Comments on: Sedwick’s November Treasure Sale Includes Ingot and Coin Rarities https://www.coinnews.net/2019/10/03/sedwicks-november-treasure-sale-includes-ingot-and-coin-rarities/ CoinNews delivers the latest World and US coin news Mon, 07 Oct 2019 00:14:23 +0000 hourly 1 https://wordpress.org/?v=7.0 By: RonnieBGood https://www.coinnews.net/2019/10/03/sedwicks-november-treasure-sale-includes-ingot-and-coin-rarities/#comment-470172 Mon, 07 Oct 2019 00:14:23 +0000 http://www.coinnews.net/?p=72917#comment-470172 In reply to Gary G.

Current prices are for 99.99% pure Au.
I suspect that this was not attainable in 1622.

]]> By: Gary G https://www.coinnews.net/2019/10/03/sedwicks-november-treasure-sale-includes-ingot-and-coin-rarities/#comment-469704 Fri, 04 Oct 2019 05:47:32 +0000 http://www.coinnews.net/?p=72917#comment-469704 “The Atocha, sunk in 1622 off Key West, Florida, will be represented by three gold “finger” bars, one of which is a long specimen weighing 1,325 grams and estimated at $50,000 and up that last appeared in the 1987 Caesars Palace auction of Atocha artifacts.”

1,325 grams is about 42.6 troy ounces. Wouldn’t $50,000 be at a discount to the price of gold?

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