Owning a piece of history is a dream for many collectors, but what if that piece of history is a $7.85 million gold coin? The 1933 Double Eagle is one of America’s rarest and most valuable coins, known for its unique history, legal controversies, and record-breaking auction prices. But could you actually own one? Let’s dive into the fascinating world of rare coins and uncover the truth about this extraordinary piece of American numismatic history.
Could You Own the $7.85 Million Gold Coin:
| Topic | Details |
|---|---|
| Coin Name | 1933 Double Eagle |
| Value | $7.85 million (sold in 2002), later $18.9 million (2021) |
| Mintage | 445,500 minted, most melted down |
| Rarity | Only one legally owned by a private collector |
| Legal Status | Most are illegal to own due to government seizure |
| Record Auction | $18.9 million at Sotheby’s (2021) |
| Official Resources | Smithsonian Institution |
The 1933 Double Eagle remains one of the most legendary coins in American history. While it is nearly impossible for a private collector to legally own one, the coin continues to captivate numismatists and investors alike. Fortunately, there are still many legal and valuable U.S. coins available for those looking to invest in historic numismatics. From Flowing Hair Silver Dollars to Saint-Gaudens Double Eagles, the world of rare coins offers countless opportunities for collectors and investors alike.
The Story Behind the 1933 Double Eagle
The 1933 Double Eagle was a $20 gold coin produced during the final days of the U.S. gold standard. That year, President Franklin D. Roosevelt issued an order halting the circulation of gold coins, leading to the melting down of nearly all 1933 Double Eagles. However, a handful of these coins managed to escape destruction, leading to decades of intrigue, legal battles, and astonishing auction prices.
Why Is It So Valuable?
- Scarcity: The U.S. government ordered all 1933 Double Eagles to be destroyed, making the few surviving pieces incredibly rare.
- Legal Controversy: Unlike other rare coins, the U.S. government still considers most of these coins as property of the U.S. Treasury.
- Historical Significance: It marks the end of the gold coin era in American history.
- Auction Records: One sold for $7.85 million in 2002 and later $18.9 million in 2021.
- Unmatched Collectibility: The coin’s history and rarity make it a prized possession among numismatists worldwide.
Can You Own a 1933 Double Eagle?
Legal Battles and Ownership Rights
The U.S. government has taken a firm stance on the ownership of 1933 Double Eagles. Most of them were confiscated when they surfaced in private collections. However, one specific coin was legally auctioned off in 2002 after a settlement with the U.S. government.
- The One Exception: The only privately owned legal 1933 Double Eagle was sold at Sotheby’s for $18.9 million in 2021.
- Other Coins Seized: In 2005, a family discovered 10 more Double Eagles, but the U.S. Treasury confiscated them after a court ruling.
- Why Government Intervention? The U.S. considers these coins part of its treasury reserves, making ownership legally challenging.
How to Legally Own Rare Gold Coins
While owning a 1933 Double Eagle is almost impossible, you can still collect other rare and legal U.S. gold coins. Here’s how:
- Purchase Certified Coins – Look for coins graded and authenticated by NGC (Numismatic Guaranty Company) or PCGS (Professional Coin Grading Service).
- Check U.S. Mint Releases – The U.S. Mint sells commemorative gold coins, some of which appreciate over time.
- Attend Auctions – Renowned auction houses like Sotheby’s and Heritage Auctions sell rare legal coins.
- Invest in Gold Bullion Coins – Modern American Gold Eagles and Buffalos are legal to own and trade.
- Explore Historical Coins – Coins from the 18th and 19th centuries can also be valuable investments.
Other Expensive U.S. Coins
If you can’t own the 1933 Double Eagle, here are other valuable coins worth considering:
- 1794 Flowing Hair Silver Dollar – Sold for $10 million in 2013.
- 1913 Liberty Head Nickel – One of five known, sold for $4.5 million.
- 1804 Silver Dollar – The “King of American Coins,” worth millions.
- 1894-S Barber Dime – Only nine known, valued at over $2 million.
- Saint-Gaudens Double Eagle (1907) – A legal and highly sought-after gold coin.
- Draped Bust Dollar (1795-1803) – An extremely rare early U.S. silver dollar that attracts high bids at auctions.
This Lincoln Penny Could Be Worth $840,000 – Check Your Spare Change
These 1970’s 5 High Value Coins are Worth More Than $10,000! Check If you have it
1909-S VDB Penny Worth $2 Million? 5 More Valuable Coins Like this!
Frequently Asked Questions (FAQs)
1. Why is the 1933 Double Eagle so rare?
Most of them were melted down after the U.S. abandoned the gold standard, leaving only a few known examples in existence.
2. Can I legally buy a 1933 Double Eagle?
No, except for the one legally auctioned coin. All others are considered illegal to own by the U.S. government.
3. How do I start collecting rare coins?
Begin with legal U.S. gold and silver coins, buy from reputable dealers, and have your collection authenticated by NGC or PCGS.
4. What is the most expensive coin ever sold?
The 1933 Double Eagle currently holds the record, selling for $18.9 million in 2021.
5. Where can I learn more about rare coins?
Visit official sources like the Smithsonian Institution or numismatic organizations such as the American Numismatic Association (ANA).
6. Are rare coins a good investment?
Yes! While some coins appreciate slowly, historically significant coins often see steady growth in value.
