THE STRANGEST COIN WORTH A MILLION DOLLARS

THE STRANGEST COIN WORTH A MILLION DOLLARS

Last September, US authorities returned to Israel a Jewish silver coin dating from the First Jewish-Roman War. It is an “extremely rare” piece dating back 2,000 years and, according to the Manhattan district attorney’s office, is worth the equivalent of one million dollars.

This important piece was stolen in 2002 by a cell of antiquities thieves who had found a hoard of coins from the time of the Great Revolt near the Elah Valley in central Israel. According to the Israeli Antiquities Authority (IAA), the coin was offered at several auctions in the United States, after being smuggled via Jordan and the United Kingdom.

The coin, a silver quarter shekel, was found in 2017, when US Homeland Security agents seized it in Denver, Colorado, before it was sold. The Manhattan District Attorney’s Office then held the item until the return ceremony that took place on 12 September.

 

THE STORY BEHIND THE SILVER COIN

According to CNN, this shekel is from 69 AD and is one of at least two specimens still in existence. There are believed to be three more of this type on the black market, while the other known specimen is in the British Museum in London porno.

The IAA, as reported by Ynet.com, explained that during the Roman Empire, the emperors
allowed local rulers to mint coins according to their importance and loyalty to Rome. Therefore, the minting of silver coins was a privilege granted to very few.

However, according to Ilan Hadad, inspector in charge of trade at the Antiquities Authority, “the minting of silver coins by the rebel leaders was, in fact, a declaration of independence of the Jewish population of Israel from the powerful empire, which confronted them, and has a representational value far beyond monetary value,” as reported by Ynet.com.

THE STORY BEHIND THE SILVER COIN

According to CNN, the IAA also explained that the rebels used “Jewish motifs” on these coins to cover the emperor’s face. Although there are other coins from the same period created by rebels, Eitan Klein of the IAA’s Theft Prevention Unit told CNN that this one was “extremely rare”.

 

THE COIN’S VALUE, BEYOND MONETARY VALUE

In addition to being valued at $1 million, Klein also said the coin has great “national and scientific significance.” For his part, Colonel Matthew Bogdanos, head of the Manhattan District Attorney’s Antiquities Trafficking Unit, said that its recovery “represents a precious piece of history finally coming home.”

He also highlighted the collaboration between the New York and Israel Antiquities Trafficking Units. It is a partnership that should serve as a model for recovering plundered cultural heritage around the world,” he added, according to Ynet.com. It is certainly a hopeful story for the restoration of cultural heritage assets.

 

 

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ISABEL II COINS: THE NEW TARGET FOR COLLECTORS

ISABEL II COINS: THE NEW TARGET FOR COLLECTORS

Queen Elizabeth has died, and the news continues to generate an endless number of unexpected reactions throughout the world: strong statements from public figures, memes and even waves of buying and selling of collectible items.

Collectibles? You are right. Now that the Queen is no longer with us, that means a new regent will take over, and one of the consequences of that will naturally be the replacement of coins and bills with Elizabeth’s face. According to experts, it is estimated that this process will take about 2 years.

Currently, there is a total of 4,500 million pounds sterling in circulation worldwide with the face of the late regent of England. Especially the oldest ones already have a value as a collectible in the market. However, in a matter of hours, experts have seen the demand for buying and selling double, generating an unexpected rise in prices.

 

A COLOSSAL PRICE INCREASE

Queen Elizabeth’s face has been on the UK monetary cone since 1953. Until shortly before her death, while jubilee commemorative coins were part of the collections, never before had there been such great interest in coins. with the face of the late Elizabeth.

For reference, we can look at the case of her 60th Coronation Anniversary £2 coin, produced in 2013. At its launch, it traded for £500.00. However, it currently marks £1000.00; a figure that is expected to increase considerably after the disappearance of Queen Elizabeth in the current monetary cone.

 

THE NEW COIN DESIGN

According to official statements from the Bank of England, published by the BBC, at least for now the coins with the face of Queen Elizabeth will maintain their legal tender. The Royal Mint, the Official Mint that serves the entire United Kingdom, has also not communicated about a new monetary cone with the face of Carlos III.

According to expert projections, it is believed that the new cone will possibly coexist for some time with coins and banknotes bearing the face of Queen Elizabeth. The same goes for postage stamps, royal seals of approval, mailboxes, postage stamps and passports.

THE NEW COIN DESIGN

However, as long as the country continues in mourning and King Carlos III does not officially begin to exercise his functions, this information will not be publicly available.

 

WHAT WILL THE COINS AND BANKNOTES OF CARLOS III BE LIKE?

Just as little is known about when these new coins will come out, the same thing happens with their visuals. There is no advance or official news of how they will be or what face of the King will be engraved on them tukif.

However, there is already a precedent that can give us an idea. In 2018, the Royal Mint issued an anniversary coin for Charles III’s 70th birthday.

Another interesting detail that we can take for granted is the direction in which the face looks: the left. Let us remember, after all, that Isabel’s coins currently circulated with her face looking to the right, and it is a royal tradition that this look is reversed with each new change of mandate.

What other direct consequences do you think will come from the new head of the monarchy?

 

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