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An extremely rare copper coin minted for the brief reign of King Edward VIII has been sold for a record price of £ 133,000

Extremely rare copper coin minted for the brief reign of King Edward VIII is sold for a record price of £ 133,000

  • Copper coin minted for the brief reign of King Edward VIII sold for record price
  • 1937 Penny pattern produced as a test coin by Royal Mint prior to his coronation
  • But never went into mass production when Edward renounced in December 1936
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An extremely rare copper coin minted for the brief reign of King Edward VIII has been sold for a record price of £ 133,000.

The Pattern Penny from 1937 was produced as a test coin by the Royal Mint awaiting its coronation that year.

But it never went into mass production, because Edward renounced the American socialite Wallis Simpson in December 1936 and ended his ten-month reign.

An extremely rare copper coin minted for the brief reign of King Edward VIII has been sold for a record price of £ 133,000

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An extremely rare copper coin minted for the brief reign of King Edward VIII has been sold for a record price of £ 133,000

The Pattern Penny from 1937 was produced as a test coin by the Royal Mint awaiting its coronation that year

The Pattern Penny from 1937 was produced as a test coin by the Royal Mint awaiting its coronation that year

The Pattern Penny from 1937 was produced as a test coin by the Royal Mint awaiting its coronation that year

Only a handful of test specimens were produced, making them rare and desirable for collectors. A version of this coin was last auctioned in 1978.

The sale of the coin yesterday led to an international bidding war when it went under the hammer at Spink and Son in London.

It seemed to have gone to a British private collector, who paid more than double the £ 60,000 estimate.

The coin earned a hammer price of £ 111,000, with additional costs that brought the total figure to £ 133,200.

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The current world record for a British Penny is a 1933 George V coin, which was sold in New York in 2016 for £ 150,000.

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