Why is the 1933 Double Eagle coin so valuable?
Why is the 1933 Double Eagle coin so valuable?
Of the three, the 1933 “Double Eagle” stole the show, becoming the world’s most valuable coin by selling for a whopping $18.9 million. The newly sold specimen’s value stems from its status as the only legally privately owned 1933 Double Eagle known to survive today.
What is the value of a 1933 gold Double Eagle replica?
In 2002, the 1933 double eagle allegedly owned by Egypt’s King Farouk sold for $7,590,000 at auction. It graded MS-65 and was — and currently is — the only 1933 double eagle that can be legally owned by an individual. So if the coins are ruled private property, are the “Langbord 10” worth around $7 million each?
Why is it called 1933 double eagle?
A double eagle is a gold coin of the United States with a denomination of $20. (Its gold content of 0.9675 troy oz (30.0926 grams) was worth $20 at the 1849 official price of $20.67/oz.) Since the $20 gold piece had twice the value of the eagle, these coins were designated “double eagles”.
What is the rarest double eagle?
1933
The exceptionally rare 1933 “Double Eagle” is now the most valuable coin ever to appear at auction, almost doubling the previous world record, according to Sotheby’s, which organized the sale. Featuring Liberty on one side, and an eagle in flight on the other, the coin has a face value of $20.
How much is a $20 double eagle worth?
The American Double Eagle has a face value of $20 and was minted 1849-1933. It is 0.9675 troy-ounce of fine gold. The coin will be from a random year of our choosing will be in fair to good condition. If you require a specific year please see our Specific Year $20 Eagles….Best Value American Gold Double Eagle $20 Bullion.
| QTY | Wire Transfer Price Per Unit |
|---|---|
| 20+ | $1,858 |
Is it illegal to own a double eagle coin?
Currently, with the exception of the one sold on July 30, 2002, 1933 double eagle coins cannot be the legal possession of any member of the public, as they were never issued and hence remain the property of the United States government.
Is the $2 Double Eagle legal tender?
Today, you have the opportunity to acquire the magnificent, new 2021 Silver Double Eagle $2 Coin. Inspired and endorsed by Treasurer Buchanan, this 39 mm non-circulating legal tender Cook Islands issue is struck in . Each coin boasts two American Eagles in flight on the obverse, with the words “American Double Eagle”.
What is the most expensive coin in history?
Cost: $10 Million The most expensive coin in the world is the 1794/5 Flowing Hair Silver/Copper Dollar. Several expert Numismatic researchers believe that this was the very first silver coin to be minted and issued by the U.S Federal Government.
Why was there no double eagle in 1933?
The 1933 Gold Double Eagle was Never Officially Issued The U.S. $20 Gold Double Eagle, Saint-Gaudens type, had been issued from 1907 until 1932. Although 445,500 Double Eagles had been minted with the 1933 date, not one was released into circulation because of changes made to currency laws during the Great Depression.
When did the US Mint melt down the 1933 Double Eagle?
Since there would be no more gold currency issued in the U.S., the Mint had melted down the 1933 run of Gold Double Eagles and converted them to gold bullion bars by 1937. The Mint gave two of the 1933 specimens to the U.S. National Numismatic Collection at the Smithsonian Institute.
What was the value of the 1933 Saint Gaudens Double Eagle?
The U.S. 1933 $20 Saint-Gaudens Gold Double Eagles are coins of mystery and intrigue. They were never officially released by the United States Mint and all of them were supposedly melted.
Who was the head of the US Mint in 1933?
The two New Yorkers—the president and the artist—had an enthusiastic, animated conversation about the beauty of high-relief Greek coins. Dinner saw the three men discussing the scheme for redesigning the cent, the eagle (gold $10) and the double eagle (gold $20) behind the back of U.S. Mint Chief Engraver Charles E. Barber.