Good source for cob collectors

[mad4wrecks]

Check out www.jupitercoins.com

If there is something you want that you don't see there, try emailing Capt. Dom ([email protected]) directly and see what he has to offer.

Tell him Tom sent you.

 

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[divewrecks]

I don't think I see anything there that would interest a collector. Just some mounted low grade coins that might possibly satisfy the whim of a tourist vacationing in Key West. No collector would would drill a hole in a coin to add a suspension loop. That ruined what might have been a fair grade 1 reale.

I'll be glad to look again if you let me know when there is some high grade stuff for sale.

Stan

 

[mad4wrecks]

If there is something you want that you don't see there, try emailing Capt. Dom directly and see what he has to offer.

[email protected]

 

[capt dom]

Thanks Tom for the plug...

What many people are not aware of is wearing a coin is not a new idea.
Sailors were known to often wear a coin around their neck. The sailing tradition
that goes way back was - if the sailor was to get killed or die the worn coin would
be used to cover the expense of a fit and proper burial.

We have found a number of holed coins on the shipwreck site over the years
and the fact that a sailor or individual from the 17th century way have actually
wore the specimen adds to the intrigue and story of the artifact.

Now, that concept may be lost on some. They say, "Minting of coins is the second
oldest profession". The human historical perspective - the passion of the event - is
what gives these coins meaning and there to for value - but all that is in the eye of the
holder... Thus my jewel of wisdom for the day...

Said the blind carpenter - when he picked up his hammer and saw....

 

[divewrecks]

How about showing us some good examples of coins you have for sale now instead of the folklore? To the collector (who supposedly this post is titled to), a hole in a coin depreciates its value.

Stan

 

[mad4wrecks]

Stan, so if a coin is clipped into some odd shape, or counter struck or mis-struck, that is a good thing, but if the coin was holed, that is a bad thing? I am asking sincerely as a novice. Tom

 

[capt dom]

Now I am not directing this statement at anyone in particular but....

Most numismatist (s) are very anal.... there is a term called cabinet scratching,,,,
This occurs when an excited numismatist mars the surface of a coin while sliding it around
on a desk! While admiring its finish!

Now our shipwreck coins have been rolling around the bottom of the ocean - in surf zones
for 300 to god or the devil only knows how long.... so much for MS 65...

Now, Stan personally gets hung up on a coin with a hole it it! So what if it possibly was made
by an actual sailor - centuries ago! Stan does'nt like it...

Jewelry is jewelry. Gold is expensive. If someone wants to wear a coin so flippen what if it has a
hole in it.

I wear a coin some over zealous coin collecters think is so rare they are afraid the hair on my chest
is going to scratch it...

I would say the same thing to them as I would say to Stan about his unilateral position about a hole....

 

[MORE AND BEYOND OSSY]

Gday Dom. Your like a Pit Bull just let out of the gate Stan is quite correct, even though the romance and the history
of a coin with a hole in it is very appealing, The coin collector would pick the one with out it !
By the way I have a beautiful one Reale with a hole in it, I just liked the Cob ! I know it would be worth more without it, but I
was well informed when I purchased it.
Cheers, Ossy

 

[capt dom]

Point being...
You purchaced it! Shipwreck coins carry a passion
Others - (coins) with little or no provenance do not.

Originally shipwreck coins were disdained upon by numismatists.
Coin collecting is not a new pursuit. Hell, I collect them off the bottom
whenever I can! Some early collectors (before plastic flip flops) holed their
collected coins and nailed them to a board - some were holed by belly
dancers

Thinking a belly dancer maybe had a coin or two hanging in a provocative
location may still arouse some passions - it does with me but that is just
my opinion. I am not arguing that an un-holed coin may not be worth more
to someone. My point is the sales event determines the price - not individual
collector opinions - That is why many follow auction results.

Dan Sedwick is doing a lot for shipwreck coin collectors by removing the stigma
our coins use to carry.... Even NGC now finally grades coins from shipwrecks...
why Because there are buyers out there and they are increasing.

