Double Eagle 1933 – “Forbidden” gold coin achieves world record price at auction

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The nominal value of 20 dollars turns into almost 20 million: The 1933 Double Eagle achieved a record price at auction and is now the most expensive piece of money in the world.

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The Double Eagle 1933 was auctioned on Tuesday in New York by the auction house Sothebys.

AFP

The

The “Double Eagle” shows on one side a female profile as a representation of Lady Liberty, …

Screenshot Sothebys

... on the other a flying eagle.

… on the other a flying eagle.

Sreeenshot Sothebys

  • The gold coin Double Eagle 1933 achieved a price of 18.9 million US dollars at auction.

  • This is a world record. Never before has anyone paid so much money for a coin at an auction.

  • The coin was once in the possession of an Egyptian king, and the later buyer had to fight for legal possession of the coin.

The gold coin Double Eagle 1933 was sold on Tuesday at an auction in New York for 18.9 million dollars (almost 17 million Swiss francs). It was auctioned off by the auction house Sotheby’s. This is a world record. Never before has anyone paid so much money for a coin at an auction.

The double eagle was the last gold coin to be minted for circulation. But it was never issued to the population. US President Franklin Roosevelt decided that coins should no longer be made of gold as a means of payment and ordered that all copies of the Double Eagle must be melted down again. Actually, this coin should no longer exist.

One copy escaped the US authorities

Nevertheless, a handful of the coins were spared this fate and made their way onto the market. The US authorities then confiscated all discoverable coins and declared in 1944 that any specimen in the possession of collectors was officially stolen.

One escaped the authorities and ended up in the collection of the then Egyptian King Faruk. He sold the Double Eagle to US designer Stuart Weitzman for $ 7.9 million in 2002. He fought in court that he was allowed to legally own the coin.

The Double Eagle shows on one side a female profile depicting Lady Liberty, on the other a flying eagle.

The buyers want to remain anonymous.

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(AFP/pco)

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