Heritage Auctions to sell legendary 1933 George V Penny



2016-07-28 15:15:22

A legendary 1933 George V Penny, described as "the most desirable and sought-after British coin", is heading for sale at heritage Auctions next month.

The coin will be one of the leading lots in the company's World & Ancient Coins sale at the ANA (American Numismatic Association) show in Anaheim, California.

Back in 1933, there were so many pennies in circulation that the Royal Mint decided to to produce any more.

However, it was traditional for complete sets of British coinage to be produced every year for commemorative purposes, so approximately seven examples of the coin were minted by special request.

Three were given to the King himself, to be placed under the foundation stones of important buildings built that year (one belonging to The University of London, along with two churches in Yorkshire).

Two further examples currently reside in the permanent collections of the Royal Mint Museum and the British Museum, and the final two were allegedly acquired by well-connected private collectors. None of the coins ever reached public circulation.

Today it's believed that three of the coins remain in private hands, one of which was stolen from beneath the foundations of the Church of St. Cross near Leeds in 1970, and has never resurfaced.

The coin offered at Heritage, graded MS63 Brown NGC, is the first example to come up for sale in a generation, and is expected to sell for $100,000 - $150,000.

According to reports, the coin has spent years in the U.S, but experts believe it could be snapped up by a British collector and returned home when it hits the auction block in California next month.

"This is a once-in-a-generation opportunity to own one of the most elusive and coveted coins in British numismatics," said Cristiano Bierrenbach, Executive Vice President of International Numismatics at Heritage Auctions.

"This very coin inspired a whole generation of British numismatists, who began collecting by rummaging through their pockets in the hope of finding a 1933 George V penny."

Further notable highlights for collectors of British coins will include a 1553 Queen Mary Gold Gyal, one of only ten examples in private hands, estimated at $140,000 - $160,000; and an 1839 Queen Victoria Una & the Lion 5 Pounds Gold Proof, regarded by many as one of the world's most beautiful coins, valued at $90,000 - $110,000.

The Heritage ANA World & Ancient Coins sale takes place at the Anaheim Convention Center in California on August 11.

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