Rare coin of Britain’s King Edward VIII fetches record USD1.3M

LONDON (AP) — One of the world’s rarest coins, a gold piece bearing the image of Britain’s King Edward VIII before his abdication, has sold for one million pounds (USD1.3 million), setting a new record for a British coin.

The historical oddity shows Edward, the uncle of Queen Elizabeth II, before he relinquished the throne in 1936 to marry American divorcee Wallis Simpson. The buyer was a private collector who wanted his identity kept secret. He told the BBC it was a “once-in-a-lifetime” opportunity. Rebecca Morgan, head of collector services at the Royal Mint, said the record price was not surprising. “The Edward VIII sovereign is one of the rarest and most collectible coins in the world,” Morgan said on Friday.

The 22-carat gold coins were never released to the public. The Royal Mint said only a handful are known to exist.

In this undated photo made available by The Royal Mint, a view of a rare Edward VIII Sovereign coin. PHOTO: AP