LONDON: A rare 1937 Edward VIII sovereign coin has been bought by a private collector for 1 million pounds , making it the most expensive British coin ever.
The coin was one of six prepared by the Royal Mint when Edward became king in 1936 and was due to be mass produced for general circulation from Jan 1, 1937.But he abdicated in December 1936 - quitting his job as king - to marry American divorcee Wallis Simpson, meaning that production was cancelled and coinage with his face on never entered circulation.
Edward VIII insisted that the portrait show his left side, which he preferred, breaking the tradition of each new monarch facing the opposite direction to their predecessor.Sourced and authenticated by our Collector Services Team, the 1937 Edward VIII Sovereign has broken British coinage records after being sold to a private collector for £1 million.
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