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Three Treasures to sell for millions at Sotheby s - EXCELSIO | News & Information
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(Reuters) - A ‘Three Treasures’ sale of rare stamps and a gold coin from the personal collection of shoe designer Stuart Weitzman is set to fetch millions of dollars at an auction at Sotheby’s in New York City in June.
The 1933 Double Eagle Coin was originally cast as a $20 coin, but it was never issued for use. After U.S. President Franklin Roosevelt took the country off the gold standard, all of the Double Eagles were ordered destroyed. However, a handful were released and all but one of them deemed stolen.
Now, the only 1933 Double Eagle Coin ever allowed to be privately owned is up for sale at Sotheby’s, with the auction house estimating the coin will sell for between $10 million and $15 million.