| The Double Florin |
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| Written by Kathryn Smith |
| Sunday, 09 May 2010 12:23 |
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A rare coin that has been recently discovered and that has been used for only seven months in the medieval times, will be sold in an auction in England. The coin is an Edward III double florin and it is expected to fetch up to 150.000 pounds.
A rare coin that has been recently discovered and that has been used for only seven months in the medieval times, will be sold in an auction in England. The coin is an Edward III double florin and it is expected to fetch up to 150.000 pounds. The rare gold coin dates back in the mid-14th century. One side of the coin has a full length portrait of Edward the III sitting on a throne and holding a sword and scepter. And on each of his shoulders there are two crowned leopard's heads decorated with fleur de lis. On the other side there is a floriated cross with small leopards in the angle. The precious coin was found by a metal-detector enthusiast in the South of England. The people that are managing the discovery have refused to reveal the exact place where the coin was discovered. This strategy is meant to discourage unwanted visitors. Only two other coins of this kind have been found so far. Both of them were found in the River Tyne back in 1957. Ever since the two coins have been placed in the British Museum. A representative of the auction house has stated that the new found coin looks nothing like the two old ones. He declared that the rare coin is exquisite and unique. The value of the medieval currency is estimated to be somewhere between 100.000 and 150.000 pounds. The gold coin had been authorized for minting in December 1343 and had a value of six shillings. The medieval coin was replaced after only seven months. The two reasons why it was so unsuccessful were because of the high production cost and strange denomination. The Edward III's medieval coin was the first coinage of large gold coins in England. It came after many centuries of silver ones. Today, investing in gold coins can be a good way of diversifying our portfolio. Economists advise us to invest in the precious metal so this can be a good way of doing this. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. For a wide range of Made to Measure Curtains in huge range of Fabrics visit Homeinteriors4u.com. |