Only Privately held copy of Magna Carta to be auctioned off in New York.

UK paper, The Independent, reports today that the only privately held original copy of the Magna Carta, dated to 1297, is to be auctioned in New York this December. Auction experts conservatively estimate the document will sell for at least 15 Million British Pounds. –That’s $30,268,481.9700 US Dollars. (over 30 million dollars.), by the 26 Sep. 2007 exchange rate.

The article points out that 1297 is the year that the final versions of King John’s ground breaking charter were ratified and that all but one of the other 16 surviving original versions of the manuscript are held by public trusts in England -with one original copy also existing in Australia.

“Magna Carta” is latin for “Great Charter,” it is also known as “Magna Carta Libertatum,” “Great Charter of Freedoms,” because, as Wikipedia puts it, it is commonly regarded as having had,”…the most significant early influence on the extensive historical process that led to the rule of constitutional law today. Magna Carta influenced many common law and other documents, such as the United States Constitution and Bill of Rights, and is considered one of the most important legal documents in the history of democracy.”

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