As Don explains: “It was my first visit to this farmers land in Suffolk. After walking up an incline in the field, my Deus detector gave off a strong signal and within a short space of time I had recovered 93 coins.” He continued: “The Finds Liaison Officer was called in and they investigated the site which turned out to be a long forgotten Saxon church which had been dismantled by the Normans in the 11th century. Excavating around they uncovered the remains of human bones and I found another 6 coins!” The hoard was taken to the British Museum who examined the coins stating they were Silver pennies from the reign of Aethelred II who reigned in England from AD 978-1016. It remained at the British Museum until they were disclaimed in August of this year.
After the auction, Don said: “I am totally amazed at today’s auction and loved every minute! I will probably never experience anything like this again.”
As DNW’s Antiquities specialist, Nigel Mills, explains: “This is a fantastic result for Don, and shows how the prices realised at auction for a newly found hoard can exceed everyone’s expectations.”
The coins came from several different mints and among the highest prices was an extremely rare small cross mule from the reign of Æthelred II (978-1016), from a London mint which sold to a European Collector for £13,640* against an estimate of £800-1,000 [Lot 61].
The hoard included two rare mints - Melton Mowbray and a previously unrecorded mint in Louth, which is in Lincolnshire. The coin from Melton Mowbray fetched £8,400 – it had been expected to fetch £3,00-4,000 [Lot 36], while the coins from Louth, which had both been estimated to fetch £4,00-5,000 sold for £10,540 to an English Collector and £6,820 to an International Dealer respectively [Lots 33 and 34]. Louth had been a “Burh” or fortified settlement in the 10th century with a church containing the remains of St Herefrith. It is thought that the hoard appears to have been buried by a pilgrim who was making penitence worried about the impending apocalypse of the Millennium.
*Prices include 24% buyers premium
For more information, please call 020 7016 1700 or visit www.dnw.co.uk.
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NOTES TO EDITORS:
Dix Noonan Webb – a brief history
In 1991, its first year of trading, the company held three medal auctions and sold 1,200 lots for a total hammer price of £553,000. Two years later it opened a coin department which also auctions commemorative medals and tokens and in 2015 DNW added jewellery to its sales calendar. Last year, it set up a standalone banknotes department and expanded into premises next door. In 2018 DNW achieved a total hammer price of £11,676,580 and the total number of lots across all departments was 20,273. To date the company has sold in excess of 300,000 lots totalling £155 million.
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