The bronze coin, known as an antoninianus, was struck by Carausius in 291 in order to pay his army. It was discovered by Kevin Scillitoe in Colchester and is one of only two known examples with this reverse. Kevin found the coin in the mid 1970s when he was just a 10 year-old boy (see photo above). At the time, the river in Colchester was being dredged and the resulting spoil heaps were deposited along the roads leading out of the town. These mounds attracted the attention of Colchester’s schoolchildren who sifted through the dirt using kitchen sieves in the hope of finding lost Roman treasures. Kevin found several Roman coins while searching which he has kept ever since and he only realised the importance of this coin when he saw the only other known example prominently exhibited in the British Museum.
Following the sale, Kevin said: “I watched the auction live with family, and was amazed with the price. It still hasn't sunk in yet! But well worth the 47 year wait.”
As Bradley Hopper, Coin Expert at Dix Noonan Webb explains: “The hammer price is a reflection of how rare and historically significant this coin is. We were expecting a lot of interest from collectors, and it was fantastic to see such competitive bidding on the day. I am delighted for both Kevin and the successful bidder.”
Dix Noonan Webb are donating 5% of their Buyer’s Premium to NHS Charities Together, and a total of £26,766 is being donated to the charity from the auctions since the lockdown due to COVID-19. The ongoing total can be seen on the homepage of DNW’s website. NHS Charities Together works with over 250 charities across the UK helping the NHS do more to look after people. For more information about NHS Charities Together and the outstanding work they do, click here to visit their website.
***Please note that these prices include Buyers Premium (24%)***
FORTHCOMING SALES AT DNW
TUESDAY, JUNE 9 - JEWELLERY, WATCHES AND OBJECTS OF VERTU
thursday, JUNE 18 - ORDERS, DECORATIONS, MEDALS AND MILITARIA
WEDNESDAY, JUNE 24 - BRITISH, IRISH AND WORLD BANKNOTES
WEDNESDAY, JULY 8 – COINS & HISTORICAL MEDALS
thursday, JULY 16 - ORDERS, DECORATIONS, MEDALS AND MILITARIA
Free online bidding is available is www.dnw.co.uk
For more information, please call 020 7016 1700
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NOTES TO EDITORS:
Dix Noonan Webb – a brief history
In 1991, its first year of trading, the company held three medal auctions and sold 1,200 lots for a total hammer price of £553,000. Two years later it opened a coin department which also auctions commemorative medals and tokens and in 2015 DNW added jewellery to its sales calendar. In 2018, it set up a standalone banknotes department and expanded into premises next door. In the same year, DNW achieved a total hammer price of £11,676,580 and the total number of lots across all departments was 20,273. To date the company has sold in excess of 300,000 lots totalling £155 million.
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