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Vast coin collection of Danish magnate is going on sale a century after his death

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Vast coin collection of Danish magnate is going on sale a century after his death
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News

Vast coin collection of Danish magnate is going on sale a century after his death

2024-05-13 12:23 Last Updated At:12:40

COPENHAGEN, Denmark (AP) — The vast coin collection of a Danish butter magnate is set to finally go on sale a century after his death, and could fetch up to $72 million.

Lars Emil Bruun, also known as L.E. Bruun, stipulated in his will that his 20,000-piece collection be safeguarded for 100 years before being sold. Deeply moved by the devastation of World War I, he wanted the collection to be a reserve for Denmark, fearing another war.

Now, over a century since Bruun’s death at the age of 71 in 1923, New York-based Stack’s Bowers, a rare coin auction house, will begin auctioning the collection this fall, with several sales planned over the coming years.

On its website the auction house calls it the “most valuable collection of world coins to ever come to market.” The collection's existence has been known of in Denmark but not widely, and it has has never been seen by the public before.

“When I first heard about the collection, I was in disbelief,” said Vicken Yegparian, vice president of numismatics at Stack’s Bowers Galleries.

“We’ve had collections that have been off the market for 100 years plus,” he said. “But they’re extremely well known internationally. This one has been the best open secret ever.”

Born in 1852, Bruun began to collect coins as a boy in the 1850s and '60s, years before he began to amass vast riches in the packing and wholesaling of butter.

His wealth allowed him to pursue his hobby, attending auctions and building a large collection that came to include 20,000 coins, medals, tokens and banknotes from Denmark, Norway and Sweden.

Following the devastation of World War I and fearing another war, Bruun left strict instructions in his will for the collection.

“For a period of 100 years after my death, the collection shall serve as a reserve for the Royal Coin and Medal Collection," it stipulated.

“However, should the next century pass with the national collection intact, it shall be sold at public auction and the proceeds shall accrue to the persons who are my direct descendants.”

That stipulation didn’t stop some descendants from trying to break the will and cash in, but they were not successful. “I think the will and testament were pretty ironclad. There was no loophole,” Yegparian said.

Yegparian estimates some pieces may sell for just $50, but others could go for over $1 million. He said potential buyers were already requesting a catalogue before the auction was announced.

The collection first found refuge at former Danish royal residence Frederiksborg Castle, then later made its way to Denmark’s National Bank.

Denmark’s National Museum had the right of first refusal on part of the collection and purchased seven rare coins from Bruun’s vast hoard before they went to auction.

The seven coins — six gold, one silver — were all minted between the 15th and 17th centuries by Danish or Norwegian monarchs. The cost of over $1.1 million was covered by a supporting association.

“We chose coins that were unique. They are described in literature as the only existing specimen of this kind,” said senior researcher Helle Horsnaes, a coin expert at the national museum.

“The pure fact that this collection has been closed for a hundred years makes it a legend,” Horsnaes said. “It’s like a fairytale.”

Vicken Yegparian, vice president of numismatics, Stack's Bowers Galleries, holds a silver Norwegian coin from 1628, part of L. E. Bruun's collection, in Zealand, Denmark, May 7, 2024. The vast coin collection of a Danish butter magnate is set to finally go to on sale a century after his death, and could fetch up to $72 million. Lars Emil Bruun, also known as L.E. Bruun, stipulated in his will that his 20,000-piece collection be safeguarded for 100 years before being sold. (AP Photo/James Brooks)

Vicken Yegparian, vice president of numismatics, Stack's Bowers Galleries, holds a silver Norwegian coin from 1628, part of L. E. Bruun's collection, in Zealand, Denmark, May 7, 2024. The vast coin collection of a Danish butter magnate is set to finally go to on sale a century after his death, and could fetch up to $72 million. Lars Emil Bruun, also known as L.E. Bruun, stipulated in his will that his 20,000-piece collection be safeguarded for 100 years before being sold. (AP Photo/James Brooks)

