Do You Own This Queen Elizabeth II Coin? It Could Be Worth up to $23 Million
The 2022 death of Great Britain’s Queen Elizabeth II after 70-plus years on the throne kicked off a memorabilia frenzy that saw prices skyrocket for everything from tea sets and dolls to special newspaper editions. A year later, the launch of a new commemorative coin honoring the queen tested the limits of how much people are willing to spend by carrying a price tag above $20 million.
Check Out: 5 Rare Coins That Sold for At Least $600,000
Read Next: 6 Genius Things All Wealthy People Do With Their Money
As Fortune reported last fall, the “one-of-a-kind” coin is valued at about $23 million and is “a little wider” than an NBA basketball. It was produced ahead of the one-year anniversary of Queen Elizabeth II’s death by the East India Company (which is not the same enterprise as the legendary company that operated between 1600 and 1874).
The coin, known as The Crown, is made of eight pounds of gold and 6,426 diamonds and weighs 486 carats. It reportedly took 83 people to create. Work on the coin actually began before Queen Elizabeth’s death on Sept. 8, 2022, according to Fortune.
On the East India Company website, CEO Sanjiv Mehta wrote that Queen Elizabeth II “was an inspiration for many generations” and embodied the virtues “which guided her through” seven decades on the throne.
“I had the idea to embark on a mission to include all British citizens as well as all those fascinated and engrossed by Queen Elizabeth II and the history of Britain in an inclusive way to share in her achievement,” Mehta added.
Learn More: Coin Auction Newbie? Tips for Buying and Selling High-Value Coins
Very Unlikely Collectors Will Own This Coin
The Crown coin is part of a collection minted by the East India Company that bears “five effigies,” or official portraits, of Queen Elizabeth II. It includes 11 proof legal tender 999.9 gold coins made up of a 1 kilogram gold coin and 10 24-carat 1-ounce gold coins featuring the “personifications of the six virtues” as featured on the Victoria Memorial outside Buckingham Palace.
The valuation of The Crown coin is based on the materials used to make the coin, Fortune reported. It’s unknown what the coin would be worth to dealers and collectors.
For now, the most valuable coins for collectors include the 1794 Flowing Hair Silver Dollar, valued at $7.75 million; and the 1933 Saint-Gaudens Double Eagle, valued at $7.5 million.
More From GOBankingRates
This is One of the Best Ways to Boost Your Retirement Savings in 2024
6 Things You Should Never Do With Your Tax Refund (Do This Instead)
This article originally appeared on GOBankingRates.com: Do You Own This Queen Elizabeth II Coin? It Could Be Worth up to $23 Million
