This rare coin was lost for several centuries and resurfaced in the United States around 1950

The auction held in Switzerland created a new sensation for coinage and historical antique enthusiasts.

A rare gold coin minted in 1609 during the reign of King Philip III of Spain has sold for 2.817 million Swiss francs ($3.49 million), setting a new record in European auction history.

This unique coin, which weighs an astonishing 339 grams, was made in the Spanish city of Segovia from gold that the Spanish conquerors brought from the New World, that is, America.

This coin, called a centenary, was specially made to show the glory of royal power and wealth during that era.

According to experts, its value was considered equal to several years of salaries at that time.

This rare coin was lost for centuries and resurfaced in the United States around 1950, where it was purchased by a New York collector.

It later passed through the hands of various collectors, but the identity of its current buyer has not yet been revealed.

According to Alain Baron, founder of the auction house, the coin was originally a royal gift that kings only presented to rulers, and the new buyer will also gain a certain royal status because it was a gift from kings.

The historic coin also surpassed the previous European record of 100 ducats of Habsburg ruler Ferdinand III, which sold for 19.5 million francs.

Buyers from all over the world were interested in acquiring it as a trophy asset, which made the auction even more exciting.