A rare coin featuring Britain's King Edward VIII, who abdicated to marry American divorcee Wallis Simpson, has sold for a record £1 million ($1.3 million).
The Royal Mint, which makes all coins for the United Kingdom, said it had sold the historically significant coin to a private collector.The Edward VIII Sovereign, as the coin is known, is one of the most coveted coins in the world and was produced as part of a"trial set" for the King when he ascended theHowever, they were never circulated to the public because the King abdicated that same year to marry Wallis Simpson.A 125-year-old dime just sold for $1.
The King further broke with tradition with the design of the coin. Historically, it is the custom that each monarch should face the opposite way to his or her predecessor when new currency is produced. Just six coins were made as part of the trial set, the Royal Mint said, and the coin is one of only two in private ownership. The remaining four are in museums.
"The Edward VIII Sovereign is one of the rarest and most collectible coins in the world, so it's no surprise that it has set a new record for British coinage," Rebecca Morgan, head of collector services at The Royal Mint, said."We were delighted to be able to locate such a special coin for our customer, and bring it back to the UK to make history once more."
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