Physical Gold Respond to Sale of an 18th Century Gold Coin for £300,000

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Leading UK gold dealer, Physical Gold, have responded to the sale of an 18th century gold coin which fetched £300,000 at auction.

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In terms of gold investment, these types of coins are more for collectors than investors as they offer less liquidity and usually require waiting for the right buyer.

A Queen Anne Vigo coin has sold for £300,000 at auction, after a widow from Tunbridge Wells found the coin in her late husband’s chest of drawers.

The five guinea coin was made in 1703 with 7.5lbs of gold seized from a Spanish treasure ship in 1702. Only 20 Vigo coins were ever made and are extremely rare, with the whereabouts of fewer than fifteen of the coins currently known – all in private hands.

The coin was made by the Royal Mint and would have been extremely expensive, only bought by the very rich. It is thought the coin was made as an attempt to detract attention from British failure at taking Cadiz, instead highlighting their haul from a Franco-Spanish ship returning from America.

A spokesperson from Physical Gold said:

“Some people collect rare coins for either hobby or investment purposes. Rare collectors and numismatic coins can sell for far higher than their intrinsic gold value due to their rarity and history. In terms of gold investment, these types of coins are more for collectors than investors as they offer less liquidity and usually require waiting for the right buyer.”

Physical Gold Ltd is a leading UK gold dealer, helping investors diversify their portfolios with innovative investment solutions. Renowned for their ground breaking products such as the Sipp gold and Gold Accumulation Account, the firm specialise in providing customers with tailored assistance in sourcing the best gold for their personal requirements. Based in London, the team are BNTA accredited and have an unrivalled knowledge of the gold market as well as an exceptional understanding of the general financial markets.

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Dan Fisher
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