Pricey penny stays in Suffolk

A MEDIEVAL penny - thought to have been minted in a Suffolk market town - has sold at auction for more than £2,000 and is set to stay in the county.The King Stephen penny, found by a metal detector enthusiast in a field near Eye earlier this year, was one of the lots at an auction at the Courtyard Marriott Hotel in Ipswich.

A MEDIEVAL penny - thought to have been minted in a Suffolk market town - has sold at auction for more than £2,000 and is set to stay in the county.

The King Stephen penny, found by a metal detector enthusiast in a field near Eye earlier this year, was one of the lots at an auction at the Courtyard Marriott Hotel in Ipswich.

A private collector paid £2,030 for the small silver coin, which was expected to raise between £1,500 and £2,000.

Its discovery in July excited archaeologists and historians because it finally confirmed speculation that there was a mint at Eye in the 12th century.


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The town's name is marked clearly on the penny, which was minted between 1135 and 1138. Silver pennies were common currency in the 12th century.

A spokeswoman for Lockdales, the auctioneers, said she could not identify the buyer but it was a private collector and the coin would be staying in Suffolk. The finder of the penny has asked to remain anonymous.

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