The Rarest Edward VIII Gold Coin Grabs £516,000 ($930,000) in Auction

PERTH (Scrap Monster): One of the rarest six “proof” coins featuring the head of Edward VIII — and one of only two in private hands — struck in 1936 to commemorate the king’s intended coronation the following year was grabbed by a former Adelaide man, Mr. Jordan Lott for a record £516,000 ($930,000) in an auction.

Mr. Lott said that the coin is rare and precious in the numismatic world because of its incredible story. So he is proud to win the auction and he would have paidanother £50,000 to get this dream coin.

The reverse of the gold coin bears the figure of St George killing a dragon with his spear and carries the intended year of issue, 1937.

Edward VIII was King of the United Kingdom and the Dominions of the British Commonwealth, and Emperor of India, from 20 January 1936 until his abdication on 11 December 1936.

In 1936, a constitutional crisis in the British Empire was caused by King-Emperor Edward VIII's proposal to marry Wallis Simpson, an American socialite who was divorced from her first husband and was pursuing a divorce from her second.