This rare gold coin is sold for $240,000 after being bought 'on a whim'!
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These days, it's not unusual to hear of rare items or antiques sold at incredible prices for one reason or another.
Can you imagine buying something seemingly insignificant 'on a whim' only to discover it's worth a fortune years later?
Well, that's exactly what happened to one lucky coin collector from Yorkshire, England.
One particular item made by The Royal Mint has recently made headlines—specifically, a hefty one-kilogram 24-carat gold coin honouring Queen Elizabeth II. This coin is a special edition and is believed to be one of only 15 minted by the Royal Mint back in 2015.
According to a recent estimate by Hansons Auctioneers, this solid gold coin is expected to sell for $240,000 AUD.
The coin was designed to celebrate Queen Elizabeth II’s reign, the longest for any monarch in Great Britain’s history.
It also features five profiles of the Queen’s face engraved on top of its surface, while the other side is inscribed with the following inscriptions: 'E II R, The longest reign,’ on one side, and ‘Elizabeth II, DEI. GRA. REG, F.D. 2015, 1000 POUNDS’ on the other.
The coin comes with its original case and certificate of authenticity.
It was believed that the current owner, from Yorkshire, England, purchased it when he found it at the local Royal Mint back in 2015, and it was originally valued at nearly $2,000 AUD.
According to William Hayward, coin valuer at Hansons Auctioneers, 'The Yorkshire owner bought this coin from the Royal Mint on a bit of a whim back in 2015.’
'It was made to celebrate the Longest Reigning Monarch in the history of the United Kingdom.’.
‘On September 9, 2015, Queen Elizabeth II ruled for more than 63 years and 216 days surpassing Queen Victoria’s time on the throne,’ he added.
‘Thanks to its rarity and soaring gold prices, it will be offered at auction with an estimate of £100,000 ($192,000 AUD) and £125,000 ($240,000 AUD).’
Hayward also shared that buying this coin is a rare opportunity for collectors.
‘Examples of this particular coin virtually never come to market. For a keen coin collector with deep pockets, it’s an extremely rare opportunity,’ he said.
‘From time to time, The Royal Mint issues bullion coins in precious metals, which have a much higher intrinsic value than their face value. They are legal tender but not meant for circulation. They are generally bought by investors or collectors who appreciate special editions as pieces of art.’
‘The coin is also important because it features a portrait of Queen Elizabeth by James Butler rather than the usual definitive effigy of the monarch we’re so familiar with seeing on coins. That makes it a modern rarity.’
If you love collecting rare and valuable coins, a commemorative coin was also crafted last August to celebrate Australia’s heritage, which shows landmarks like its ancient rainforests, historic sites, the Sydney Opera House, and the millennia-old Aboriginal settlements.
The special coin was available for purchase starting last September 7.
What do you think of this story? Do you also love collecting rare items? Let us know in the comments below!
Can you imagine buying something seemingly insignificant 'on a whim' only to discover it's worth a fortune years later?
Well, that's exactly what happened to one lucky coin collector from Yorkshire, England.
One particular item made by The Royal Mint has recently made headlines—specifically, a hefty one-kilogram 24-carat gold coin honouring Queen Elizabeth II. This coin is a special edition and is believed to be one of only 15 minted by the Royal Mint back in 2015.
According to a recent estimate by Hansons Auctioneers, this solid gold coin is expected to sell for $240,000 AUD.
The rare coin was made to honour the late Queen Elizabeth II. Credit: Jam Press
The coin was designed to celebrate Queen Elizabeth II’s reign, the longest for any monarch in Great Britain’s history.
It also features five profiles of the Queen’s face engraved on top of its surface, while the other side is inscribed with the following inscriptions: 'E II R, The longest reign,’ on one side, and ‘Elizabeth II, DEI. GRA. REG, F.D. 2015, 1000 POUNDS’ on the other.
The coin comes with its original case and certificate of authenticity.
It was believed that the current owner, from Yorkshire, England, purchased it when he found it at the local Royal Mint back in 2015, and it was originally valued at nearly $2,000 AUD.
According to William Hayward, coin valuer at Hansons Auctioneers, 'The Yorkshire owner bought this coin from the Royal Mint on a bit of a whim back in 2015.’
'It was made to celebrate the Longest Reigning Monarch in the history of the United Kingdom.’.
‘On September 9, 2015, Queen Elizabeth II ruled for more than 63 years and 216 days surpassing Queen Victoria’s time on the throne,’ he added.
‘Thanks to its rarity and soaring gold prices, it will be offered at auction with an estimate of £100,000 ($192,000 AUD) and £125,000 ($240,000 AUD).’
Hayward also shared that buying this coin is a rare opportunity for collectors.
‘Examples of this particular coin virtually never come to market. For a keen coin collector with deep pockets, it’s an extremely rare opportunity,’ he said.
‘From time to time, The Royal Mint issues bullion coins in precious metals, which have a much higher intrinsic value than their face value. They are legal tender but not meant for circulation. They are generally bought by investors or collectors who appreciate special editions as pieces of art.’
‘The coin is also important because it features a portrait of Queen Elizabeth by James Butler rather than the usual definitive effigy of the monarch we’re so familiar with seeing on coins. That makes it a modern rarity.’
If you love collecting rare and valuable coins, a commemorative coin was also crafted last August to celebrate Australia’s heritage, which shows landmarks like its ancient rainforests, historic sites, the Sydney Opera House, and the millennia-old Aboriginal settlements.
The special coin was available for purchase starting last September 7.
What do you think of this story? Do you also love collecting rare items? Let us know in the comments below!
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