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A couple laying a new kitchen floor dug up a trove of 264 rare gold coins that just sold at auction for $845,000

Oct 15, 2022, 18:18 IST
Business Insider
The coin hoard found under the kitchen of an 18th century house.Spink & Son
  • A collection of 17th-18th century gold coins was found in England when a couple renovated their kitchen.
  • The rare coins sold at auction in London for £754,000 ($842,330), including fees.
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An incredible collection of rare gold coins found by a couple renovating their kitchen has sold at auction for £754,000 ($842,330).

The hoard of 264 coins English gold coins from 1610-1727 was discovered when the unnamed couple dug up the kitchen floor of their house in 2019.

The coin collection is believed to have been once owned by the Fernley-Maisters, a family of traders from Hull, East Yorkshire, who made their fortunes in Baltic trading, BBC News reported.

Lot 264 of the coin hoardSpink Auction House

The auction house Spink & Son told the BBC that the lots garnered international attention, with private collectors from America, Europe, Australia, China, and Japan flocking to the sale.

Auctioneer Gregory Edmund told Insider in a statement: "I have never seen a response to an auction like that before, and the results testify it, my provisional estimate was demolished three times over. It dwarfed any pre-conceived expectations and set dozens of world records along the way."

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The highest-fetching coin, dating back to 1720, sold for £62,400 ($69,710), Spink & Son said. It was listed as the "Unbelievable Mint Error" gold coin because it was struck in the reign of King George I with no head but two tails.

The couple found the coins underneath concrete and 18th-century floorboards in their kitchen. The treasure trove was "120 years of English history hidden in a pot the same size as a soda can," Edmund said, per the BBC.

"The story was extraordinary, and that is what achieved the mind-blowing result. I do hope people think before ripping up their floors, though," he said in a statement.

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