 

[Cappy Z.]

Thanks Tom for the link. I have a small 'frozen' quanity that I will eventually have to clean as they are oxidized. Then I will surely contact Jupiter.

 

[dagfoto]

true; the passion is the ' thrill of the hunt ' - whether it be land or sea. - and the possession is the rush that keeps the collector looking. That thrill of discovery , knowledge , and learning keeps your mind from locking-up.....

try a look at http://www.sunkentreasure.com

 

[divewrecks]

Stan, so if a coin is clipped into some odd shape, or counter struck or mis-struck, that is a good thing, but if the coin was holed, that is a bad thing? I am asking sincerely as a novice. Tom

Tom, most coins clipped to an odd shape are usually holed as well, since the purpose of the shape was usually jewelry to begin with. It is hard to distinguish contemporary art from modern forged pieces (cut from real coins) so established provenance is required to add any additional value. The rarest ones are the coins that approximate full (target) weight for the denomination in question, which suggests that the planchet was cut to the desired shape prior to striking at the mint. There are some good examples in Menzel's "Cobs, Pieces of Eight and Treasure Coins", pages 33-36.

Distinguishable counterstrikes generally contribute to the value of a coin, but not always. A presentation grade cob with a chinese chopmark would be an example of reduced value.

All cobs are "miss-struck", that is what makes them all unique! Generally, the better the strike, the higher the value unless there is some kind of terrible blunder that is exceedingly rare or appeals to a collector who appreciates such a thing.

Stan

 

[divewrecks]

Now I am not directing this statement at anyone in particular but....

Now, Stan personally gets hung up on a coin with a hole it it! So what if it possibly was made
by an actual sailor - centuries ago! Stan does'nt like it...

I'm not the least bit hung up on it. Just not an attribute desired by most serious collectors.

I wear a coin some over zealous coin collecters think is so rare they are afraid the hair on my chest
is going to scratch it...

Way too much information bro...

I would say the same thing to them as I would say to Stan about his unilateral position about a hole....

Unilateral? Interesting...

Stan

 

[divewrecks]

Point being...You purchaced it! Shipwreck coins carry a passion Others - (coins) with little or no provenance do not.

Did Sam say it was a wreck coin?

Originally shipwreck coins were disdained upon by numismatists.

Yup, mostly because of their inferior condition. The discovery of previously unknown gold cobs in the early days of 1715 fleet discoveries probably marked a turning point.

Some early collectors (before plastic flip flops) holed their collected coins and nailed them to a board

I'll bet their collections appreciated in value.

- some were holed by belly dancers. Thinking a belly dancer maybe had a coin or two hanging in a provocative location may still arouse some passions - it does with me but that is just my opinion.

A bit odd, but to each his own.

My point is the sales event determines the price - not individual collector opinions - That is why many follow auction results.

Probably your most valid point thus far in this discussion.

Dan Sedwick is doing a lot for shipwreck coin collectors by removing the stigma
our coins use to carry....

I respect Dan's efforts and plan to bid on a few pieces in his upcoming auction. I do appreciate that he resists temptation to overly promote shipwreck coins with a romantic influence.

NGC now finally grades coins from shipwrecks...why Because there are buyers out there and they are increasing.

There isn't a good grading system for cobs and certainly not one acknowledged by experienced collectors.

Stan

 

[divewrecks]

Thanks Tom for the link. I have a small 'frozen' quanity that I will eventually have to clean as they are oxidized. Then I will surely contact Jupiter.

I would suggest you consider a conservator by the name of Joel Ruth if his services are available. TNet name is "Patrimony".

Stan

 

[divewrecks]

true; the passion is the ' thrill of the hunt ' - whether it be land or sea. - and the possession is the rush that keeps the collector looking. That thrill of discovery , knowledge , and learning keeps your mind from locking-up.....

try a look at http://www.sunkentreasure.com

Is that your site? A couple of neat pieces there....

Stan