Workers doing excavation at Stirling Terrace in Albany, Western Australia, have found 300 gold sovereigns buried under concrete.

Albany was established in December 1826 and was the first settlement in Western Australia and before the Swan River colony that led to the city of Perth’s (Western Australia’s capital) early development.

The coins were valued unseen  by a coin dealer to be worth around 320 to 330 Australian dollars for each coin (the gold bullion price). They had been originally estimated at 500,000 dollars each.

The discovery is significant because there’s never been an  antique coin find of that magnitude in Albany before.

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