Rare £5 coin featuring Edward VIII sells for an eye-watering £1.65 million

A rare coin minted to honour Edward VIII in 1936 has just fetched a record-breaking sum at auctions.

Due to his abdication, the incredibly rare coin never made it into the hands of the public when it was created 85 years ago.

The £5 sold for an eye-watering £1.65million and it has become the most sought after coin in British history.

After Edward was abdicated in December 1936, the Royal Mint suspended production when it was due to begin in January 1937.

The future king had quit the thrown to marry Wallis Simpson – meaning only three prototypes were ever produced.

It was a controversial coin as he chose to show his face in profile the left, when it should be on the right.

The sale by a collector at Heritage Auctions in Texas, US, makes it the most expensive British coin to have ever traded hands.

It even beat an Edward VIII trial Sovereign which traded for £1million in 2020.

The £5 coin has St George on horseback slaying a dragon on its reverse.

Meanwhile the front of the 1.4 inch diameter coin carries a left facing bust of Edward.

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The Duke of Windsor stepped down from power so he could wed socialite Wallis Simpson.

They were estranged from the Royal Family and spend most of the remainder of their lives in France.

Previously the most expensive coin that sold at auctions was a £5 coin for a King William IV from 1831.

It sold in Monaco last October for a staggering £703,000.

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