Some coins have acquired great value over the years; Although we have learned that they can be worth thousands of dollars, did you know that there is one that is considered the most valuable in the world, as it is worth close to 20 million dollars?
Yes, as you read, there is an American coin that has a millionaire value. What it is, who has it, its history and more in the following paragraphs.
THE COIN WORTH ALMOST 20 MILLION DOLLARS
The coin worth almost $20 million is the Double Eagle, a gold coin that was minted in 1933. and was auctioned in 2021 for $18.9 million.
David Vagi, director of Numismatic Guaranty Company Ancients (Numismatic Guarantee Company, in Spanish), announced that as soon as it went on the market in 2002, It was originally sold for 7 million dollars and over the years its value increased. “This stands out as the most valuable US coin of all time”he pointed.
When it was announced that it was going to be auctioned in 2021 in New York, it was thought that they were going to offer between 10 to 15 million for it, they never thought that it would reach almost 19 million, publishes Telemundo 52.
WHY IS THE DOUBLE EAGLE COIN WORTH NEARLY 20 MILLION DOLLARS?
The Double Eagle coin is worth nearly $20 million for having survived a historic event; That is, it should not exist today.
To understand better, we must go back to the year 1933 when he President Franklin D. Roosevelt issued an order limiting possession of gold coins. To continue along these lines, the United States Congress passed the Gold Reserve Act of 1934, which declared the possession of these coins illegal; Therefore, those who had them simply had to return them to be melted.
“Double Eagle, which is a $20 gold piece, was minted in 1933, and this is right around the time that private ownership of gold was banned in the United States. In general, small amounts of gold could be kept, but general ownership of gold was prohibited.said Vagi.
Despite the prohibitions, some coins managed to “survive”, now that time has passed and it is no longer illegal to possess them, one of them is worth that millionaire amount; although it wouldn’t be the only one. “[Estados Unidos] issued a huge number of gold coins in the 18th, 19th and early 20th centuries, millions of them. Some survive and people love to collect them to this day.”said David Vagi.
According to the Smithsonian Museum of American History, the Double Eagle was the last series of gold coins that was minted in the United States, just as an era that began in 1795 was ending, publishes the same American television channel.
HOW DID THEY FIND THE DOUBLE EAGLE COIN WORTH ALMOST 20 MILLION DOLLARS?
On Telemundo 52 they specify that the most valuable currency in the world was legally exported by King Farouk of Egypt; However, it was lost for more than 40 years until it reappeared in the possession of a British collector in 1996. who was arrested. From that moment, there was a legal battle and it was decided in 2001 that it be auctioned, the following year it was legally sold for US$7.5 million to millionaire Stuart Weitzman.
Although they ended up with most of these coins, only two were authorized to be in the Smithsonian Museum of American History; However, there are others that are still in circulation.