The Rare Coin

A rare gold coin that was in circulation for onlybeen resting ever since in the British Museum.
seven months in the medieval times will be sold atA representative of the auction house said that
an auction in England. The coin is an Edward IIIthe recently found coin looks nothing like the ones
double florin and it is expected to fetch up tothat are displayed at the Museum. He declared
150.000 pounds.that the rare coin is exquisite and unique. The
The rare medieval gold coin dates back in thevalue is estimated to be somewhere between
mid-14th century. On the one side it features a100.000 and 150.000 pounds.
full length portrait of Edward the III sitting on aThe double florin had been authorized in
throne and holding a sword and scepter. And onDecember 1343 and had a value of six shillings.
each of his sides there are two crowned leopard'sAfter only seven months the coin was replaced.
heads decorated with fleur de lis. The reverse ofThe reason why the coin was so unsuccessful
the coin illustrates a floriated cross with smallwas because of its high production cost and
leopards in the angle.strange denomination. The Edward III's medieval
The gold coin was found by an enthusiast in thecoin was the first coinage of large gold coins in
South of England. The people that are managingEngland. It came after many centuries of silver
the discovery have not revealed the exact spotones.
of the site in order not to attract unwantedToday, investing in gold coins can be a good way
visitors. Only two other coins of this kind haveof diversifying our portfolio. Economists advise us
been found so far. Both of them were found into invest in the precious metal so this can be a
the River Tyne back in 1957. The two coins havegood way of doing this.