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Thursday, 8th May 2008 (1764 views)

Gold recovered from ships sunk off the coasts of North America and Africa are among the items up for sale in a new Treasure Auction, it has been announced.

Among the 1,165 lots included in the sale are "dozens" of gold cobs - most of which were found aboard ships of the 1715 Spanish fleet that was lost off the coast of Florida - and gold nuggets rescued from the wreck of a Portuguese galleon sunk in African waters in 1558.

The sale is being organised by auctioneer and numismatic expert Daniel Frank Sedwick, which specialises in colonial coins of Spanish America.

Other lots in the sale include coins and artefacts from ships sunk off the Bahamas and the Philippines, as well as items from Coconut wreck of 1810, which went down in the mid-Atlantic.

Pre-auction estimates for the items vary from $625,000 (£319,000) to $900,000, the company said.

Mail bidding for the auction remains open until 5pm on May 29th, it added.

 

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