NGC Certified Henry VII Sovereign Highlights Taisei Auction

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An extremely rare Type 2 Henry VII sovereign hand-minted in gold over 500 years ago and now certified by Numismatic Guaranty Company (NGC) is offered in an auction presented by Taisei Coins and the Royal Mint. Bidding opens at ¥100,000,000 (approximately US$820,000) for this historic piece at the auction to be held in Tokyo on April 29, 2022.

(1492) England 1 Sovereign S-2173 Henry VII Gold Coin Graduated NGC AU 50

The coin depicts the beginning of the Tudor dynasty and a legacy that would establish England as a great world power. The original maker of the coin, the Royal Mint, bought it back and submitted it to NGC for certification in anticipation of its sale. NGC has encapsulated it with a certification label which includes the Royal Mint logo along with the words “The Original Maker”.

Henry Tudor became King Henry VII of England in 1485 when he defeated Richard III in the final stages of the Wars of the Roses. In 1489 he commissioned this Golden Sovereign to assert his authority through its splendid design and impressive weight and size.

The obverse depicts Henry VII seated on a wooden throne, in robes, and holding an orb and a scepter. The reverse features the quartered shield of England on a Tudor rose. With a diameter of approximately 40 mm (about 1.57 inches) and a weight of 15.23 grams, the coin is the largest hammered gold coin of the Tudor period.

Determined to solidify his family’s position and lay the foundations for his future success, Henry VII devoted his reign to consolidating his power and raising funds – through taxes and trade agreements – to fill the depleted coffers. from England. The moment his son, the infamous Henry VIII, ascended the throne, the stage was set for his children and grandchildren not only to strengthen England’s position in Europe, but to expand the empire around the globe, what they have done during more than a century in power.

Today, this coin from the early years of the Tudor dynasty is the first gold sovereign a collector can own, with only two examples in private hands. Its chain of ownership dates back to Victorian times through six named collectors. One of the notable owners of the coin was JP Morgan, the world famous banker, who owned it until his death in 1913.

“We are delighted to offer such a rare coin, which traces its history back to the first Tudor King and the original location of the Royal Mint at the Tower of London,” commented Rebecca Morgan, Divisional Director of Services. to collectors at the Royal Mint. “Because the survival rate of these gold coins is minimal, NGC’s expert determination of the authenticity and condition of this example is added assurance to bidders that they are up for competition for a Tudor artifact. exceptional.”

“The historical significance of this coin cannot be overstated,” said Ben Wengel, NGC Senior Finalist for World Coin Classification. “It is distinctly representative of its time, place and purpose, creating a tangible link to one of England’s most famous and transformative eras. NGC is honored to have it certified for its happy new owner.”

Well known for producing new coins, the Royal Mint has recently expanded into the sale of rare and historic coins and, as a strategic partner of NGC, has submitted several exciting rarities to NGC for authentication, grading and encapsulation in the ‘state of the art. NGC art support, which provides superior display and protection.

About Numismatic Guaranty Company™ (NGC®)

NGC is the world’s largest and most trusted third-party grading service for coins, tokens and medals, with over 53 million certified collectibles. Founded in 1987, NGC provides accurate, consistent and unbiased assessment of authenticity and grade. Every NGC-certified coin is backed by NGC’s full guarantee of authenticity and quality, giving buyers greater confidence. This results in higher realized prices and greater liquidity for NGC-certified coins. To learn more, visit NGCcoin.com.

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