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Cryptocurrency News Articles

Rare Anglo-Saxon Gold Coin Unearthed, Estimated Value to Fetch a King's Ransom

Apr 14, 2024 at 07:03 pm

An Anglo-Saxon gold coin, struck during the reign of King Ecgberht (802-839), has been discovered by a metal detectorist. This rare Mancus of 30 Pence, with a purity level consistent with natural, unrefined gold, is expected to fetch between £150,000 and £200,000 at auction. Experts believe it was likely produced for ceremonial or high-status payments and is one of only nine known surviving gold coins from that period in England.

Rare Anglo-Saxon Gold Coin Unearthed, Estimated Value to Fetch a King's Ransom

Rare Anglo-Saxon Gold Coin Unearthed, Expected to Fetch a King's Ransom

Archaeological history has been rewritten with the discovery of an extraordinary Anglo-Saxon gold coin that is poised to shatter auction records and captivate collectors worldwide. This exquisite artifact, dating back to the golden age of the West Saxon kingdom, stands as a testament to the craftsmanship and opulence of a bygone era.

Unveiled by a dedicated metal detectorist in West Dean, nestled on the border of Wiltshire and Hampshire in March 2020, this remarkable Gold Penny, or Mancus of 30 Pence, has sent shockwaves through the numismatic community. Its unparalleled significance stems from its scarcity, with this specimen standing as the sole known gold coin from the reign of King Ecgberht in private hands.

Ecgberht, the formidable King of the West Saxons, ruled from 802 to 839, leaving an indelible mark on Anglo-Saxon history. During his reign, he cemented West Saxon dominance over rival kingdoms, paving the way for the eventual unification of England. This gold coin serves as a tangible testament to his power and prosperity.

Weighing a mere 4.82g, the coin presents an intricate tapestry of artistry, featuring the inscription "Ecgbeorht Rex" (King Ecgberht) encircling a monogram of the word "Saxon." This exquisite design reflects the skilled craftsmanship of Anglo-Saxon artisans, who imbued their works with both symbolic and aesthetic value.

Experts at Dix Noonan Webb, the esteemed auction house entrusted with the sale, have conducted meticulous analysis of the coin, revealing its exceptional composition. Crafted from "high-purity gold," with trace elements of silver and copper, it epitomizes the natural beauty and durability of the precious metal.

Remarkably, the coin's surface bears no signs of damage from use as jewelry, suggesting it was most likely intended for ceremonial or high-status payments. This pristine condition further enhances its allure, making it a highly coveted acquisition for discerning collectors.

"It is an immense privilege to present this extraordinary coin," exclaimed Peter Preston-Morley, Head of the Coin Department at Dix Noonan Webb. "Its discovery has rewritten our understanding of Anglo-Saxon gold coinage, as such coins were previously thought to be extinct."

Mr. Preston-Morley elaborated on the significance of the mancus, a gold denomination that originated in Italy and gained currency in England prior to 800 AD. This extremely valuable coin would have commanded enormous purchasing power, with a single mancus equating to approximately 360 loaves of wheat bread.

The precise occasion for the minting of this coin remains shrouded in mystery, as records from Ecgberht's reign are scarce. However, its existence points to a period of stability and prosperity, when the West Saxons asserted their dominance over neighboring kingdoms.

Scheduled for auction on September 8th, this Anglo-Saxon gold coin is estimated to fetch a staggering sum of £150,000 to £200,000, underscoring its unparalleled historical and numismatic value. Its discovery and impending sale have ignited a frenzy of excitement within the collecting community, as it offers a rare glimpse into the opulent world of Anglo-Saxon royalty.

This extraordinary artifact serves as a tangible reminder of a pivotal era in English history, when the seeds of a unified nation were sown. Its discovery not only enriches our understanding of the past but also provides a glimpse into the artistry and craftsmanship of a bygone age. As it graces the auction block, the Anglo-Saxon Gold Penny stands poised to captivate collectors, scholars, and enthusiasts alike, etching its name in the annals of numismatic history.

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