30th Jun 2006 07:05
Avarae Global Coins PLC30 June 2006 AVARAE GLOBAL COINS PLC PURCHASE OF RARE COIN Avarae Global Coins Plc ("Avarae" or "the Company"), the specialist investmentcompany dedicated to the coin collecting sector, is pleased to announce thepurchase of a significant rare and antique coin at auction. On 29 June 2006, the Company purchased a rare and antique coin known as 'theEdward III Gold Double Florin' or 'Double Leopard'. The coin is thought to beone of only three known specimens in the world and the only one in private hands. The other two coins were bought by The British Museum in 1857 and 1868. Avarae paid £400,000 for the Double Leopard, which was described by experts as a"magnificent coin of the very highest importance and excessively rare". TheDouble Leopard was first issued by proclamation in January 1344 but the issueceased shortly after in July 1344. The investment was recommended to Avarae byNoble Investments and Avarae's advisory panel. Brian Hatton, Executive Director of Avarae commented, "We are delighted to havesecured such a flagship coin for the Company at this time, coming so soon afterour first major purchase at the beginning of the month". Ends Enquiries: Lindsay Mair Daniel Stewart & Company Plc +44 (0)207 776 6550Nicholas Marren Gordon Puckey Phoenix Financial PR +44 (0)207 947 2857 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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