Ancient coin from 723AD sells for £3.1million at London auction

AN ancient coin sold yesterday for a record £3.72million.

The Islamic dinar coin, dating back to 723AD, went for nearly twice its pre-auction estimate.

The Umayyad coin was made of gold from a mine owned by the Caliph — one of the successors to the Prophet Muhammad
Bournemouth News
The coin is about the size of a £1 coin and inscribed “Mine of the Commander of the Faithful”.
Bournemouth News

One of just 12 still in existence, it attracted bids from around the world, with the hammer falling at £3.1million.

With fees, the anonymous buyer will pay £3.72million, which is a European record for a coin sold at auction.

Stephen Lloyd, an Islamic coins specialist at London auctioneer Morton & Eden, said: “The remarkable price reflects the great rarity, beauty and historical significance of this fabulous coin.”

The Umayyad coin was made of gold from a mine owned by the Caliph — one of the successors to the Prophet Muhammad.

It is about the size of a £1 coin and inscribed “Mine of the Commander of the Faithful”.



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