One kilo coin worth more than its weight in gold could fetch £125,000 at auction
dailyrecord.co.ukThis 24-carat coin is more than worth its weight in gold - with it expected to sell for up to a staggering £125k at auction.
The one-kilo coin - one of only 15 made by the Royal Mint - has an official denomination of £1,000. But experts at Hansons Auctioneers believe it will sell for between £100,000 and £125,000 next week.The coin - which dwarfs a £1 piece - was made to commemorate Queen Elizabeth II passing Queen Victoria as the nation's longest-reigning monarch.
William Hayward, of the auction house, said: "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 United Kingdom - on September 9, 2015 Queen Elizabeth II had ruled for more than 63 years and 216 days surpassing Queen Victoria's time on the throne."It cost him around £75,00 in 2015 but, thanks to its rarity and soaring gold prices, it will be offered at auction with an estimate of £100,000- £125,000. "It's so scarce examples of this particular coin virtually never come to market.
For a keen coin collector with deep pockets it's an extremely rare opportunity."The coin is also important because it features a mature portrait of Queen Elizabeth by James Butler rather than the usual definitive effigy of the monarch we're so familiar with seeing on coins.
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