Rare Norway coin fetches record amount

A coin minted in Norway 1658 was auctioned off for 1.44 Norwegian kroner on Tuesday, becoming the most expensive coin ever sold in Denmark.

Rare Norway coin fetches record amount
The Double Taler won the highest ever price for a coin auctioned in Denmark. Photo: Bruun Rasmussen

The so-called Double Taler coin was minted while Norway was under the rule of the Danish King Frederik III and fetched the highest ever price for a coin auctioned in Denmark when Copenhagen auction house Bruun Rasmussen sold it for 1.15 million kroner ($170,000) on Tuesday.

An unnamed Norwegian was the highest bidder and the new owner of the coin, which is the only one of its kind and in remarkable condition despite being over 350 years old. 

According to Denmark's TV2, the auction house broke out in applause when the final hammer fell. 
The winning bidder told Bruun Rasmussen’s Michael Fornitz that he viewed the rare coin as “the holy grail”.
“It is something that no one else has and no one else is ever going to have,” Fornitz told TV2. 
The coin was originally created as a gift for King Frederik III’s Copenhagen art chamber but never made it there, possibly because of the outbreak of the Dano-Swedish War in 1657. 
The coin has been in the possession of a family that first had it in Norway and later in Denmark. 
According to Fornitz, the latest family members assumed possession of it in 1982 and it laid in a box with an assortment of other, mostly worthless, coins. Earlier this year, the family decided to see if their King Frederik coin was worth anything. 
“It came as a bit of a shock – in a good way – when the price turned out to be a bit higher than they expected,” Fornitz said. 
The coin sold for around 50,000 kroner less than its appraised value. 


Rare pink diamond to go under hammer in Geneva

An extremely rare pink diamond will be auctioned in Geneva on November 11 by Sotheby's, which says it is worth between $23 and $38 million.

Rare pink diamond to go under hammer in Geneva
A model poses with the “The Spirit of the Rose” diamond during a press preview on Friday. Photo: Fabrice Coffrini/AFP
Named “The Spirit of the Rose” after a famous Russian ballet, the 14.83-carat diamond mined in Russia is the biggest ever to go under the hammer in its category — “fancy vivid purple-pink”.
The occurrence of pink diamonds in nature is extremely rare in any size,” Gary Schuler, head of Sotheby's jewellery division, said in a statement. “Only one per cent of all pink diamonds are larger than 10-carats.”
Speaking to AFP, Benoit Repellin, head of fine jewellery auctions at Sotheby's Geneva, said the oval-shaped diamond was “completely pure.”
The rough diamond was unearthed by Russia's Alrosa — one of the world's leading diamond producers — in the Republic of Sakha in the northeast of the country in July 2017.
Repellin said it took a painstaking year for cutting masters to turn the diamond into its polished form.
Sotheby's said the world auction record for a diamond and any gemstone or jewel was the “CTF Pink Star”, a 59.60-carat oval pink diamond that sold for $71.2 million in Hong Kong in 2017.
According to Repellin, five out of the 10 most valuable diamonds ever sold at auction were pink.
The sale of this gem coincides with the closure of the world's largest pink diamond mine in Australia after it exhausted its reserves of the precious stones.
The Argyle mine, in the remote Kimberley region of Western Australia, churned out more than 90 percent of the world's pink diamonds.