Image Source: Beaussant Lefèvre & Associés via CNN.
Auction house Beaussant Lefèvre and Associates recently sold a collection of rare gold coins for $3.48 million, according to CNN. The sale comes after the coins were found behind a painting in the store room of a French home.
The coins belonged to Paul Narce, who passed away last year. Narce was an avid coin collector. During his lifetime, he built a collection containing more than 1,000 coins. “Narce, who lived a modest life and didn’t see a lot of the world, spent all of his money on his collection,” coin expert Thierry Parsy said.
CNN reported that Narce had no direct descendants. In the year before his death, he had moved into a care home, and his residence was vacant. Meanwhile, Narce’s coin collection was hidden in a wall, and no one knew it was there.
Following Narce’s death, a notary came across the coin collection in a small space in a wall behind a painting. “[The coins] could have remained undiscovered forever,” Parsy noted.
In addition, the notary discovered ten packages, each of which contained 172 gold 20 Franc coins.
Parcy indicated that the coin collection features many “rarities. ” It includes coins from the Kingdom of Macedonia as early as 323 BC and coins used during the reigns of French Kings Louis XIV, Louis XV, and Louis XVI.
The sale of Narce’s coin collection surpassed the pre-auction estimate of $2.43 million. At this time, it is unknown who purchased the collection.
Those who want to view more rare coins can see over 950,000 such pieces in the WorthPoint database.
Dan Kobialka is a self-employed content writer and editor with about a decade of experience. He produces content across a wide range of industries, including antiques, insurance, and real estate. To learn more about Dan, please visit his website.
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