[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Thursday, 29 June 2006, 16:56 GMT 17:56 UK
Rare coin breaks auction record
The Edward III double florin
The coin was found in the south of England earlier this year
A buyer has paid 460,000 at auction for a rare medieval gold coin which has broken the record for a British coin.

The Edward III double florin, known as a double leopard and with a face value of six shillings, was circulated from December 1343 until July 1344.

It is only the third known surviving coin, with two others found in the River Tyne in 1857.

The price paid at Spink auction house, which included buyer's premium, was three times the estimate of 150,000.

Edward III double florin
Full length portrait of king
King is seated on throne
Holding a sword and sceptre
Crowned leopards' heads on each side
Decorated with fleur de lis
Reverse shows small leopards

"We knew that there would be a huge interest, but this surpassed all of our expectations," said Jeremy Cheek, head of Spink Coin Auctions.

The coin was bought by dealer Ian Goldbart, managing director of AH Baldwin and Sons, for Avarae Global Coins, a global coin fund.

The coin - the first large gold one in England after centuries of silver ones - was found in February by a metal-detecting enthusiast in the south of England.

The location is not being revealed to prevent an influx of other detectors.




SEE ALSO
Watching the detectorists
03 May 06 |  Magazine
Battle over rare gold eagle coins
27 Aug 05 |  Americas
$1m silver dollar unearthed in US
03 Mar 04 |  Americas
Ancient forger's coin die found
16 Aug 03 |  Hampshire/Dorset
Rare Roman coin goes on show
04 Feb 03 |  England

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific