Collecting
Collector's Corner

In a joint sale in 2002, Stack’s and Sotheby’s sold a 1933 Double Eagle for $7.6million, the most ever paid for a coin.

Designed by Augustus Saint-Gaudens, the celebrated 19th Century American sculptor, the gold $20 coin was produced from 1907 through 1933. Most Double Eagles in excellent condition can be bought for less than $1000.

The 1933 Double Eagle
The 1933 Double Eagle

 

What makes the 1933 issue so valuable is that shortly after it was minted, the United States went off the gold standard, and the circulation of coins in this metal was outlawed, so the issue was never released.Most of the 445,000 coins were destroyed, but at least 10 are believed to have been stolen and sold.

 
Old coins
Although there has historically been a demand for rare coins that exceeds supply, causing substantial increases in value, there is no guarantee that this will be the case in the future. Demand for coins of a particular area, issue or type may be affected by regional or world trends and tastes.
 
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