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A maritime Dutch East India Company V.O.C. (Vereenigde Oost-indische Compagnie ) silver ingot bar. The silver ingot was salvaged from the shipwreck of the Rooswijk in 2005. The ingot having V.O.C conjoined stamp with A for Amsterdam, together with assay masters stamp of a rampant goat.
Measures approx. 16cm long. Weight approx. 1939g / 62.34ozt / 1246.80dwt.
Salvage tag number: -RK05AS0164
The Rooswijk, a VOC (Vereenigde Oost-indische Compagnie) ship was built in 1737.
The Rooswijk sank on the second trip. On the 9th January 1740, whilst on a voyage from Texel (in the Netherlands) to Batavia it faced a storm that left no survivors. There were 237 crew members, and an unknown number of passengers that lost their lives and many chests full of coins and silver ingots that sank to the bottom of the water.
The Rooswijk sank on the Goodwin sands off the coast of Kent, a notoriously treacherous stretch of water, where the sands constantly shift with the tides making them hard to navigate. Many ships have been wrecked there.
In January 1740, a chest full of letters and the crew’s personal effects washed ashore. The English government realized that the ship had sunk to the bottom of the ocean off the coast of Kent. These letters turned out to be the last words written before the Rooswijk sank.
In December 2004, the sands that had swallowed the wreck of the Rooswijk changed in such a way that they allowed amateur diver Ken Welling to find the treasure of the Rooswijk. The recovery was made public in 2005. Organised by the Dutch and British governments and the scientific expedition was led by Rex Cowan.
The cargo was primarily in the form of silver ingots and “coins of eight,” Mexican Reales from the 1720s and 1730s.
The Dutch had little to offer in Asia but silver and gold. Therefore, VOC ships had to sail to Asia with silver bars and gold coins to pay for Asian goods. The bars were cast in private factories, run by assayers, from melted-down silver coins, mainly Spanish American “Reales”. Once in Asia, these bars were melted down again and minted into coins and silver objects that could be used to pay for purchases in the East.
The majority of silver ingots in this sale are from the first recovery dive in 2004 and one from the 2005 dive. Some of the dive team were given silver ingots salvaged from the wreckage as payment for their work.
TIMED ONLINE AUCTION - WORLDWIDE POSTAGE & DELIVERY AVAILABLE - VIEWING BY APPOINTMENT
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UK Small packet(single small item eg: a coin) = £13.99+VAT
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Conditions of Sale
East Bristol Auctions Ltd carries on business with bidders, buyers and all those present in the auction room and online prior to or in connection with a sale on the following General Conditions and on such other terms, conditions and notices as may be referred to herein.
In these Conditions:
(a) ‘Auctioneer’or ‘we/us’ means the firm East Bristol Auctions Ltd or its authorised auctioneer, as appropriate;
(b) ‘Hammer price’ means the level of bidding reached (at or above any reserve) when the auctioneer brings down the hammer;
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(e) ‘sale proceeds’ means the net amount due to the seller, being the hammer price for the lot sold less commission at the stated rate, Value Added Tax chargeable and any other amounts due to us by the seller in whatever capacity and however arising;
(f) ‘You’, ‘Your’ etc refers to the buyer as identified in condition 2;
(g) The singular includes the plural and vice versa as appropriate.
Information for buyers
2. Bidding Procedures and the Buyer
(a) Bidders are required to satisfy any security arrangements before entering the auction room to view or bid, and to register their particulars immediately on purchasing their first lot on the day.
(b) The maker of the highest bid accepted by the auctioneer conducting the sale shall be the buyer at the hammer price and any dispute about a bid shall be settled at the auctioneer's absolute discretion by re-offering the Lot during the course of the auction or otherwise.
(c) Bidders shall be deemed to act as principals.
(d) Our right to bid on behalf of the seller is expressly reserved up to the amount of any reserve and the right to refuse any bid is also reserved.
Bidding increments shall be at the auctioneer's sole discretion.
4. The Purchase Price
The buyer shall pay the hammer price together with a premium thereon of 19% + VAT on the premium at the rate imposed by law.
ARTISTS RE-SALE RIGHT. Buyers of the re-sold art of living artists will be charged the royalty where applicable. Currently this is 4% on any item sold at 1000 Euros or over, diminishing about 50,000 Euros. VAT is not applicable. Further details can be obtained from our office.
