The story of the 1933 Double Eagle is one of the most fascinating in coin collecting history. Originally made during the Great Depression, these gold coins were never meant to be in the hands of the public. All but a few were ordered to be destroyed by the U.S. government. However, some coins managed to escape destruction and have since become legendary, with one selling for over $30 million!
What Is the 1933 Double Eagle?
The 1933 Double Eagle is a $20 gold coin designed by sculptor Augustus Saint-Gaudens. It was part of a series of gold coins minted during the Great Depression.
Why Was the Coin Almost Destroyed?
In 1933, President Franklin D. Roosevelt stopped the use of gold coins to help combat the economic crisis. As a result, the U.S. Mint was ordered to melt down all the Double Eagle coins from that year.
How Did Some Coins Survive?
Although most of the 1933 Double Eagles were destroyed, a small number were smuggled out of the U.S. Mint before they could be melted down. These surviving coins are now incredibly rare.
Why Is the 1933 Double Eagle So Valuable?
The rarity of the 1933 Double Eagle, combined with its rich history, has made it one of the most sought-after coins by collectors. In 2021, one of these coins sold for a record-breaking $30 million.
How Can You Own a 1933 Double Eagle?
Owning a 1933 Double Eagle is nearly impossible for the average collector due to its rarity and value. However, a few coins are on display in museums, where people can view them.
The story of the 1933 Double Eagle is not just about a rare coin, but about a significant moment in U.S. history. From its creation during the Great Depression to its near destruction and eventual status as one of the most valuable coins ever, the 1933 Double Eagle has captured the imagination of collectors worldwide. This $30 million coin stands as a symbol of both American history and the enduring allure of rare collectibles.
How many 1933 Double Eagles exist today?
Only a few of the 1933 Double Eagles survived after being smuggled out of the U.S. Mint, making them incredibly rare.
What makes the 1933 Double Eagle worth $30 million?
Its rarity, historical significance, and the fact that it was never meant to be released to the public have made it highly valuable.
Can I see a 1933 Double Eagle in person?
Yes, a few 1933 Double Eagles are on display in museums, allowing people to view these historic coins.
How much did the most expensive 1933 Double Eagle sell for?
In 2021, one 1933 Double Eagle sold for $30 million, setting a record for the most expensive coin ever sold.
