My Journey to Acquiring King James I’s Gold Laurel

I’m buzzing with excitement to share the story of my latest coin acquisition—a stunning 1623-24 British gold Laurel of King James I. Not only is this a piece of hammered gold history, but it’s also my most expensive coin to date, edging out even my MS66 Saint-Gaudens double eagle in sheer thrill factor. King James, of course, is the monarch behind the famed King James Version of the Bible, adding a layer of cultural weight that makes this coin truly special.

The Trade That Made It Happen

I landed this beauty through a savvy trade that didn’t cost me a dime out of pocket. I swapped a 2003 USA 1-ounce gold Eagle graded PCGS MS70 (solid but boring modern bullion) and an 1895 Puerto Rico peso graded PCGS MS61 (a lovely coin I liked but didn’t love). Together, they were valued at about $4,350. The dealer, Atlas Numismatics, had originally priced the Laurel at $4,695, so I felt like I scored a win—especially since my previous record spend was $3,800 for a 1799 Bust dollar.

Details on the Coin

This Laurel is a masterpiece of early 17th-century craftsmanship. It’s hammered gold, which I find utterly captivating for its raw, hand-struck character. Measuring around 30mm and weighing roughly 6.17g, it’s impressively large for its era. The obverse features King James I’s bust right, crowned and mantled, with the inscription “IACOBVS D’ G’ MAG’ BRIT’ FRA’ ET HIB’ REX”. On the reverse, you get the coat of arms and the motto “EXVRGAT DEVS DISSIPENTVR INIMICI”. The portrait is detailed and regal, though some might say James looks a bit sleepy—but to me, that just adds charm.

Market Observations and Value Insights

Gold coins from this period don’t come cheap, but trading smartly can pay off. I’ve tracked auction results where similar Laurels hammered for around $4,000 in MS-61 condition, while half Laurels fetched about $1,850. That makes my deal look sharp, as I effectively paid below market value. Grading is key here—ungraded coins like mine can vary, but aiming for NGC or PCGS details ensures authenticity. For budget-conscious collectors, consider smaller alternatives like shillings or quarter-staters, which retain historical appeal at a fraction of the cost.

Practical Collecting Tips

• Leverage trades: Swapping coins you’re less attached to can upgrade your collection without cash outlay, just like I did with my Eagle and peso.
• Explore size options: If a full Laurel strains your budget, hunt for half Laurels or shillings—they’re more accessible and still pack historical punch.
• Monitor auctions: Keep an eye on houses like Stacks Bowers or Baldwin’s for deals; they often list similar pieces, and prices can dip during sales.
• Focus on passion: Only trade coins you don’t absolutely love, so upgrades feel rewarding rather than regretful.

Why This Coin Resonates With Me

Hammered gold has always thrilled me—it’s tangible history, and owning a piece like this feels like connecting directly to James I’s era. The heft and artistry make it far more engaging than modern bullion. If you’re into numismatics, precious metals, or historical coins, I urge you to pursue something similar. It’s not just an investment; it’s a story waiting to be held.