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1933 Double Eagle to be Auctioned by Sotheby's


 
New York Times has reported that the only legal-to-own example of the notorious never-issued gold coin will be auctioned by
Sotheby’s on June 8 after being held in a private collection for 20 years.
The March 10 piece by
James Barron also identified the owner of the coin, who until now has remained anonymous. Purchasing the coin for a then-record-breaking $7,590,020 USD on July 30, 2002, footwear designer, entrepreneur, and philanthropist
Stuart Weitzman was known only as “Mr. Big” at the time of the sale. A childhood fascination with stamps and coins led him to purchase not only the 1933 double eagle but also the
1856 one-cent Magenta stamp from ....

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United States 1933 Double Eagle $20 Gold Coin


United States 1933 Double Eagle $20 Gold Coin
The
1933 double eagle $20 gold coin is one of American Numismatics’ most notorious coins. Only one surviving specimen was ever monetized and made legal to own, yet an uncertain number of examples still exist.
When the
United States made the controversial decision in 1933 to suspend the gold standard that it had based its monetary policy on since the turn of the 20th century, most double eagles dated that year were summarily melted down. It was an ignoble end for the most spectacular of all American coin designs.
That American sculptor
Augustus Saint-Gaudens would have a hand in creating that design and remaking American coinage was no easy accomplishment. The world-renowned sculptor, venerated in his time and even more so sense, had a serious distaste for the Mint’s bureaucracy and an even lesser opinion of its chief engraver. He turned down more commissions than he could possibly accept. Commissions with ....

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