Coins from L. E. Bruun's collection on display on wooden tray, in Zealand, Denmark, May 7, 2024. The vast coin collection of a Danish butter magnate is set to finally go to on sale a century after his death, and could fetch up to $72 million. Lars Emil Bruun, also known as L.E. Bruun, stipulated in his will that his 20,000-piece collection be safeguarded for 100 years before being sold. (AP Photo/James Brooks)

Coins from L. E. Bruun's collection on display on wooden tray, in Zealand, Denmark, May 7, 2024. The vast coin collection of a Danish butter magnate is set to finally go to on sale a century after his death, and could fetch up to $72 million. Lars Emil Bruun, also known as L.E. Bruun, stipulated in his will that his 20,000-piece collection be safeguarded for 100 years before being sold. (AP Photo/James Brooks)

Vicken Yegparian, vice president of numismatics, Stack's Bowers Galleries, holds a golden coin once belonging to the collection of Danish king, Frederik VII, now part of L. E. Bruun's collection, in Zealand, Denmark, May 7, 2024. The vast coin collection of a Danish butter magnate is set to finally go to on sale a century after his death, and could fetch up to $72 million. Lars Emil Bruun, also known as L.E. Bruun, stipulated in his will that his 20,000-piece collection be safeguarded for 100 years before being sold. (AP Photo/James Brooks)

Vicken Yegparian, vice president of numismatics, Stack's Bowers Galleries, holds a golden coin once belonging to the collection of Danish king, Frederik VII, now part of L. E. Bruun's collection, in Zealand, Denmark, May 7, 2024. The vast coin collection of a Danish butter magnate is set to finally go to on sale a century after his death, and could fetch up to $72 million. Lars Emil Bruun, also known as L.E. Bruun, stipulated in his will that his 20,000-piece collection be safeguarded for 100 years before being sold. (AP Photo/James Brooks)

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Shaqiri scores stunning goal in Switzerland's 1-1 draw with Scotland at Euro 2024

2024-06-20 09:28 Last Updated At:09:30

COLOGNE, Germany (AP) — “Shaq” did it again.

At the age of 32 and having left top-flight European soccer behind to play in MLS, Xherdan Shaqiri is back on the international stage and back scoring again.

His stunning first-half strike secured a 1-1 draw for Switzerland against Scotland at Euro 2024 on Wednesday.

It is the sixth-straight major international tournament in which Shaqiri has scored, dating to the World Cup in 2014.

That’s three World Cups in a row and now three European Championships for the Chicago Fire forward. According to UEFA he is the first player to achieve that feat.

“He proved tonight that he lives and breathes for moments like these,” Switzerland coach Murat Yakin said.

Shaqiri rolled back the years with a first-time curling effort from about 20 meters out at Cologne Stadium.

Scotland led from the 13th minute when Scott McTominay’s shot took a wicked deflection off Fabian Schar to beat Switzerland goalkeeper Yann Sommer.

But Shaqiri pounced on Anthony Ralston’s loose pass in the 26th to even the match with a left-footed shot into the top corner and past Scotland keeper Angus Gunn.

“If that chance falls to any other player in the Swiss team, it’s not a goal,” Scotland manager Steve Clarke said. “You knew when it was rolling towards Shaqiri it was destined for the back of the net. He’s a top, top player, so you don’t give top, top players that kind of chance.”

Shaqiri’s career has seen him play for some of Europe’s most iconic teams, including Bayern Munich, Inter Milan and Liverpool. He joined the Fire two years ago, but in that time has continued to produce for his country on the biggest stage.

“Shaq always gives everything in training,” Switzerland defender Manuel Akanji said. “I don’t know how many other players are able to score that goal.”

The draw leaves Switzerland on four points, second in Group A behind Germany and likely to advance to the round of 16.

Germany became the first nation to advance after a 2-0 win over Hungary earlier in the day.

Scotland’s hopes of making the knockout round depend on its final game against Hungary on Sunday and results elsewhere. No team has failed to advance from the group stage with four points.

Both teams had chances to win the game.

The Swiss should have taken the lead just before the hour mark when Dan Ndoye turned Kieran Tierney on the edge of the box. With just goalkeeper Angus Gunn to beat, Ndoye fired wide of goal.

Grant Hanley then headed against the post from a Scotland free kick and Switzerland’s Zeki Amdouni headed wide at the far post late on.

