How much is a 1933 double gold eagle worth?
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.
How much is a 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….Best Value American Gold Double Eagle $20 Bullion.
| QTY | Wire Transfer Price Per Unit |
|---|---|
| 20+ | $1,904 |
Why were the 1933 Double Eagle illegal?
1933 double eagle Roosevelt stopped the coinage of gold and made it illegal to own the metal (although coin collectors could retain their pieces). With one exception, no 1933 double eagles were ever legally released, although some were stolen from the government, and over the years several were recovered.
Why is the $7.6 million double eagle coin so valuable?
In 2002, Sotheby’s and numismatic firm Stack’s auctioned off a 1933 Double Eagle coin for $7.6million, the highest price ever paid for a coin. The Mint contends Israel Switt obtained a cache of the gold coins from his connections at the Mint just before they were to be reduced to bullion in 1937.
Why are coins called double eagles?
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’s the highest price for a 1933 Double Eagle?
It was sold in July 2002 in New York City for a record $7.6 million dollars—making it the highest price for any legal tender gold coin ever sold. You can now capture the mystery in our beautiful, privately minted, non-monetary adaptation of the 1933 Double Eagle design as a 14 mg 24 KT Gold clad Tribute Proof at an affordable price.
Why was the double eagle taken off the gold standard?
After it was struck in 1933, President Roosevelt, in one of his first acts as President, took the United States off the gold standard in an effort to help the struggling American economy out of the Great Depression. All of the 1933 Double Eagles were ordered destroyed, but ten specimens are known to have escaped into private hands.
Who was the person who stole the 1933 Double Eagle?
In August 2005, the United States Mint announced the recovery of ten additional stolen 1933 double eagle gold coins from the family of Philadelphia jeweler Israel Switt, the illicit coin dealer identified by the Secret Service as a party to the theft who admitted selling the first nine double eagles recovered a half-century earlier.
When did the Mint stop issuing double eagles?
Although the Mint records clearly show that no 1933 double eagles were issued, there were allegedly three weeks in March 1933 when new double eagles could possibly have been legally obtained. The mint began striking double eagles on March 15, and Roosevelt’s executive order to ban them was not finalized until April 5.