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Sedwick Wins Finest 1715 Mexican Royal 8 Escudos in Nail-Biter

The extraordinary Felipe V 8 Escudos gold coin. Image: Jesus Vico.
The extraordinary Felipe V 8 Escudos gold coin. Image: Jesus Vico.

On June 27, the U.S. numismatic firm Sedwick & Associates, LLC (formerly Daniel Frank Sedwick, LLC) had the honor of representing the winning bid for the 1715 Mexican 8 Escudos “royal” (galano) from the Fernando Segarra Collection at the Jesús Vico auction in Madrid. Graded NGC MS68, the coin fetched a world-record price of 756,000 Euros (over $800,000 in U.S. dollars) (including commission), the highest ever paid for a Spanish colonial or Latin American coin. Bidding quickly escalated from 250,000 to 600,000 Euros, culminating in a nail-biting two-party fight.

“We were thrilled to come out ahead,” said Sedwick Company President and Founder Daniel Frank Sedwick.

The royal 8 escudos recently won by Sedwick is the finest of six special presentation pieces known for 1715, and fewer than 50 known in all dates (1695-1732), mostly from the Spanish 1715 Fleet that sank off the Florida coast. It is the only one graded MS68 by NGC, the highest grade for any 8 escudos.

The Vico sale kicked off the outstanding MADRID 2024 Evento Numismático Internacional, a new coin show and conference in Madrid, Spain. We’d also like to announce that our company name has changed to Sedwick & Associates, LLC to better represent our market position and future growth.

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Sedwick & Associates
Sedwick & Associateshttps://www.sedwickcoins.com/
Sedwick & Associates, LLC (formerly Daniel Frank Sedwick, LLC) is one of the world’s premier specialist companies in the colonial coinage of Spanish America, shipwreck coins, and artifacts of all nations. Their auctions offer live bidding on the dedicated website auction.sedwickcoins.com, with live video feed for floor auctions, lot-closing alerts, secure payment, and more.

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