One of the earliest gold sovereign coins will be offered to collectors in an online auction on March 4th, 2021.
Hand struck in gold over 500 years ago, the coin up for auction is an extremely rare type 2 Henry VII sovereign from 1492, struck only 3 years after the very first original 20-shilling sovereign was introduced.
Henry VII (1485-1509) was the first of the Tudor dynasty and established a British legacy of power across the world, with each successive British monarch being descended from him. After defeating Richard III in the Wars of the Roses, King Henry commissioned the very first gold Sovereign coin to assert his position and authority through its beautiful design as well as its impressive size.
The obverse of the coin depicts Henry VII in robes, seated on a throne and holding a sceptre and orb. The coin’s reverse shows the shield of England with a Tudor rose. The coin is the largest hammered gold coin of the Tudor period, measuring approximately 40mm in diameter and weighing around 15.2 grams of 995.0 fine gold.
After acquiring the coin, The Royal Mint submitted it to the Numismatic Guaranty Corporation (NGC), for certification and this historic coin was graded as AU-50, an excellent certification given the coin has been around for over 500 years!
A piece of history
This coin hails from the first few years of the Tudor dynasty and is the earliest gold sovereign coin that can currently be found, with only two examples of the type known to be with private collectors.
Tracing its history back to the very first Tudor king, as well as the original location of The Royal Mint at the Tower of London, the historical significance of this coin cannot be overemphasised. A link to one of England’s most famous eras in history, the coin is representative of its era, and it’s also worth noting - the survival of a coin for over 500 years is very nearly impossible. It is a piece of history, indeed.
Are you in or out?
The Royal Mint’s online auction for the sought-after coin takes place on March 4th, 2021, and bidding opens at £950,000 (about $1.3 million USD). Whether we are in or out, we wish all the best to those who will be bidding on the coin – it will definitely be interesting to see to final selling price of the coin, so we’ll be keeping a close eye on that.
How high could it go?
Whoever is successful in their bids will certainly be a lucky person indeed to have such a rarity in their collection!
To take part in the auction as a bidder or an observer, you can sign up here. Registration ends on March 1, 2021, at midnight.
This blog represents one person’s opinion only. Customers should conduct their own research and take advice before making an investment. We do not offer investment advice.