{"id":2813,"date":"2024-07-26T13:00:31","date_gmt":"2024-07-26T11:00:31","guid":{"rendered":"https:\/\/www.arsclassicacoins.com\/?p=2813"},"modified":"2024-07-26T13:00:31","modified_gmt":"2024-07-26T11:00:31","slug":"just-collecting-news-gb-record-petition-crown-is-1-million-coin","status":"publish","type":"post","link":"https:\/\/www.arsclassicacoins.com\/zh-hant\/press-area\/just-collecting-news-gb-record-petition-crown-is-1-million-coin\/","title":{"rendered":"Just Collecting News: GB-record Petition Crown is $1-million coin"},"content":{"rendered":"\"\"<\/a>\n
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A one-of-16 Petition Crown is now the world\u2019s most valuable British silver coin after realising $1 million (\u00a3818,000) at auction.<\/p>\n

The sale of the Cope Collection, one of the best collections of ancient and British coins, brought in nearly \u00a37 million in total.<\/p>\n

Among Geoffrey Cope\u2019s famous collection, sold after his death, the Petition Crown was known as one of the jewels of world coin collecting.<\/p>\n

All the others are believed to be currently in private hands or museum collections.<\/p>\n

The crowns were made to \u201cpetition\u201d King Charles II for work in 1663.<\/p>\n

Engraver Thomas Simon produced the highly detailed coins to support his application to replace the Roettiers brothers as sole engraver for the Royal Mint.<\/p>\n

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Simon\u2019s name is clearly and beautifully signed on what most call his masterwork. He probably died in the plague just a couple of years later.<\/em><\/p>\n

He wrote his plea \u2013 \u201ccompare this his tryall piece with the Dutch\u201d \u2013 around the edge of the coin on a new coin making machine.<\/p>\n

Only 16 of the coins are known to survive.<\/p>\n

David Guest, of auctioneers Classical Numismatic Group, said: \u201cWidely regarded as the most beautiful machine-made coin ever struck and undoubtedly the most important coin in the British series, we are delighted to have seen the 1663 Petition Crown realise a world record price.<\/p>\n

\u201cThe overwhelming success of the sale of the Cope collection further underlines the confidence in the market for superb and rare British coins.\u201d<\/p>\n

The coin was graded 63+ for condition, making it the highest-rated Petition Crown that has been graded.<\/p>\n

The coins were regarded as special and collectible as soon as Simon produced them. They were selling as early as 1742, and have regularly set records for their type.<\/p>\n

The Cope Collection sale also yielded a \u00a3382,798 Oxford Crown from 1644. Probably one of three not in museum collections.<\/p>\n

A King Henry VII Testoon from 1544 made \u00a3100,819, another record for type.<\/p>\n

The market for coins is strong. The most valuable British coin, an Edward VIII trail sovereign, sold for \u00a31 million in 2020. A US 1933 double eagle became the most valuable coin ever sold at auction, in 2021, when it realised $18.9 million in New York.<\/p>\n

Economic and political instability can make rare, valuable, highly portable (and hard to seize, impound or sanction) assets desirable to high-net-worth buyers. This attracts money into the market, pushing prices up.<\/p>\n<\/div>\n