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Old 09-11-2004, 02:34 AM
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Default Dog Walker Finds Penny Worth Over $200,000

A routine walk with his dog turned into a profitable excursion for one man, who discovered a 1,200-year-old gold penny during the stroll and now expects to sell it for thousands of pounds.

The coin was discovered on a public footpath beside the River Ivel in Bedfordshire, England. It is the first new Anglo-Saxon gold penny to come to light in nearly a century and the only known gold coin with the name of Coenwulf -- a king who ruled over the central English region of Mercia.

London auctioneers Spink estimate the coin will sell for £120,000 to £150,000 pounds ($214,100-267,700) when it goes under the hammer in October.

But Richard Bishop, an auctioneer at Spink, said the coin's excellent condition might help the price rise beyond the top estimate...
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