A one kilo British gold coin made to honour Queen Elizabeth II is set for auction with a mind-boggling estimate.
The hefty commemorative coin made of 1kg of solid, pure 24ct gold was one of only 15 ever made by the Royal Mint making it super scarce. That means it’s worth more than its weight in gold – and far more than its official denomination of £1,000.
William Hayward, coin valuer at Hansons Auctioneers, 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 £75,000 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.
“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.”
The one kilo Longest Reigning Monarch gold coin will be offered in Hansons Auctioneers’ November 16 Historica Coins and Banknotes Auction.
To find out more, or to book a coin valuation, email [email protected].
