rare coin from the 1930s went on sale – and it's proven popular among collectors. The King Edward VIII penny is worth £200,000 and believed to be the first royal memorabilia to enter into fractional ownership.
This scheme allows ordinary members of the public buy shares for just £50. Now out of the 3,500 shares available to buy, only 2,864 were snapped up on the first day.
That essentially means there is just 18% of shares in the coin left to buy. The public offering was initially planned to remain open until the end of the month but is expected to close early.Experts do believe the coin's allure stems from the fact it never entered public circulation due to the monarch's abdication.
The Royal Mint scheduled the issue of the King Edward Penny for 8am on January 1, 1937.But the plans were quickly abandoned when Edward abdicated the throne on December 11, 1936.
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