A rare Danish gold coin could sell for more than $1 million at auction next month. This is the start of the auction of one of the most mysterious dog collections in history.
A gold coin from 1496 with the image of King John of Oldenburg is part of a collection once owned by Danish businessman and butter tycoon Lars Emil Bruun.
Gold coins up for auction
|
Stack’s Bowers
Brunn spent decades amassing about $20,000. coins, banknotes, coins and tokens that make up this set. The collection was kept hidden for over a century due to a provision in Bruun’s will that prohibited the sale of the coins for at least a century after his death in 1923.
After the destruction of the First World War, Brunn decided that his collection should be kept as a reserve for Denmark in the event of another war in Europe. Since 2011, the coins have been kept in a secret place.
The collection is estimated to be worth around $72 million, making it the most valuable private coin collection ever soldaccording to Stack’s Bowers, the coin dealer and auction house leading the sale.
The crown jewel of the collection is a gold coin, with an estimated pre-sale value of PLN 327,000. up to 655 thousand holes. and which, according to the auction house, could sell at auction for more than USD 1 million.
According to Stack’s Bowers, the coin dates back to the late 15th century one of the oldest Scandinavian gold coins ever. According to the auction house, key features of the coin include prominent and intricate detailing, even embossing, traces of original luster and no mounting marks.
“In short, this is an almost extraordinary late medieval example that is as suitable for the collection of medieval art as it is for the collection of coins,” the sellers said in a statement.
According to Stack’s Bowers, a number of Danish gold coins were struck between 1496 and 1532 for the Danish kings John of Oldenburg, Christian II and Frederick I. Only 20 coins of this type have survived, and most -some of them in the National Museum of Denmark, which according to the auction house makes this private coin quite a steal.
It is not yet known why this coin was struck, but Stack’s Bowers suggested that the coin may have been made for the king’s personal use as a gift to foreign nobles at an important court event in Denmark or abroad.
In the middle of the 19th century, the medal belonged to the director of the National Museum of Denmark at the time, Christian Jurgensen Thomsen. An earl bought it at auction in 1876, and later it became part of the Bruun collection.
Bruun’s collection will be sold in a series of auctions over several years, starting next month.
The proceeds from the sale are to go to the collector’s heirs.
The article is a translation from the American edition of Business Insider. Translation: Mateusz Albin
2024-08-18 11:28:09
#hidden #years #cost #million #dollars
