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Cryptocurrency News Articles
Rare medieval coin discovered by anonymous finder sells for £48,000 at auction
Sep 20, 2024 at 07:04 am
The coin, which was discovered by an anonymous finder in 2016 before passing into the hands of the vendor, went under the hammer at the London-based auctioneers Noonans.
A rare silver penny, struck at Carlisle mint in the 1130s, has sold for a record-breaking £82,000 at auction.
The coin, which features an unusual castle design on the reverse, was discovered by an anonymous finder in 2016. It was valued at £15,000 to £20,000 but an internet bidder paid far more when it went under the hammer at the London-based auctioneers Noonans.
The mint was established after silver deposits were discovered near Carlisle in the 1120s and production of coins started there under Henry I’s reign, carrying on until the 1140s.
Jim Brown, a coin specialist at Noonans, said: “We are very pleased with today’s result — there was a lot of interest in the coin from both private collectors and institutions, who recognised its importance and rarity.”
He added: “This is a find of considerable historical and numismatic importance. What makes this find so different is the unique nature of the design — a complete and totally unexpected departure from the norm.
“The original medieval fortress at Carlisle was constructed in 1092, after the capture of the city from the Scots by William Rufus. Some 30 years later, Henry I decreed it be rebuilt in stone and ‘fortified with a castle and towers’. This is probably the medieval keep that can be seen today, albeit much altered in the interim.
“The exact occasion of [the coin’s] striking, however, can only be surmised. It was a tumultuous period of alliances, battles and treaties changing with the ebb and flow of the political and military struggle.
“In view of the obverse type, it may be to commemorate David’s fortification of his new power base in Cumbria, an issue unparalleled in British medieval numismatics.”
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