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A particularly uncommon gold coin depicting Queen Elizabeth I has been bought for $770,000 at an public sale in Germany, making it the most costly coin ever auctioned within the nation.
Estimated at $274,000 by specialists on the Kuenker Public sale Home, in Osnabrück, Germany, the coin went for much extra. The very best bidder, who was current within the public sale corridor in the course of the occasion, was not recognized.
Known as Kampener Rosenoble, the coin measures 1.73 inches throughout and weighs 2.15 oz. Fritz Kuenker, senior chief of the public sale home, mentioned: “Such giant gold cash are extraordinarily uncommon.”
Talking to the Neue Osnabrücker newspaper, Kuenker defined the Kampener Rosenoble was one of many largest cash of the early trendy interval.
The public sale firm disclosed the astonishing historical past of the coin. Felix Schlesinger, a Jewish coin supplier born in Mainz in 1879, had purchased the item round 90 years in the past for $1,187 from a British service provider.
Jewish coin supplier Jacques Schulmann buried it in a pal’s again backyard in Brabant, the Netherlands, to guard it throughout World Struggle II. Schulmann bought maintain of it after the SS confiscated it from Schlessinger’s numismatic agency in Berlin.
The SS bought it to a jeweler, who was about to soften it when Schulmann purchased it. It was returned to Mark Salton, Felix Schlessinger’s son, six years later. Schlessinger and his spouse, Hedwig, died within the gasoline chambers at Auschwitz focus camp, in Poland, in 1944.
Studying his mother and father have been lifeless, Mark Salton, born Max Schlessinger in 1914, moved to the USA in 1946. His brother, Paul, emigrated to Israel. Their father had established his numismatic enterprise in Frankfurt in 1928 earlier than shifting to Berlin.
Salton’s final will mentioned his assortment of cash must be auctioned by Kuenker and Stack’s Bowers Galleries, in New York Metropolis. He ordered the proceeds to go to charitable organizations specializing in Holocaust commemoration initiatives. Salton met Fritz Kuenker throughout a coin public sale in New York in December 1985.
Depicted in a seated place between two semidetached columns, Queen of England and Eire Elizabeth I (1558-1603) is holding a scepter in her proper hand and an imperial orb in her left.
The earlier file for the public sale of a coin in Germany was a Russian ruble coin depicting Nicholas I of Russia that was auctioned for $714,0000 in February 2012. That public sale was held by Kuenker in Berlin and the client was not recognized.
This story was supplied to Newsweek by Zenger Information.
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