The coin was part of The Collection of Scottish Coins formed by Michael Gietzelt. Comprising 191 lots, the collection fetched £331,080 – far exceeding the pre-sale estimate.
Following the sale, Coin Specialist at Dix Noonan Webb, Jim Brown, commented: “This is one of the finest examples of a Mary, Queen of Scots gold coin to come to the market. Normally her pearl necklace would be rubbed and faded but this was in pristine condition. The coin was keenly contested by five bidders which was reflected in the price.”
The second highest price of the sale, that took place in the morning, was another fine gold coin that dated from 1540 and the reign of James V (1513-1542) – Queen Mary’s father. Estimated at £8,000-10,000, it sold for £14,880 to a member of the UK Trade [lot 24].
The afternoon saw a sale devoted to British, Ancient and World Coins. Among the notable items was an extremely rare silver penny of Stephen and his wife Matilda – who fought with his cousin the Empress Matilda for the throne in the 12th Century. Discovered by metal detectorist Graeme Rushton in October 2018 on the border of South Yorkshire and Lincolnshire, the coin is one of only 25 known specimens and sold to a US Collector for £10,540 [lot 225].
Graeme who is 50-years-old and lives in South Cumbria, has been detecting since he was 8-years-old, and ten years ago, he decided to start his own shop called Unearthed, which sells metal detectors. After the sale, he said: “I'm naturally sad to see such a rare and desirable coin leave my collection but I hope the buyer enjoys it just as much as I did when unearthed it, the coin really does deserve to be in a special collection.”
***Please note that these prices include Buyers Premium (24%)***
FORTHCOMING SALES AT DNW
THURSDAY, SEPTEMBER 17 - ORDERS, DECORATIONS, MEDALS AND MILITARIA
WEDNESDAY, OCTOBER 14 – INDIAN COINS AND HISTORICAL MEDALS
THURSDAY, OCTOBER 15 - ORDERS, DECORATIONS, MEDALS AND MILITARIA
WEDNESDAY, OCTOBER 28 – BRITISH, IRISH AND WORLD BANKNOTES
TUESDAY, NOVEMBER 3 – COINS AND HISTORICAL MEDALS
THURSDAY, NOVEMBER 12 - ORDERS, DECORATIONS, MEDALS AND MILITARIA
TUESDAY, NOVEMBER 24 – JEWELLERY, WATCHES, ANTIQUTIES & OBJECTS OF VERTU
WEDNESDAY, DECEMBER 2 – COINS, TOKENS AND HISTORICAL MEDALS
THURSDAY, DECEMBER 10 - ORDERS, DECORATIONS, MEDALS AND MILITARIA
Free online bidding is available is www.dnw.co.uk
For more information, please call 020 7016 1700
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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. In 2018, it set up a standalone banknotes department and expanded into premises next door. In the same year, 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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