilton
FSTH	7%	Florida Sales Tax - Hardee
FSTH	7%	Florida Sales Tax - Hendry
FSTH	6.5%	Florida Sales Tax - Hernando
FSTH	7%	Florida Sales Tax - Highlands
FSTH	7%	Florida Sales Tax - Hillsborough
FSTH	7%	Florida Sales Tax - Holmes
FSTI	7%	Florida Sales Tax - Indian River
FSTJ	7.5%	Florida Sales Tax - Jackson
FSTJ	7%	Florida Sales Tax - Jefferson
FSTJ	7%	Florida Sales Tax - Lafayette
FSTL	7%	Florida Sales Tax - Lake
FSTL	6%	Florida Sales Tax - Lee
FSTL	7.5%	Florida Sales Tax - Leon
FSTL	7%	Florida Sales Tax - Levy
FSTL	7%	Florida Sales Tax - Liberty
FSTM	7.5%	Florida Sales Tax - Madison
FSTM	6.5%	Florida Sales Tax - Manatee
FSTM	6.5%	Florida Sales Tax - Marion
FSTM	6.5%	Florida Sales Tax - Martin
FSTM	7%	Florida Sales Tax - Miami-Dade
FSTM	7.5%	Florida Sales Tax - Monroe
FSTN	7%	Florida Sales Tax - Nassau
FSTO	6%	Florida Sales Tax - Okaloosa
FSTO	7%	Florida Sales Tax - Okeechobee
FSTO	6.5%	Florida Sales Tax - Orange
FSTO	7%	Florida Sales Tax - Osceola
FSTP	6.5%	Florida Sales Tax - Palm Beach
FSTP	7%	Florida Sales Tax - Pasco
FSTP	7%	Florida Sales Tax - Pinellas
FSTP	7%	Florida Sales Tax - Polk
FSTP	7%	Florida Sales Tax - Putnam
FSTS	6%	Florida Sales Tax - Saint Johns
FSTS	7%	Florida Sales Tax - Santa Rosa
FSTS	7%	Florida Sales Tax - Seminole
FSTS	7%	Florida Sales Tax - Sumter
FSTS	7%	Florida Sales Tax - Suwannee
FSTT	7%	Florida Sales Tax - Taylor
FSTU	7%	Florida Sales Tax - Union
FSTV	6.5%	Florida Sales Tax - Volusia
FSTW	7%	Florida Sales Tax - Wakulla
FSTW	7%	Florida Sales Tax - Walton
FSTW	7%	Florida Sales Tax - Washington

Buyer's Premiums:

From (Incl.)	To (Excl.)	Premium
0.00	Infinite	20%

Additional Fees:

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TERMS AND CONDITIONS - (Lastest update 03/01/24)

By participating in this auction, you (hereafter referred to as the "Bidder") are entering into a binding contract with Daniel Frank Sedwick, LLC ("Auctioneer") and agree to the following Terms and Conditions:

1. Each lot will be sold to the highest Bidder unless the reserve or starting price is not met. Bids may be submitted in person or by mail, telephone, fax, email, or live on the Internet until each lot is closed during the live session. All non-live bids must be received before the auction session begins. The Auctioneer or any of its employees individually cannot be responsible for errors in bidding or the loss or delay of any bids that do not reach us by the closing date and time, or for any technical glitches that prevent internet bids from being executed. All bidders must be registered before their bids will be entered. New bidders must register 72 hours prior to the auction so that references can be verified, otherwise their bids may not be accepted. All bids are in U.S. dollars. THE SALE HOSTED AT AUCTION.SEDWICKCOINS.COM IS THE DEFINITIVE VERSION AND SHOULD BE CONSULTED BEFORE BIDDING FOR ANY POTENTIAL CHANGES, CORRECTIONS, OR UPDATES.

2. Winning bids will be reduced automatically by the iCollector platform to the next increment above the second-highest bid. In the case of tie bids, the earliest bidder will win the lot. Bidders are advised to provide allowable percentage increases to avoid losing lots due to a tie.

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10. Most lots are unreserved, but some lots do have a reserve or minimum bid assigned by the consignor. Any reserve will generally be at or below the stated low estimate and starting price. All estimates are given in U.S. dollars. This is not an absolute sale. Some lots may have a reserve or minimum bid assigned by the consignor and/or via direct bidding by the consignor under prior agreement, for which notice is heby given in accordance with 2023 Florida Statutes subsection 672.328(4). All estimates are given in U.S. dollars

11. As an active dealer, Daniel Frank Sedwick, LLC is able to estimate a reasonably low wholesale level for each lot and reserves the right to reject any bids below this level (generally at least 70% of low estimate). Furthermore, we reserve the right to reject any bids that we have reason to believe are not submitted in good faith. Starting bids are provided on iCollector when the auction is published, and bids below those starting bids cannot be entered. Prices realized do not necessarily reflect accurate market values so much as what the high bidder is willing to pay based on his own needs.

