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Latest Articles - Luxury

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Rare Coins – Most Known in Europe

Thursday, 14 July 2011

rare coinsThe world of numismatic collectors was shocked in 2011 along with the entire United Kingdom when a rural Londoner discovered a very rare and ancient coin on the bank of Evil. That was the gold mankus released during the reign of the Anglo-Saxon King Coenwolf in IX century. The coin preserved perfectly. This news facilitated most amateurs of rarity to go for wonderings with the metal detector in the suburbs of the capital with the bare wish to discover rare coins.

Till the year 2006 mankus was estimated as the most expensive British coin and the experts suppose that was the first English sample coined from gold.

The mankus of first bought in 2004 at the auction by the American collector of rare things Alan Davidsson for the estimate of 400,000 USD. However, the Government of the Great Britain banned the coin to be exported and announced fundraising activity to save assets for redeem from the private collector. And in 2006 the rarity was finally purchased by the British Museum for the amount of total six hundred fifty thousand USD.

However, currently the most valuable coin is the other British gold florin that was released in 1344. This coin is also the third valuable coin in Europe. Florins were first coined in Florence in the 13th century and only later the florins were put to circulation in other countries. Son, in 1343 the florin was coined in England by the decree of the Kin Edward III. The coin weighed of about seven grams of gold and was equal to six silver shillings.

The core area of the coin depicted the king mounting the throne with leopard heads from both sides. Thus, this coin sample was called Double Leopard. Nevertheless, the florin contained less gold that it was intended in compliance with the declared par value and so the coin was soon withdrawn from circulation. Currently the three samples of Double Leopard are available. Two of coins are kept at the British Museum while the third coin was put to auction in 2006 for the estimate of nine hundred and twenty thousand USD rated as the most expensive coin ever sold.

The second rated European coin when it comes to value is a one hundred real coin aka senten released in 1609 during the reign of the King Philippe III. This coin is one the heaviest coins ever released with the weight of approximately one hundred and seventy grams and the diameter of over seven cm. Since Spain possessed with unheard of amount of pure gold that time (most gold was plundered by conquistadors), the coins were made in abundance of gold. However, they were too heavy to handle and soon such coins were withdrawn from circulation.

In 2009 at the auction in Barcelona the purchaser from Central Europe bought the golden senten estimated for the amount of one million two hundred thousand US Dollars and the buyer had no one to action. Another Spanish senten dating back from 1633 was also put to auction for the estimate of five hundred thousand US Dollars. Yet, there are only four such coins at present.

The most expensive European coin embossed in Poland in 1621 is the coin of one hundred ducats. Only several coins were embossed for the purpose of gift samples to mark the occasion of the victory in the battle by the Hotin between the Polish and Turkish armies. The coin is so impressive in the size of almost seven centimeters in diameter and around five cm thick. The coin weighed three hundred and fifty grams. The obverse side of the coin depicted the King of Poland Sigismund III wearing armor while the arms of Poland, Lithuania and Sweden were on the reverse side of the coin.

There are two copies (and by some sources the third coin also exists) of the coin which are presently kept in private collections. One of the coins was put to auction in 2008 in New York for the estimate of one million three hundred and eighty thousand US Dollars as the value record among all European coins ever embossed.

In the medieval Europe the noble metals were rarely used to emboss coins and thus, every single coin discovered becomes the rarity soon. And who knows, perhaps there is a coin that can beat all the previous records in value, cost and period of embossing?

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