£1 coin sells for a whopping £1m

A UK coin – with a face value of just £1 – has sold for a record £1m.

The deal, brokered by The Royal Mint, for a private collector – is for the Edward VIII 22-carat gold sovereign. It’s one of only six ever made. The ‘trial sets’ created after Edward VIII’s ascension to the throne in January 1936. They were never circulated to the public due to his subsequent abdication.

Rebecca Morgan of the Royal Mint said the mint sometimes works with collectors to bring them a coin they are after. She wouldn’t say how much they charge, though. It depends on the workload.