The 1933 Double Eagle coin is one of the rarest and most valuable coins in the United States. Its history, limited mintage, and legal controversies make it highly sought after. Collectors and investors recognize its immense worth, with one selling for over $18 million at auction. Understanding its rarity and significance can help uncover why it remains a prized possession.
What Makes the 1933 Double Eagle Coin Unique?
Several factors contribute to the rarity and high value of the 1933 Double Eagle coin. These include historical context, legal restrictions, and scarcity.
1. Historical Significance of the 1933 Double Eagle Coin
- Last U.S. gold coin intended for circulation – The Great Depression led to its recall.
- Never officially released – President Roosevelt banned gold circulation before these coins were issued.
- Surviving coins are illegal to own – Except for a few legally auctioned specimens.
2. Legal Controversy and Ownership Issues
- Gold Reserve Act of 1934 – Prohibited private ownership of gold coins.
- Confiscation of privately held 1933 Double Eagles – The government seized most known specimens.
- Only one coin is legal for private ownership – Sold for a record-breaking price in 2021.
3. How Many 1933 Double Eagles Still Exist?
- 445,500 coins were minted – None officially circulated.
- Most were melted down – Only a few escaped government destruction.
- Smithsonian Institution holds two specimens – Not available for private ownership.
4. How to Identify a Genuine 1933 Double Eagle
Design and Features
- Lady Liberty holding a torch and olive branch.
- The reverse features an eagle in flight above the sun.
- 1933 date clearly marked below Liberty.
Authentication Process
- Must be certified by PCGS or NGC.
- Provenance is critical to legal ownership.
- Coins without government authorization are subject to seizure.
Where to See the 1933 Double Eagle Coin
Smithsonian National Museum of American History
- Displays two of the known legal specimens.
- Part of the museum’s rare coin collection.
Major Numismatic Auctions
- The only privately owned 1933 Double Eagle was sold at Sotheby’s.
- Rarely available due to legal ownership restrictions.
Private Collections and Exhibits
- Occasionally showcased at prestigious coin expos.
- Limited public viewing opportunities.
FAQs About the 1933 Double Eagle Coin
1. Why is the 1933 Double Eagle illegal to own?
The U.S. government recalled and banned gold coins from circulation in 1933.
2. How much is the 1933 Double Eagle worth today?
One sold for over $18 million in 2021, setting a world record.
3. Can I buy a 1933 Double Eagle?
No, except for the one privately owned legal specimen.
4. How many 1933 Double Eagles exist today?
Only a few remain, with two held by the Smithsonian.
5. What makes the 1933 Double Eagle so rare?
Its recall, legal battles, and high demand among collectors.
