A rare 1937 Edward VIII sovereign coin has been bought by a private collector for £1 million, making it the most expensive British coin ever.
The coin was one of six prepared by the Royal Mint when Edward became king in 1936 and was due to be mass-produced for general circulation from January 1, 1937.
However, he abdicated in December 1936 – quitting his job as king – to marry American divorcee Wallis Simpson, meaning that production was cancelled and coinage with his face on never entered circulation.
