HOLY SOVEREIGN!! - - - Collector pays UK-record £1m for rare coin

[5huggy]

An Edward VIII sovereign has become the first UK coin to be bought for £1m, the BBC can reveal.

The new owner, a private collector, described the chance to buy it and bring it back from the US as a "once in a lifetime opportunity".

The coin is one of a trial set of six which never went into mass production owing to Edward's abdication in December 1936.

It only has a face value of £1 but is now the UK's most valuable coin.

The 22 carat gold sovereign - a type of coin which has not been struck for general circulation since 1932 - is just 22mm in diameter and weighs 7.98g making it just fractionally smaller and lighter than a pound coin.

FROM here with video - - > > > https://www.bbc.co.uk/news/business-51134884

[CoinStruck]

Amazing! Thanks for the post.

[Ranks1970]

Wow thanks for shearing 👍🏿

[Oldun]

Cue interest uptick in Edward coins. Wonder if Harry’s “I wanna be free” coins will do as well ?...........naaaah. Some truly poorly designed new coins this century, so far.

[Midasfrog]

A collector who is unaware of Harrington and Byrne 😭 

[trp]

Great post @5huggy, my Mrs was waffling on about this as I was heading out this morning and it pretty much went over my head. Glad I got the chance to read it, her rambling makes more sense now! 

[SilverTanner]

3 hours ago, 5huggy said:

An Edward VIII sovereign has become the first UK coin to be bought for £1m, the BBC can reveal.

The new owner, a private collector, described the chance to buy it and bring it back from the US as a "once in a lifetime opportunity".

The coin is one of a trial set of six which never went into mass production owing to Edward's abdication in December 1936.

It only has a face value of £1 but is now the UK's most valuable coin.

The 22 carat gold sovereign - a type of coin which has not been struck for general circulation since 1932 - is just 22mm in diameter and weighs 7.98g making it just fractionally smaller and lighter than a pound coin.

FROM here with video - - > > > https://www.bbc.co.uk/news/business-51134884

I saw this - I bet the buyer is dreading it coming back with a 'Details' grade!

[Melon]

Taking bets on how long until the Royal Mint cashes in on this sale with a special edition reissue. 

[Oldun]

Big big time reason why ngc pcgs grading makes no sense in the real high end world.

[Coolsmp]

8 hours ago, Midasfrog said:

A collector who is unaware of Harrington and Byrne 😭 

But how much would Harrington and Byrne inflate the price for this once in a lifetime proof coin. Yours for only £5999999.99 will come in fancy capsule, flip and coa. Sent signed for but tell you its special delivery.

[goldking]

9 minutes ago, Coolsmp said:

But how much would Harrington and Byrne inflate the price for this once in a lifetime proof coin. Yours for only £5999999.99 will come in fancy capsule, flip and coa. Sent signed for but tell you its special delivery.

Too funny!

[MickB]

Wonder if it will appear in the 'Today I received' thread? 🤔

[Midasfrog]

20 hours ago, MickB said:

Wonder if it will appear in the 'Today I received' thread? 🤔

If it later appears in the For Sale adds whos going to snap it up ?? 😂

[1817Karl]

5 hours ago, Midasfrog said:

If it later appears in the For Sale adds whos going to snap it up ?? 😂

No, not selling this one...

[sovereignsteve]

6 hours ago, Midasfrog said:

If it later appears in the For Sale adds whos going to snap it up ?? 😂

Me, as long as it isn't more than spot!