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James Turk: Dollar''s bear-market trading range isn''t caused by fundamentals
Anglo-Saxon gold penny could sell for 150,000
By Tim Walker
The Independent, London
Saturday, September 11, 2004
http://news.independent.co.uk/uk/this_britain/story.jsp?story=560543
A man walking his dog has discovered an Anglo-Saxon
gold penny worth up to 150,000. The coin was struck
during the reign of King Coenwulf between 796 and 821,
on the banks of the river Ivel in Bedfordshire.
The find is likely to provoke keen bidding when it is
auctioned in London next month. Though many similar
examples survive from the period, the heyday of the
Anglo-Saxon kingdom of Mercia, the Ivel coin is the
first gold penny found with Coenwulf's portrait.
The dog-walker, and the landowner on whose property
the coin was found, are being kept secret. Richard
Bishop, a coin specialist at Spink, the London
auction house, said: "Even if it were silver, the penny
would be very exciting due to its good condition and
the quality of the portrait. In gold, it's just
unbelievable."
The record price tag for a British gold penny is
149,500 in 1996, for a coin from the reign of Henry III.
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