Experts are taking a closer look at a painting that not long ago was hanging in a North Carolina gift shop.

The oil painting of Queen Elizabeth I may be more valuable than anyone realized.

The Virginian-Pilot newspaper reports that the portrait is believed to have been painted in 1592, when Elizabeth would have been about 60 years old. It is one of the few portraits of the queen in her declining years.

If it's authentic, it could be worth millions.