The most expensive coin ever auctioned in Germany was sold at a price of 700,000 euros in Osnabrück on Tuesday.
It is a gold coin with the image of the English Queen Elizabeth I (1558 to 1603), which is referred to as the "Kampener Rosenoble", said the senior manager of the auction house Künker, Fritz Künker, the "Neue Osnabrücker Zeitung".
"Gold pieces this big, measuring 44 millimeters in diameter and weighing 61 grams, are extremely rare," he said.
According to the auctioneer, it is one of the largest gold coins of the early modern period.
The price of the historic gold coin has significantly exceeded the original estimate of 250,000 euros.
"Now it was auctioned for a surcharge of 700,000 euros - it is the most expensive coin ever auctioned in Germany," said Künker.
According to the information, the Jewish coin dealer Felix Schlessinger bought the coin from a British coin dealer around 90 years ago for 900 pounds.
During the Nazi era, the coin was buried in the garden of a house in the Netherlands.
It later passed into the ownership of Mark Salton, Felix Schlessinger's son.
Schlessinger and his wife Hedwig were murdered in Auschwitz in 1944.
According to Künker, Salton had decreed in his will that after the death of him and his wife his entire coin collection should be auctioned off by the Osnabrück auction house in his old homeland of Germany and by Stack's Bowers Galleries in his New York home.
Proceeds will go to three charities dedicated to honoring the memory of Jews who died in the Holocaust.