1937 Edward VIII real gold sovereign sells for $874,700

 

Another historic record was again created by a vintage “1937 Edward VIII real gold sovereign” when it went under the hammer for a whopping amount of $874,700. The sovereign was snapped up by a mysterious buyer. Interestingly, this kind of high price fetched for any royal mint coin ever produced in England is very rare.

The vintage sovereign, a part of the Hemisphere collection is the first complete monarchical collection set ever to be displayed at any kind of auction. One stand out fact about the 1937 dated vintage King Edward’s golden sovereign is that this extremely rare single piece is the only available specimen to collectors around the globe. However, it has never been used for any kind of currency circulation since Edward VIII abdicated the British throne. Due to Edward VIII’s abdication, the coin’s circulation was expressly forbidden by the departing monarch’s successor King George V.

Read the full story at Bornrich.

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