12. All items are guaranteed genuine and as described. Daniel Frank Sedwick, LLC does NOT guarantee that any lots can be successfully encapsulated. Auctions are NOT approval sales, and therefore returns will NOT be accepted UNLESS there was an error in the listing. Note that grading and estimation of corrosion are subjective and differences of opinion cannot be considered errors. Lots encapsulated by PCGS, NGC, or any other third-party company may not be returned for any reason. Disputes as to authenticity shall be resolved by submission to PCGS or NGC, and if their determination is inconclusive, then the opinion of Daniel Frank Sedwick, LLC shall stand. Any disputes, including proposed returns, must be brought to our attention no later than 2 days after receipt of the lot(s) by the Buyer and BEFORE return shipment to us, with any applicable refunds to be made immediately upon receipt of the returned item(s) by us. All returns must be received by us in unaltered condition and in their original, unopened, sealed flips no later than one month after the date of the first auction session (note that late remittance, therefore, can negate return privileges). Any refunds for returns paid for by credit card will be subject to a 2% return fee; those paid by PayPal will incur a 4% return fee. In the event of loss or damage, Daniel Frank Sedwick, LLC’s liability shall be limited to the hammer price plus buyer’s fee only.

13. In case of loss or theft the guaranty is limited to either the reserve price (if unsold) or the hammer price plus buyer’s fee (if sold). Any extra expenses incurred by the winning bidder or consignor in order to bid, inspect, consign, or pick up the lots are not covered and are the sole responsibility of the winning bidder/consignor. Any potential or speculative value is not guaranteed.

14. Lots may be inspected before the auction at our private office in Florida by appointment only between Monday through Friday, 10 a.m. to 4 p.m. Eastern Time. High-quality photos of all items are viewable on our website and on iCollector 24 hours a day, 7 days a week. All photographs in the catalog and online are of the actual lots being sold but may not be actual size or to scale. Color and brightness of online photos may vary according to your monitor and video-card specifications. We welcome requests for additional photos or HD video of the items to be sold. Photos taken by grading services may be included in the online lot listings; they may differ in color and brightness plus the holder prongs may not be visible.

15. If the buyer does not supply a Florida resale certificate, then Florida sales tax will apply as follows: If picked up in person, 6.5% will be added to the total (hammer plus buyer’s fee) for all items that are NOT coins or bullion, and to all non-U.S. coins whose cumulative total is less than $500. The same applies to lots shipped to Florida addresses, but the rate (6% to 7.5%) will be according to the county of delivery. There is no Florida sales tax on U.S coins or on any lots shipped out of state, or total coin/bullion purchase over $500.

16. All bidders and consignors acknowledge and agree that the Auctioneer (Daniel Frank Sedwick, LLC) does NOT guarantee that auctions will be unimpaired, uninterrupted or error-free and accordingly shall not be liable for such eventualities. Any errors in the printed catalog will be rectified on the website and iCollector as they come to our attention, and those corrected listings shall be deemed the binding descriptions at the time of the auction. The Auctioneer, in its sole and absolute discretion, may accept or decline any bid, remove bids and reopen bidding, withdraw lots, or change lot sequence or bidding increments at any time, even after the winning bid and winning bidder have been announced. Any bidding disputes shall be adjudicated by the Auctioneer, whose decision shall be deemed binding and final.

17. This auction is conducted in accordance with the auction laws of the State of Florida. The licensed auctioneer is Daniel Frank Sedwick, AU#3635, AB#2592. The Auctioneer and Bidder agree that the venue for all claims and disputes shall be the applicable court having jurisdiction in Orange County in the State of Florida, and that the prevailing party shall be entitled to all attorneys’ fees and costs. THE BIDDER AGREES TO WAIVE THE RIGHT TO A JURY TRIAL.

18. All Bidders must meet Auctioneer’s qualifications to bid. Any Bidder who is not a client in good standing of the Auctioneer may be disqualified at Auctioneer’s sole option and will not be awarded lots. Such determination may be made by Auctioneer in its sole and unlimited discretion, at any time prior to, during, or even after the close of the Auction. Auctioneer reserves the right to exclude any person or company from the Auction. Daniel Frank Sedwick, LLC reserves the right to reject any bids suspected not to be submitted in good faith. If an entity places a bid, then the person executing the bid on behalf of the entity agrees to personally guarantee payment for any successful bid.

19. If a certificate of authenticity is not already included in the lot description, we can provide one upon request by the buyer for a fee. Please see our website for pricing information or contact the company before placing your bids. The last price update was in March 2023. See www.sedwickcoins.com/certification/coa.htm for more details.

This lot is part of the auction: Treasure, World, U.S. Coin & Paper Money Auction 35 Back To Catalog Listing

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From (Incl.)	To (Excl.)	Increment
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50.00	100.00	5.00
100.00	200.00	10.00
200.00	300.00	20.00
300.00	500.00	25.00
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LOT Daniel Frank Sedwick, LLC / Treasure, World, U.S. Coin & Paper Money Auc... / Large silver ingot #529 from Potosí, 82 lb ...

Large silver ingot #529 from Potosí, 82 lb 0.32 oz troy, Class Factor 0.8, with markings of manifest

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