Gold coin dating back to 17th century was thought to be fake, but the specimen was sold for thousands at auction

By Joseph

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Gold coin dating back to 17th century was thought to be fake, but the specimen was sold for thousands at auction

There are millions of gold coins in circulation worldwide, grading errors may occur if they are overlooked by the incorrect person. That is why it is critical to seek the services of professionals such as PCGS in the United States.

Here’s the story of a very uncommon coin from the 17th century. It is really stamped with Jing Charles I’s profile. Believe it or not, it was left at the back of a drawer because it was thought to be a forgery.

400-year-old gold coin

As you can see, this is a very antique specimen, and few numismatic enthusiasts own one. The face value is only 20 shillings, according to the British news service SWNS.

Source pcgs.com

However, when they discovered it was an original specimen, the price ranged between $1,942 to $3,887. Apparently, this gold piece was left over from a trip abroad and was discovered among a collection of antique cash.

Once again, this gold piece was inherited. The specimen’s owner discovered it in her aunt’s residence following her death. Can you picture finding such a valuable coin in the back of your dressing table drawer?

The gold coin remained unnoticed at first

Actually, it was placed in a box with other twentieth-century coins. Keep in mind the historical significance of this gold piece, which represents a King of England, Ireland, and Scotland from 1625 to 1649.

Robin Fletcher, an antiquities appraiser for an auction business, assumed it was a forgery because he was told so. However, he checked it while it was in his office. It would have been nice to watch the owner’s expression after discovering it was not a fake but rather really precious.

No doubt, this story has taught numismatics aficionados the importance of not overlooking any objects they own. In 2020, PCGS reported a similar coin auction record. The ultimate selling price was a staggering $4,320.00.

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