18:37 Friday 22 February 2013

Rare coins fetch £460 at auction


A SEVENTEENTH century coin which was part of the first recognised global currency has been sold at an auctioneers in South Derbyshire.

A piece of eight, as well as a 17th century cob, which were unearthed from a shipwreck off the Isles of Scilly, sold to a ‘European buyer’ for £460 from Hansons Auctioneers, based in Etwall.

The coins were recovered in 1967 from the HMS Association, which disappeared in mysterious circumstances 1707.

The pieces of eight, often associated with pirates, became the first international currency as trade became a global activity for the first time during the 15th and 16th centuries.

The coins had only expected to fetch between £30 and £35.

Elizabeth Bailey, from the auctioneers, said: “The legacy of these coins endures, as they are often associated with merciless battles on the seven seas.”

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