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  • 18 OCTOBER 2024
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Coin collection that could be worth over 60 million to go on sale

Collection was sealed for over 100 years.

Coin collection that could be worth over 60 million to go on sale
Notícias ao Minuto

18:35 - 21/05/24 por Notícias ao Minuto

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The coin collection of Danish businessman Lars Emil Bruun is set to be auctioned off and could fetch up to £57.4m (€67.2m), Sky News reports.

Bruun, who made his fortune in the butter industry, died in 1923 and left clear instructions in his will that his coin collection should be sealed for 100 years before it could be sold.

The catalogue, Sky News reports, features 20,000 items which will now be auctioned off by New York-based Stack's Bowers over the coming years. Some pieces are expected to fetch as little as £40 (€47), while others could go for more than £800,000 (€936,000).

Since Bruun's death, the collection has been kept at the former Danish royal residence Frederiksborg Castle before being moved to the National Bank of Denmark.

The tycoon made his fortune in the dairy industry, which allowed him to buy coins, medals and banknotes from Denmark, Norway and Sweden. Following the First World War, he insisted in his will that the collection should serve as "a reserve for the Royal Collection of Coins and Medals in Copenhagen".

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