Royal Mint selling rare £1 coin for £100,000 and there are another nine out there

An extremely rare £1 coin is being sold for £100,000 – and there could be another nine out there.

The Royal Mint valued the gold sovereign, which dates back 200 years to when Queen Victoria was born.

PA:Press Association

The extremely rare coin was minted in the same year as Queen Victoria’s birth[/caption]

PA:Press Association

The Royal Mint has valued the coin at £100,000 – and there could be a further nine in the hands of the public[/caption]

Coin experts say the George III sovereign was one of 3,574 to be struck in 1819, with a further nine believed to be in the hands of the public.

The Royal Mint said the coin has been put up for sale at a fixed price and is being offered via a ballot on July 12.

However, potential buyers will need to apply online before June 28. Applications must then be approved before the winner is selected at random.

FIXED PRICE

Nicola Howell, director of consumer business at the Royal Mint, said: “We know there are people in the UK and beyond who value such treasures.

“Making the coin available to purchase for a fixed price is an incredible opportunity for those who want to own a piece of history.”

In February, a £1 coin celebrating Northern Ireland sold on eBay for a whopping £5,100.

The coin was issued in 1991 and the seller claimed it had a “minting error” which made it extremely valuable to collectors.

The Royal Mint, based in Llantrisant, South Wales, is a company owned by the Treasury.

It produces coins for circulation in the UK and overseas countries, as well as commemorative editions and investment products.

Before it is sold, the 1819 sovereign will be on display at the Royal Mint Experience visitor centre in Llantrisant from 10 June.


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