The coin with the picture of the British king, who sat on the throne for just 11 months, has been estimated to be worth more than 2 crores. This coin will now be sold to many different people.
London: The value of a modest looking coin has been estimated to be more than 2.5 million and now it is going to be sold among thousands of people. The special thing is that this coin will not be available to any one person, but many different people will be able to buy it. Actually, on this coin is the picture of Edward VIII, who was the King of Britain. He was able to sit on the throne for only 11 months. That's why coins have become valuable.
You will be able to buy shares in this
According to the report of 'Daily Mail', the value of this coin has been estimated to be more than Rs 2 crore. 4 thousand shares of this copper coin have been fixed, the price of which will be close to 5 thousand rupees. However, it can be purchased only in limited numbers. That is to say, a person will be able to buy only 10 percent of it - about 400 shares.
Due to this there was delay in arrival
It has been told in the report that this coin was going to come among the people in the year 1937, but then Edward VIII married Wallis Simpson, a widow woman living in America. For this reason Edward VIII abdicated the throne in 1936 and due to this the coin could not come. After this, in the year 1978, one of the 50 'pattern' coins of this copper was sold for about 25 lakhs. In the year 2019, its price had increased to more than Rs 1 crore 34 lakh.
Price may increase even more
Now Showpiece.com has got it insured, after which the share of the coin will be sold from March 8. Dan Carter, co-founder of Showpiece.com, said that there is a history associated with this coin, which will attract people. He said that many people are showing their interest about this coin. However, people will get only partial ownership of it. He said that the price of this coin may increase or decrease in the coming days. It is worth noting that many items related to Edward VIII have been sold at a very high price. In January 2020, a gold piece with Edward VIII's picture was sold for Rs 10 crore.
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