Henry VII Gold Sovereign Fetches $499,375 in Stacks-Bowers Auction

August 26th, 2013 by

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CoinUpdate reports on the sale of one of the earliest English gold sovereign coins in August 16th Stacks-Bowers auction. The price realized, nearly a half million dollars, was triple the mean of the estimate of $125,000 – $175,000.

Henry VII, known before his ascension to the throne as Henry Tudor, was the scion of the Welsh branch of the House of Lancaster. His defeat in battle of the Yorkist King Richard III in 1485, who was the last of the Plantagenet line, ended the Wars of the Roses. Henry married Elizabeth of York to unite the two houses of Lancaster and York, and began the Tudor dynasty.

Henry VII invented the gold sovereign coin, and this early example, known as a Type I Cross Fitchée is very rare indeed.

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