Rare gold just sold for 20 times its normal value - because it is Welsh

 

We can’t believe that this rare Welsh gold has been sold at auction for £44,000! – Bleyer

 

The gold nuggets and flakes, which were described as a “totally unique” lot, were sold in 10 lots in Colwyn Bay. It is believed the gold was mined in Wales between 1979 and 1981 by Kerry John Thackwell and his father Ray.

They were approached by a farmer named Jack Williams who claimed to have been the last miner to work at the Clogau St David’s gold mine in 1939. They obtained a lease from the government and the gold on sale today is part of that haul.

Rogers Jones Co in Colwyn Bay put the gold under the hammer and David Rogers-Jones was the auctioneer. Mr Rogers-Jones said: “This is totally unique in my experience and I have been in the industry for 60 years.

“The weight is two ounces which doesn’t seem a lot but it is when it comes gold.”

“In terms of the weight of bullion it is about £2,000 but we have to consider the Clogau factor,” he said.

“The fact Welsh gold is so rare can add value and an expert would know straight away that it was Welsh gold. Normally auctions are a comparison business but there are no other examples.”

All lots were sold and for a total of £44,000.

This rare metal has had a very regal history. It was used in the wedding rings of the Queen Mother, the Queen, Prince Phillip and Prince Charles in both his marriages.

Welsh gold only occurs naturally in two distinct areas of Wales. One area is in the north in a band stretching from Barmouth, past Dolgellau and up towards Snowdonia. The second is in south Wales in a small area in the valley of the River Cothi at Dolaucothi. This area has an ancient past as it was mined by the Romans during their occupation of Britain.

Source: Wales Online, November 2017

Read ‘The Ancient Origins of Gold Coins’ here.