|
Home Gold Investing Strategies Forum Home 
|
Mystery of the 1933 Double EagleAll listings are the responsiblity of the posters; keep in mind, anyone can post anything! |
us |
|
| ||
|
Home Gold Investing Strategies Forum Home
|
Mystery of the 1933 Double EagleAll listings are the responsiblity of the posters; keep in mind, anyone can post anything! |
us |
|
| ||
Gold Investing StrategiesMystery of the 1933 Double Eagle
Not all gold coins are made equal. Some of them are more valuable than the others because of varying reasons. When there are stories to tell about a particularly rare coin, the more expensive it gets. Da Vinci's Mona Lisa became arguably the most valuable painting in existence because of the mystery of her smile, the stories that circulated about it, and even the way it was lost once. The same can be said about gold coins. The most expensive gold coin to have been ever sold at an auction is the 1933 Double Eagle . It set the record price for an auction of a gold coin when it was sold $7.59 million. It was then given a currency value of $20, making it the only coin of its kind that was allowed to go in circulation. There were nearly 450,000 of these coins minted in 1933, but none were formally put into circulation because it was at the end of the use of the gold standard. Most of the gold coins were ordered to be melted, with two of them getting sent to the US National Numismatic Collection at the Smithsonian Institute. However, for some reason, some of these gold coins escaped the melt and fell to private hands. There were speculations that this had something to do with corrupt officials at the Mint. The story behind this gold coin goes through nearly 80 years, with more than half of this time there was no news about it. It was most notably owned by King Farouk of Egypt, a notable gold coin collector. What made it more intriguing is the endless pursuit of the Secret Service for this coin. Due to this, beliefs have already sprouted regarding the supposed talismanic powers of the gold coin. An auction wherein the sales were divided between the government and the previous owner of the coin (the one which eventually valued the coin for $7.9 million) seemed like the happy ending to the story. Just recently, however, the 1933 Double Eagle came under the spotlight. Apparently, 10 more of these coins escaped the melt and fell in another family's (The Langbords', descendants of the Philadelphia jeweller Israel Switt) hands. They had the coins authenticated by the government, only to realize that it is not going to be returned by the government anymore. The trial by a Philadelphia federal jury ruled in the government's direction but appeals still have to be made. More information about the circumstances of the trial can be found here . You can talk about... Mystery of the 1933 Double Eagle Tags: • philadelphia • numismatic • circulation • currency • coins • mystery • gold standard • currency value • record price • gold coins • Related articles:
Mystery of the 1933 Double Eagle Gold Investing Strategies |
Have you added a link to us from your website? (277507939):
(rozwqizwipzetw) Privacy & DMCA Policy -- Sitemap |
