Discover the fascinating history of the 1933 Double Eagle, a rare and highly valuable coin. Learn about its mintage, design, and the infamous gold recall that led to its rarity. Find out why this coin is highly sought after by collectors and what makes it so unique in the world of numismatics.
The 1933 Double Eagle is one of the most iconic and coveted coins in American history. With its stunning design and rarity, it's no wonder that collectors and numismatists are willing to pay top dollar for this prized coin. Here are five fascinating facts about the 1933 Double Eagle that you might not know:
A Brief History of the Double Eagle
The Double Eagle was first introduced in 1849, during the California Gold Rush. It was a $20 gold coin that was designed by James B. Longacre, and it quickly became a popular denomination among investors and collectors. Over the years, the Double Eagle underwent several design changes, but its gold content and value remained the same.
The 1933 Double Eagle: A Rare and Controversial Coin
In 1933, President Franklin D. Roosevelt took the United States off the gold standard, and the production of gold coins came to a halt. However, before the official announcement, a batch of 445,500 Double Eagles had already been minted. These coins were never officially released to the public, and they were supposed to be melted down and turned into gold bars. However, a few coins managed to escape, and they have since become some of the rarest and most valuable coins in the world.
The Illicit Minting of the 1933 Double Eagle
How the 1933 Double Eagle Was Smuggled Out of the Mint
According to legend, a few enterprising individuals managed to smuggle a small batch of 1933 Double Eagles out of the Philadelphia Mint. It's believed that these coins were hidden in a desk drawer or a small box and taken out of the mint by a mint employee. Over the years, these coins have surfaced at various auctions and collector's meetings, and they have been sold for record-breaking prices.
The Rarity and Value of the 1933 Double Eagle
Only 445,500 Double Eagles were minted in 1933, but it's estimated that only about 13 coins have survived to this day. The rarity and value of the 1933 Double Eagle are unmatched, and it's considered one of the most valuable coins in the world. In 2002, one of these coins sold for $7.59 million, and in 2011, another coin sold for $18.9 million.
The Authentication and Verification Process
How to Verify the Authenticity of the 1933 Double Eagle
Due to the rarity and value of the 1933 Double Eagle, it's essential to verify the authenticity of any coin that claims to be a genuine 1933 Double Eagle. The authentication process involves examining the coin's surface, weight, and design, as well as verifying its provenance. The Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC) are two reputable organizations that provide authentication and grading services for rare coins like the 1933 Double Eagle.
Counterfeit 1933 Double Eagles
Unfortunately, the rarity and value of the 1933 Double Eagle have also led to counterfeiting. Several counterfeit coins have been discovered over the years, and they can be difficult to spot. Counterfeit coins often have minor design flaws, incorrect weights, or other telltale signs that can help identify them as fake.
Famous Owners of the 1933 Double Eagle
Celebrities and Collectors Who Own the 1933 Double Eagle
Several famous collectors and celebrities have owned the 1933 Double Eagle over the years. One of the most famous owners was King Farouk of Egypt, who owned several of these coins. Other notable owners include financier and collector Stuart Weitzman and the wealthy collector and philanthropist, Eric P. Newman.
The 1933 Double Eagle: A Coin of Legend
The 1933 Double Eagle is a coin of legend, and its rarity and value have made it a holy grail for collectors and numismatists. Its rich history, stunning design, and illicit minting have all contributed to its allure, and it continues to captivate collectors and historians to this day.
Conclusion: The 1933 Double Eagle's Enduring Legacy
The 1933 Double Eagle is a true numismatic treasure, and its legacy continues to inspire and captivate collectors and historians. Whether you're a seasoned collector or just starting out, the 1933 Double Eagle is a coin that is sure to impress. With its stunning design, rich history, and unparalleled value, it's no wonder that this coin remains one of the most coveted and sought-after coins in the world.
Gallery of Rare and Valuable Coins
Rare and Valuable Coin Image Gallery
What's Your Take on the 1933 Double Eagle?
Share your thoughts on the 1933 Double Eagle in the comments below! Are you a collector or numismatist who's fascinated by this coin? Do you have any favorite stories or anecdotes about the Double Eagle? Let us know!