(ISRAEL NATIONAL NEWS) — 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.
The auctioned coin is one of two prototype silver shekels, the second is on display at the Israel Museum in Jerusalem.