Scotland has never advanced beyond the group stage of a World Cup or Euros on 11 previous attempts.

But repeated disappointment doesn’t seem to dampen optimism among its fans, who filled Cologne’s square before the game.

Swiss supporters were out in numbers, too, creating a raucous atmosphere in the stadium.

It was certainly a more enjoyable evening for Scotland’s fans than the opening game of the Euros — a 5-1 loss to Germany.

“It was what we expected. It was a good reaction to a disappointing night. We’re still alive in the tournament,” Clarke said.

Goals from Jamal Musiala and İlkay Gündoğan made it two wins from two for host Germany after victory against Hungary and ensured there would be no repeat of its group stage exit from the 2022 World Cup.

Albania substitute Klaus Gjasula scored in the fifth minute of stoppage time to hold World Cup semifinalist Croatia to a 2-2 draw in Group B. Gjasula’s own goal, just four minutes after entering the game in the second half, had looked like handing Croatia the win until his late strike.

James Robson is at https://twitter.com/jamesalanrobson

AP soccer: https://apnews.com/hub/soccer

Scotland's Scott McTominay celebrates after Switzerland's Fabian Schar scored an own goal during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Andreea Alexandru)

Scotland's Scott McTominay celebrates after Switzerland's Fabian Schar scored an own goal during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Andreea Alexandru)

Switzerland's Ricardo Rodriguez, right, fouls Scotland's Billy Gilmour during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Alessandra Tarantino)

Switzerland's Ricardo Rodriguez, right, fouls Scotland's Billy Gilmour during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Alessandra Tarantino)

Scotland's Che Adams reacts during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Alessandra Tarantino)

Scotland's Che Adams reacts during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Alessandra Tarantino)

Switzerland's Xherdan Shaqiri, left, celebrates after scoring his side's first goal during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Alessandra Tarantino)

Switzerland's Xherdan Shaqiri, left, celebrates after scoring his side's first goal during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Alessandra Tarantino)

Switzerland's Xherdan Shaqiri and team mates celebrate their side's equalising goal during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Martin Meissner)

Switzerland's Xherdan Shaqiri and team mates celebrate their side's equalising goal during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Martin Meissner)

Scotland's goalkeeper Angus Gunn fails to save a shot by Switzerland's Xherdan Shaqiri during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Andreea Alexandru)

Scotland's goalkeeper Angus Gunn fails to save a shot by Switzerland's Xherdan Shaqiri during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Andreea Alexandru)

Switzerland's Xherdan Shaqiri scores his side's opening goal during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Andreea Alexandru)

Switzerland's Xherdan Shaqiri scores his side's opening goal during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Andreea Alexandru)

Switzerland's Xherdan Shaqiri, left, celebrates after scoring his side's opening goal during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Andreea Alexandru)

Switzerland's Xherdan Shaqiri, left, celebrates after scoring his side's opening goal during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Andreea Alexandru)

Scotland's Scott McTominay celebrates after Switzerland's Fabian Schar scored an own goal during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Andreea Alexandru)

Scotland's Scott McTominay celebrates after Switzerland's Fabian Schar scored an own goal during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Andreea Alexandru)

Scotland's goalkeeper Angus Gunn is unable to stop a shot for a goal by Switzerland's Xherdan Shaqiri during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (Peter Klaunzer/Keystone via AP)

Scotland's goalkeeper Angus Gunn is unable to stop a shot for a goal by Switzerland's Xherdan Shaqiri during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (Peter Klaunzer/Keystone via AP)

Switzerland's Xherdan Shaqiri celebrates after scoring his side's opening goal during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Andreea Alexandru)

Switzerland's Xherdan Shaqiri celebrates after scoring his side's opening goal during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Andreea Alexandru)

Switzerland's Xherdan Shaqiri celebrates his side's equalising goal during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Martin Meissner)

Switzerland's Xherdan Shaqiri celebrates his side's equalising goal during a Group A match between Scotland and Switzerland at the Euro 2024 soccer tournament in Cologne, Germany, Wednesday, June 19, 2024. (AP Photo/Martin Meissner)

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