5. Value Added Tax
Valued Added Tax on the hammer price is imposed by law on all items affixed with an asterisk. Value Added Tax is charged at the appropriate rate prevailing by law at the date of sale and is payable by buyers of relevant Lots. (Please refer to ‘Information for Buyers’ for a brief explanation of the VAT position)
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(1) Immediately a Lot is sold you will:
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(b) Pay to us the total amount due in case or in such other way as is agreed by us.
(2) Any payments by you to us may be applied by us towards any sums owing from you to us on any account whatever without regard to any directions of you or your agent whether expressed or implied.
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Ample opportunity is given for inspection. Each purchaser, by making a bid for a lot, is deemed to have knowledge of all the Conditions of Sale and to have satisfied themselves as to the physical condition and accuracy of the description of the lot, including, but not restricted to, whether the lot is damaged, or has been repaired. No refund shall be granted on any lot for matters arising to condition.
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(a) To proceed against you for damages for breach of contract;
(b) To rescind the sale of that Lot and/or any other Lots sold by us to you;
(c) to resell the Lot (by auction or private treaty) in which case you shall be responsible for any resulting deficiency in the total amount due (after crediting any part payment and adding any resale costs). Any surplus so arising shall belong to the seller;
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(f) To retain that or any other Lot sold to you until you pay the total amount due;
(g) To reject or ignore bids from you or your agent at future auctions or to impose conditions before any such bids shall be accepted;
(h) to apply any proceeds of sale of other Lots due or in future becoming due to you towards the settlement of the total amount due and to exercise a lien on any of your property in our possession for any purpose.
(2) We shall, as agent for the seller and on our own behalf pursue these rights and remedies only so far as is reasonable to make appropriate recovery in respect of breach of these conditions.
9. Third Party Liability
All members of the public on our premises are there at their own risk and must note the layout of the accommodation and security arrangements. Accordingly, neither the auctioneer nor our employees or agents shall incur liability for death or personal injury (except as required by law by reason of our negligence) or similarly for the safety of the property of persons visiting prior to or at a sale.
10. Commission Bids
Whilst prospective buyers are strongly advised to attend the auction personally or via an online bidding platform and are always responsible for any decision to bid for a particular Lot and shall be assumed to have carefully inspected and satisfied themselves as to its condition, we will if so instructed clearly and in writing execute bids on their behalf. Neither the auctioneer nor our employees or agents shall be responsible for any neglect or default in so doing or failing to do so. Where two or more commission bids at the same level are recorded we reserve the right in our absolute discretion to prefer the first bid so made.
11. Warranty of Title And Availability
The seller warrants to the auctioneer and you that the seller is the true owner of the property consigned or is property authorised by the true owner to consign it for sale and is able to transfer good and marketable title to the property free from any third party claims.
The auctioneer normally acts as agent only and disclaims any responsibility for default by sellers or buyers.
(1) Whilst we seek to describe lots accurately, it may be impractical for us to carry out exhaustive due diligence on each lot. Prospective buyers are given ample opportunities to view, inspect and ask for written condition reports before any sale and they (and any independent experts on their behalf) must satisfy themselves as to the accuracy of any description applied to the lot. Prospective buyers also bid on the understanding that, inevitably, representations or statements by us as to authorship, genuineness, origin, date, age, provenance, condition, size or estimated selling price involve matters of opinion. Neither we the auctioneer nor our employees or agents nor the seller accept liability for the correctness of such opinions and all conditions and warranties, whether relating to description, condition, size or quality of lots, express, implied or statutory, and hereby excluded. All lots remain sold completely 'as is' - irrespective of any description, and no refund shall be issued on any lot where matters arising to condition are raised.
(2) Private treaty sales made under these Conditions are deemed to be sales by auction for purposes of consumer legislation.
(3) Electrical items - any and all electrical items (including, but not limited to, lamps, toys, furniture etc) are sold as decorative 'antique' or 'curio' objects ONLY and must only be used after a qualified electrician / professional has inspected the item for safety. East Bristol Auctions and its agents are not liable for any injury, damage or loss relating to use of any electrical item. Based upon guidance from Trading Standards, plugs, cables and power leads will be removed prior to sale. No guarantees, warranties or similar are implied nor given on the working ability of any electrical item.
