American collector buys 1,200-year-old penny for $515,000 at London auction

Discussion in 'Bizarre and Off-Beat News' started by Casshew, Oct 7, 2004.

  1. Casshew

    Casshew Former Member

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    LONDON (AP) - A 1,200-year-old Anglo-Saxon penny sold for 230,000 pounds ($515,000 Cdn) on Wednesday, setting what the auction house said was a new world record for the most expensive British coin.

    Spink auction house had expected the 4.33-gram gold coin to fetch between 120,000 pounds and 150,000 pounds ($269,000 to $336,000).

    American collector Allan Davisson purchased the coin, which was found in 2001 by an amateur searcher using a metal detector near the River Ivel in Bedfordshire, north of London.

    It is the only known coin to bear the name of King Coenwulf of Mercia, who ruled a region of southern England from 796 to 821.
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