In this paper the theory of the sedimentation velocity and potential (gradient) in a dilute suspension of charged spherical colloidal particles developed by Ohshima et al. (H. Ohshima, T. W. Healy, L. R. White, and R. W. O'Brien, J. Chem. Sec., Faraday Trans. 2, 80, 1299 (1984)) has been modified to include the presence of a dynamic Stern layer on the particle surfaces. The starting point has been the theory that Mangelsdorf and White (C. S. Mangelsdorf, and L. R. White, J. Chem. Sec., Faraday Trans. 86, 2859 (1990)) developed to calculate the electrophoretic mobility of a colloidal particle allowing for the lateral motion of ions in the inner region of the double layer (dynamic Stern layer). The effects of varying the different Stern layer parameters on the sedimentation velocity and potential are discussed and compared to the case when a Stern layer is absent. The influence of electrolyte concentration and zeta potential of the particles is also analyzed. The results show that regardless of the chosen set of Stern layer and solution parameters, the presence of a dynamic Stern layer causes the sedimentation velocity to increase and the sedimentation potential to decrease, in comparison with the standard case (no Stern layer present). These changes are almost negligible when sedimentation velocity is concerned, but they are very important when it comes to the sedimentation potential. A justification for this fact can be given in terms of an Onsager reciprocal relation, connecting the magnitudes of the sedimentation potential and the electrophoretic mobility. As previously reported, the presence of a dynamic Stern layer exerts a great influence on the electrophoretic mobility of a colloidal particle, and by means of the Onsager relation, the same is confirmed to occur when the sedimentation potential is concerned.