gold
Darlington hosts rare gold coin sale
A large collection of rare gold coins worth almost £60,000 has gone under the hammer, at Thomas Watsons of Darlington.
The total of 197 coins were full sovereigns covering the reigns of five British monarchs- Queen Victoria, Edward VII, George V, George VI and Elizabeth II along with other rare denominations including half and quarter sovereigns and five-pound coins.
The biggest group of 13 coins were minted for the Golden Jubilee in 2002 and were expected to reach £3,500 to £4,500.
Other more valuable single coins, such as a George VI gold five-pound coin (1937) and a sovereign from the same date carried individual guide prices of up to £1,800. David Elstob, auctioneer and valuer at Thomas Watsons, said: ““It has been estimated that only one per cent of all gold sovereigns that have ever been minted are still in a collectable condition. It is this relative scarcity that causes the value of these coins to increase by more than the actual price of the gold.” The Darlington coin collection arose from the estate of a local collector via antiques expert and agent David Harper.
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