One Shekel Worth $1.1 Million – at Auction

Published March 13, 2012 |

One Shekel Worth $1.1 Million aE" at Auction

An unidentified American East Coast collector plucked down $1.1 million for an ancient Judean shekel coin at a New York auction. The coin was sold by a collector from the Los Angeles area who paid $240,000 for it in 1991, giving him a five-fold profit in 21 years.

The silver coin was dated to the year 66, four years before the destruction of the Second Temple by the Romans. The modern shekel, which does not contain silver, is worth a fraction more than 26 cents.

Chris Rivait

Chris loves history and hopes that Yesteeyear becomes a place where everyone can share their history knowledge. Chris owns an Internet Marketing company, Arrivait Marketing. He has a wonderful wife and four great children.