Rare coin sells for £5,200

AN incredibly rare gold coin sold at auction in Birmingham this week for £5,200. The buyer’s commission pushed-up that price to £6,635.

The South African Zuid Afrikaansche-Republiek Gold Veld Pond, minted in 1902, attracted major interest at Fellows Auctioneers.

The coin was minted by Boer commandos taking refuge at a remote, mountainous mining town of Pilgrim’s Rest during the Boer War. With no new South African currency minted, money was scarce and it was urgently needed. What’s more, Boers refused to accept the folding money in circulation and would only deal in gold. Pilgrim’s Rest provided a solution. One Boer soldier discovered gold in an abandoned mine and enough was found to setup a mint.

This article provided by NewsEdge.