In a great gesture of respect, the East India Company has introduced a new coin called “The Crown”, loaded with almost 4 kg of gold and adorned with more than 6,426 diamonds, to pay tribute to the late queen. The astonishing valuation of the coin is around $23 million, marking its potential place as one of the most valuable coins ever minted.
Designed by expert Commonwealth craftsmen, the project took 16 months. This colossal effort was initially viewed with skepticism, mostly due to the immense scale of the task and the pandemic-induced diamond shortage. The record for the most expensive coin is currently held by a ‘double eagle’ gold piece, which fetched £15.17m in 2021. It is not yet known whether ‘The Crown’ will challenge for this title at auction .
The coin’s impressive size rivals that of a basketball and features detailed portraits of the late monarch. Prominent artists such as Mary Gillick, Arnold Machin, Raphael Maklouf and Ian Rank-Broadley contributed their skills, while Jody Clark’s portrait graces the reverse of the coin.
Elaborating on the meticulous craftsmanship, the East India Company mentioned the diligent process of cutting each diamond to ensure a perfect fit to the coin’s design. They also emphasized the dual configuration of the coin which elegantly reproduces the British drapery of the Union Jack.
The historical roots of the East India Company date back to the 1600s under the patronage of Queen Elizabeth I, granting it exclusive trading rights. After running for nearly three centuries, it was disbanded in 1874. However, its legacy was revived by entrepreneur Sanjiv Mehta in 2010 as a luxury lifestyle brand.
This article is sourced from and written by AI.
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