AUSTIN, Texas--(BUSINESS WIRE)--Austin Rare Coins and Bullion, a leading provider of investment-grade rare gold and silver coins and gold and silver bullion, announced today it has sold one of the oldest gold coins ever made to a private collector in Texas. The hand-struck coin is breathtaking and what makes it even more unique is the almost perfectly centered image and incredibly fine detail. Similar coins from this era tend to be off centered and far lower quality than this one, yet have sold for much more than the $27,000 this coin fetched. An image of this amazing treasure can be seen at http://rarecoins.com/ancient_2.html.
“We have never encountered an Ancient gold coin of this age in such remarkable quality,” said Ryan Denby, president of Austin Rare Coins and Bullion. “It’s hard to imagine this was crudely produced nearly 2,600 years ago.”
The first coins struck for commerce, created by King Croesus in Lydia (modern Iran), are referred to as third-stater coins and are made of Electrum – a combination of gold and silver. This amazing coin, dating to 560 BC, is one of the first staters – struck from pure gold. This Ancient Lydian coin is about the size of a U.S. dime and contains ¼ ounce of gold. Middle Eastern and European treasures such as this have been becoming increasingly harder to find as governments have dramatically restricted the export of such artifacts – preferring to keep them for museum display or for the private collections of ruling monarchies.
“We’ve sold 200 year old U.S. coins for ten times this amount so while $27,000 sounds like a lot of money, this really was a great find for our client,” said Denby. “The demand for truly rare and unique items from astute collectors is on the rise and coins like this are extremely desirable and seldom seen. We are honored to have handled this transaction.”
Collectors or general public interested in learning more about rare, ancient coins can do so at: www.rarecoins.com.
About Austin Rare Coins
Austin Rare Coins, Inc. was founded in 1989 to serve collectors and investors. Our staff is dedicated to providing our clients with professional advice and high quality certified U.S. and foreign coins, silver dollars, and gold bullion coins at low prices. Austin Rare Coins & Bullion is a proud member of the Numismatic Guaranty Corp, the Professional Coin Grading Service, and the Industry Council for Tangible Assets. In addition, its principals are members of the American Numismatic Association, the Canadian Numismatic Association and the Texas Numismatic Association. Austin Rare Coins, Inc. has an A+ rating from the Better Business Bureau.
For more information call 800-928-6468 or visit us on the Web at: www.austincoins.com.