FOUND - Penny May Fetch $15,000

Discovered by a Metal Detecting Enthusiast

Video
The rare penny has an estimated value of $12,000 - $15,000 at auction.

May 2, 2017
By James Massey, What Sells Best News

LONDON (VIDEO) – Dix Noonan Webb reports, a rare penny found in the English countryside by a metal detecting enthusiast, could fetch $12,000 - $15,000 (£10,000 - £12,000) at auction.

The Anglo-Saxon penny, which bears the name of Jænberht, the late 8th-century Archbishop of Canterbury. Was found September of last year at Sheldwich, near Canterbury, Kent.

Rarity Caused by 'Royal Disobedience'

Reportedly, the penny is only the second known to have the name of the Archbishop, but not that of King Offa of Mercia, who was seeking to extend his power over the other Anglo-Saxon kingdoms at that time.

The penny, dating from the year 775 - 779, was created during a time when the Kent region was reasserting its independence from King Offa, which explains why his name would be missing.

The only other known example is located in the Yorkshire Museum collection. That coin was found in North Yorkshire back in 1993.

Auction Scheduled for Mid-June

The coin will be sold at Dix Noonan Webb as part of their Coins, Tokens and Historical Medals auction. Happening June 16 - 17, 2017... Auction Link

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