Editor’s Note
A rare Spanish gold coin has shattered auction records, highlighting the enduring allure and immense value of historical numismatic treasures.
In ancient times, gold coins were used in most countries. People have a special interest in these coins and do not hesitate to spend crores of rupees to collect them. In this series, a gold coin from Spain has now been auctioned, whose size and engraving are a sight to behold. This coin was sold at such a high price that it broke the records of previous coin auctions.
When and where was the coin auctioned?
This rare coin was auctioned on Monday in Switzerland. Its sale was organized by the Geneva-based auction house Numismatica Genevensis SA. The estimated price of this coin was set at 22 crore rupees. However, you will be surprised to know that it was auctioned for more than 31 crore rupees. It has now set a record for the most valuable coin in Europe.
What is special about this coin?
The coin that was auctioned is made entirely of gold and weighs 339 grams. It was specially made in 1609 for King Philip III of Spain. This coin is known as a Centen or 100 Escudos. It was made in the central Spanish city of Segovia from gold brought by victors who went to America (the New World). It was created as a display of royal wealth and power and is the largest coin in Europe.
This coin had been sold several times before
It should be noted that this coin had been missing for centuries. It was discovered in America in 1950, where a collector from New York purchased it. A decade later, he sold it to a Spanish buyer. Later, it was sold to another collector during an auction. The identity of the person who has now purchased it has also been kept secret. However, they have truly acquired a rare item.
People from around the world had placed bids
The auction house revealed that people from all over the world showed interest in acquiring this coin. People from America, Europe, the Middle East, and Asia placed bids for it.