(4) Measurements and Sizes - any measurements or stated sizes should be assumed as 'approximate' where given, and buyers are specifically requested to check sizes match their expectations prior to bidding.
14. Online Bidding
East Bristol Auctions Ltd. offer catalogues across multiple online bidding websites. Each of these websites levies a different charge for this service and any prospective bidders are asked to satisfy themselves as to those charges on each specific website.
In completing the bidder registration on www.the-saleroom.com and providing your card details and unless alternative arrangements are agreed with East Bristol Auctions Ltd. you:
1. authorise East Bristol Auctions Ltd., if they so wish, to charge the card given in part or full payment, including all fees, for items successfully purchased in the auction via the-saleroom.com or other website, and
2. confirm that you are authorised to provide these card details to East Bristol Auctions Ltd. through www.the-saleroom.com (or other website) and agree that East Bristol Auctions Ltd. are entitled to ship the goods to the card holder name and card holder address provided in fulfilment of the sale.
15. Anti-Money Laundering
Under the regulations set by the Financial Conduct Authority (FCA), East Bristol Auctions is required to provide appropriate identity evidence for HMRC when transactions take place over £10000. This is to prove that all buyers seeking to purchase high value items from East Bristol Auctions are who they say they are.
Buyers registering to bid via Saleroom.com and East Bristol Auctions own website will register to bid initially by entering an email address ( subject to validating) a current address of residence along with a valid debit or credit card that details will be matched against each other to verify your identity and to protect us from theft and fraud, complying with AML laws. Successful bidders of items over £10000 using internet bidding will be sent an email after purchase asking for these, which includes details on what kind of documents we can accept. Please note, in some instances, if we are unable to verify your identity as a bidder on items of a value over £10000, we will possibly not be able to process your bid and it may be cancelled as a result. Once your identity has been verified, we will inform you via email.
Buyers submitting telephone bidding requests and commission bids prior to the auction will also be subject to the above requirements and document requests prior to bidding thus satisfying both East Bristol Auctions and the current regulations for the Money Laundering Act .
East Bristol Auctions will be required by law to meet current compliance requirements for example, under UK AML (anti-money laundering) HMRC laws, or individual countries customs laws and regulations and disclose this information
Bidding: Online Bidding only
Viewing; Viewing is available by appointment.
Storage; We politely request that all invoices are settled within 5 days of the auction. We are unable to store items for longer than this period. Any items outstanding after this period (where delivery, collection or postage has not been arranged) will be moved to offsite storage and charged at a rate of £5 per lot, per day. We are open for click and collect (see above) and our nationwide courier service is fully operational.
By signing up to bid - you are agreeing to the standard terms of sale as outlined, and are politely reminded that no guarantees of condition are given and all items remain sold 'as is' irrespective of any description, and no warranties or guarantees are offered on any item, in any sale. Ample opportunity to obtain condition reports, and to view items (both in-person and virtually), has been given.
IMPORTANT NOTICE - given the current climate, auction and viewing details may be subject to change at very short notice. We strongly advise checking with us prior to making a long journey that these details are correct. The safety of our customers and staff is paramount.
Buyers Premium 19% (+VAT)
Lots purchased online with the-saleroom.com will attract an additional charge for this service in the sum of 4.95% of the hammer price plus VAT.
We accept debit and credit cards online, or over the phone. Online bidders, whether live or by automated online commission, must have a registered card on The-Saleroom.com payment portal. If no contact has been made within 7 days, payment will be automatically taken from the registered card.
Credit or debit card payment in person in our Bristol offices is always welcome.
Ample opportunity is given for inspection. Each purchaser, by making a bid for a lot, is deemed to have knowledge of all the Conditions of Sale and to have satisfied themselves as to the physical condition and accuracy of the description of the lot, including, but not restricted to, whether the lot is damaged or has been repaired. We offer packing and shipping quotes for all items worldwide, visit eastbristol.co.uk for details and pricing. For a specific overseas quote, please contact us.
VAT: (*) indicates that VAT is payable by the purchaser at the standard rate on the hammer price as well as being an element in the buyer`s premium.
CONDITION REPORTS : (**) Detailed condition reports for all lots are available upon direct request to the Saleroom
Delivery, Postage and Packing available worldwide on all items. See www.eastbristol.co.uk for details