Coin collection proves popular in auction lots

Robert Burns commerative coin

Robert Burns commerative coin

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A collection of gold and rare coins found in Monifieth has sold for almost £20,000 at auction in Glasgow.

The coin and gold collection owned by an anonymous seller in the Angus town made up ten of the top 25 lots at McTear’s Coin Auction last month.

Amongst the items on offer were Royal Mint £5 gold uncirculated coins, a five sovereign piece and South African gold Krugerrands and a commemorative £2 coin marking the 250th anniversary of Robert Burns’ birth.

Commentating on the auction, McTear’s Valuations Manager and Asian Arts expert, Magda Ketterer said: “This was an impressive gold and coin collection and one which attracted bids from all over the country. To reach sales of almost £20,000 with just ten lots demonstrates the quality of what was on offer. This was a fantastic price and proves that rare coins are hugely desirable.”

The collection, which included gold and silver bars, was the highlight of the Coin Auction which also featured a scarce government of Mauritius five rupees banknote, a £2 coin marking the 300th anniversary of the Act of Union and a rare coin celebrating Queen Victoria’s Jubilee in 1887.

“Whilst the owner in this case was a collector, we know from experience that there are old coins and bank notes tucked away in drawers in households throughout Scotland so it’s worthwhile having a look as they could be worth considerably more than you think.”