A metal detector enthusiast has discovered a rare medieval gold coin on farmland in Devon, England, according to CNN Style’s Sana Noor Haq. Coin experts are speculating that an 800-year-old Henry III penny could fetch for around $546,000 in an online auction scheduled for January 23.
The roughly one-inch coin was minted around 1257 and depicts the English king, who ruled from 1216 to 1272, sitting on an ornate throne while holding an orb and sceptre. It is considered by experts to be one of the oldest gold coins ever found in England; Only seven other coins of this type are known to exist, according to Nadeem Badshah of the times.
The remaining gold pennies from Henry III are in the British Museum in London, the Fitzwilliam Museum in Cambridge and in private collections, Alexandra Markovic reports for United States Sun.
The environmental researcher, who chose to remain anonymous, did not realize that the coin was very valuable, but posted a photo of it on Facebook, where it was discovered by a specialist. Gregory Edmund, auctioneer at Spink & Son, which is making the sale, told times.
Edmund adds that the introduction of gold coins during the Middle Ages “shows the direct impact on the daily life of international trade routes from the gold-rich Middle East and North Africa.”
The ecologist says he was working on a farm field in the town of Hemyock – about 150 miles southwest of London – when his metal detector started beeping, according to the report. times. He soon realized the significance of his discovery.
“I want to be able to understand more about who I am and where I come from. Metal detection helps me do that,” he said in a statement. “I eventually saved this wonderful coin from a plow blade. How three-quarters of a thousand years have survived relatively unscathed is truly a miracle.”
according to timesIn about 1240, Henry III announced that payments to the Crown were made with gold rather than silver to finance foreign wars. Pennies were minted around 1257 by William of Gloucester with gold from North Africa, David Carpenter, Professor of Medieval History at King’s College London, wrote in the Spink & Son catalog.
Henry III, also known as Henry Winchester, became King of England at the age of nine after King John’s death in 1216, according to George Nixon. This is money In a 2021 article.
Like his father, Henry reissued and signed the Magna Carta, which secured certain legal and property rights, to quell unrest among the English barons. Historians recognize his copy of the charter as one of the foundational documents of modern Western democracy.
Auctioneer Spink & Son put the coin’s pre-assessment at $546,000. Last year, another Henry III gold penny was sold for $720,000 at an auction in Dallas, Texas, to an unnamed bidder, per This is money.
Oftentimes, the UK takes possession of antiquities discovered by civilians, and gives them a portion of the proceeds from the sale to interested British museums. However, under the 1996 Treasure Act, a researcher can keep and sell an artifact if he or she does not believe it is part of a larger group of items, CNN Style reports.
The discoverer says he plans to use the money from the auction for his children’s future, according to times. He’s glad he was the one who found the 800-year-old coin and helped preserve it.
“Now it’s a sanctuary for future generations to enjoy and it’s really humbling that I’ve been searching for it,” he says in the statement. “Like every hobbyist who still dreams, that day my wish came true, and I happened to be very lucky.”