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Daily Mirror
Daily Mirror
National
Ivana Finch & Hannah Mackenzie Wood & Graeme Murray

Ancient gold coins found under kitchen floorboards sell for a massive £754,000

Ancient gold coins found under a couple's kitchen floorboards have sold for a massive £754,000.

The collection of 260 coins were found beneath the floor as they renovated the kitchen in their property.

Coins were found stashed in a pot the 18th century wooden boards at the anonymous couple's Yorkshire home in 2019.

Some of them are believed to date back to between 1610 and 1727.

The Daily Record reports the treasure originally belonged to the Fernley-Maisters, a family from Hull who made their fortune in Baltic trading.

They were known for their involvement in the importing and exporting of timber, coal and iron ore, with latter generations serving as Members of Parliament in the early 1700s.

The coins were sold in dozens of separate lots by Spink & Son auctioneers in London, which added up to an incredible £754,000 (Spink & Son)

The money was collected by Joseph Fernley and his wife Sarah Maister over the course of their marriage. Joseph died in 1725 while his widow, Sarah, passed away aged 80 in 1745.

The auctioneer who sold the coins called the final sale price "absolutely extraordinary" after they were initially evaluated at a price estimate between £200,000 to £250,000.

But after the story got so much attention worldwide, the coins were sold in dozens of separate lots by Spink & Son auctioneers in London, which added up to the incredible £754,000.

The auction house labelled the collection "one of the largest hoards of 18th Century English gold coins ever found in Britain".

There was worldwide interest by private collectors from all over the globe, from America to Australia to Japan.

Auctioneer Gregory Edmund described the collection as an "entirely serendipitous discovery".

He said: "They're not mint perfect coins, they are coins that have had a hard life.

"However, the number of coins and unique method of burial presents an extraordinary opportunity to appreciate the complicated English economy in the first decades of the Bank of England and significant distrust of its new-fangled invention the 'banknote'."

Gregory described the bidding as "electrifying" after many collectors paid a fortune for the rare collection, adding that he will "never see an auction like this again."

The Mirror told in August how the couple were ripping up their kitchen floor, in order to relay it, when they stumbled upon 400-year-old coins which were filled to the top of a metal can.

They were found buried under six inches of concrete.

The owners, who have lived in the detached property for over 10 years, believed they had found some ordinary electric cable.

But once the pair lifted up the floor, they found a cup that was the same size as a can of Coca-Cola, but filled with valuable coins.

Some of the gold coins covered the reigns of James I and Charles I and to George I.

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