Rare gold coin found in Norfolk sells for 'life-changing' £140,000
- Credit: Joanna Ashford/Dix Noonan Web
A metal detectorist has expressed delight after a rare gold coin he found in a north Norfolk field sold for £140,000.
The 'leopard' florin, dating from the reign of Edward III, went under the hammer on Tuesday (March 8) at an auction in Mayfair in London.
It was bought over the phone by a private UK collector.
Andy Carter, 65, who unearthed the coin in October 2019 in a farmer's field near Reepham, said: "It has been a very long two and a half years since I found the coin and I can't believe that the day is actually here."
There were 153 lots up for sale before the 'leopard' florin was sold.
He said: "We were sat on our hands but it was all over in a few minutes. Before the coin sold my mouth went very dry and I am delighted how well it sold. This is a life-changing amount of money."
Mr Carter, a retired research scientist from Norwich, will get £70,000 as he is splitting the windfall evenly with the owner of the land where he made the discovery.
He said that he and his fiancee will buy a new kitchen and probably travel to New Zealand to visit his daughter and brother.
- 1 Holkham pub closes to drinkers to become hotel and restaurant
- 2 Couple about to leave north Norfolk fish and chip shop
- 3 North Norfolk hotel named among most romantic and best small stays in UK
- 4 Town centre toilets to close for six weeks
- 5 Man arrested on suspicion of making threats to kill in north Norfolk
- 6 £150 energy rebates being paid out across north Norfolk
- 7 Vision to revamp Cromer's clifftops revealed
- 8 Major supermarkets order urgent product recalls over salmonella fears
- 9 Artist donates painting to fund in memory of Cromer teenager
- 10 Council leader offers to end feud with his local MP
"I have also always dreamt of getting a Land Rover Defender. Not sure where I will park it though," Mr Carter said.
Nigel Mills, auctioneer with Dix Noonan Web, said: "We felt very privileged to have sold the coin on behalf of Andy and his partner. It's a substantial amount of money."
The leopard florin was minted in 23 carat gold at the Tower of London in January 1344.
It features a leopard sitting upright wearing a banner and had a face value of three shillings or 36 silver pennies - worth approximately a month's salary for the average person at the time. Its value was £1,000 to £2,000 of today's money.
The coin was exclusively used by rich merchants and aristocrats for paying fines and buying and selling houses but was in circulation for only seven months before being withdrawn, as gold was worth more in bullion than in the coin itself.
Except for Mr Carter's discovery, only five other such coins are known to still exist. Three were sold at auction before 1960 with two now in the British Museum and the third is at the Ashmolean Museum in Oxford.