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A record £516,000 for royal coin: Incredibly rare sovereign bearing head of Edward VIII and struck before abdication sold at auction

May 9, 2014 in Antique Coins, Auctions, British Coins, Coins, Collecting, Commemorative, Gold, Gold Coins, News, Numismatica, Numismatics, Proof Coins, Rare Coins, UK Coins, World Coins

By Daily Mail Reporter May 8th, 2014. (http://www.dailymail.co.uk)

  • Coin is one of two gold ‘proofs’ struck before planned 1937 coronation
  • But it was never properly struck because Edward VIII stepped down in 1936

An incredibly rare coin bearing the head of Edward VIII has sold for a record £516,000, the highest sum ever paid for a British coin.

It is one of only two ‘proof’ gold coins that were struck ahead of the production of commemorative sovereign coins to mark the king’s coronation in 1937.

But in December 1936 Edward abdicated in order to marry US divorcee Wallis Simpson, before the sovereigns were made, making the coins redundant.

Today the coin collector who bought it said he would have bid another 50 per cent to secure the coin he called ‘the greatest and most famous British coin of all.

Full article and pictures at the source>

 

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