20th century Coins
Except otherwise stated, all results include the premium.
See also : Coin US gold coins Chinese coins Cent and dime
Chronology : 1933
See also : Coin US gold coins Chinese coins Cent and dime
Chronology : 1933
1907 Ultra High Relief Double Eagle
Intro
President Roosevelt used to shake up preconceptions, often with common sense. In December 1904 he wrote to the Secretary of the Treasury that the U.S. coinage is an "atrocious hideousness" and suggested to entrust Augustus Saint-Gaudens to redesign the gold coins. The original of the typed letter, signed by the President, was sold by Heritage on August 3, 2012 for $ 94K.
For his second inauguration in 1905, Roosevelt required Saint-Gaudens to design a medal in parallel of the version traditionally handled by the official mint departments. He realized his models as high relief medallions from 28 to 36 cm in diameter.
The result pleased that stubborn President. He commissions in January 1906 Saint-Gaudens to prepare a new design inspired by the high relief of the antique Greek coins that they both admired in the collections of the Smithsonian.
Experienced in the design of medals, Saint-Gaudens knows nothing about industrial production. The conduct of the project will be marked by his bad relationship with Chief Engraver Charles Barber.
The double eagle in Ultra High Relief prepared by Saint-Gaudens is featuring on the obverse a standing figure inspired by the Victory of Samothrace and on the reverse the Gobrecht flying eagle.
Already hit by his terminal cancer, Saint-Gaudens stubbornly began this task, starting with the top gold coins : the eagle ($ 10) and the double eagle ($ 20).
The first trial of the double eagle, in February 1907, fails : one of the dies breaks, preventing the fourth and last unit from being completed, its edge being left plain. A coin from that first group, graded PR58, was sold for $ 1.06M by Heritage on August 3, 2012, lot 5434. It is recognizable by a sans serif typography on the edge, from a design used at the Mint on the previous year which will be soon abandoned.
After repair of the tooling plus some minor modifications, a second campaign is carried out, in two variants : several parts have an inverted position of the edge inscription. About thirteen coins were minted between March and July 1907
The process had taken seven strikings in the high pressure hydraulic press, normally used for very small quantities..Between two strikings, the piece was annealed and then washed in nitric acid to maintain the highest possible purity of the gold surface. The result was superb from the viewpoint of the color and brilliance of gold but it was impossible to consider such a technique for producing the big quantities needed for currency.
Saint-Gaudens dies in August 1907. Barber knew from the start that this Ultra High Relief which Roosevelt liked so much was impossible to industrialize. 361,667 double eagles are finally minted in December, reusing the Saint-Gaudens design with a flattened relief.
On December 31, an additional production of three UHR pieces is carried out at the request of the Mint Director.
The UHR coins were initially distributed to government officials and Mint personnel. A reconciled Barber finally acquired eight of them.
For his second inauguration in 1905, Roosevelt required Saint-Gaudens to design a medal in parallel of the version traditionally handled by the official mint departments. He realized his models as high relief medallions from 28 to 36 cm in diameter.
The result pleased that stubborn President. He commissions in January 1906 Saint-Gaudens to prepare a new design inspired by the high relief of the antique Greek coins that they both admired in the collections of the Smithsonian.
Experienced in the design of medals, Saint-Gaudens knows nothing about industrial production. The conduct of the project will be marked by his bad relationship with Chief Engraver Charles Barber.
The double eagle in Ultra High Relief prepared by Saint-Gaudens is featuring on the obverse a standing figure inspired by the Victory of Samothrace and on the reverse the Gobrecht flying eagle.
Already hit by his terminal cancer, Saint-Gaudens stubbornly began this task, starting with the top gold coins : the eagle ($ 10) and the double eagle ($ 20).
The first trial of the double eagle, in February 1907, fails : one of the dies breaks, preventing the fourth and last unit from being completed, its edge being left plain. A coin from that first group, graded PR58, was sold for $ 1.06M by Heritage on August 3, 2012, lot 5434. It is recognizable by a sans serif typography on the edge, from a design used at the Mint on the previous year which will be soon abandoned.
After repair of the tooling plus some minor modifications, a second campaign is carried out, in two variants : several parts have an inverted position of the edge inscription. About thirteen coins were minted between March and July 1907
The process had taken seven strikings in the high pressure hydraulic press, normally used for very small quantities..Between two strikings, the piece was annealed and then washed in nitric acid to maintain the highest possible purity of the gold surface. The result was superb from the viewpoint of the color and brilliance of gold but it was impossible to consider such a technique for producing the big quantities needed for currency.
Saint-Gaudens dies in August 1907. Barber knew from the start that this Ultra High Relief which Roosevelt liked so much was impossible to industrialize. 361,667 double eagles are finally minted in December, reusing the Saint-Gaudens design with a flattened relief.
On December 31, an additional production of three UHR pieces is carried out at the request of the Mint Director.
The UHR coins were initially distributed to government officials and Mint personnel. A reconciled Barber finally acquired eight of them.
1
PR69
2023 SOLD for $ 4.3M by Heritage
A UHR double eagle was sold for $ 4.3M by Heritage on August 10, 2023, lot 9082 in the fourth sale of the Harry Bass core collection. Please watch the videos shared by the auction house.
This near perfect coin features a razor sharp definition with a semiprooflike reflectivity.
It bears a provenance from the Clapp collection which had been acquired in its entirety by Eliasberg in 1942.
This near perfect coin features a razor sharp definition with a semiprooflike reflectivity.
It bears a provenance from the Clapp collection which had been acquired in its entirety by Eliasberg in 1942.
2
PR69 PCGS
2005 SOLD for $ 3M by Heritage
Two wonderful pieces of gold may sustain the claim of being the finest coins of the 20th century,
These Ultra High Relief $ 20 coin were graded PR69 by PCGS. One of them was sold for $ 3M by Heritage in November 2005, lot 6522 and for $ 2.76M by Stack's Bowers on June 29, 2012. Please watch the video shared by Stack's Bowers.
These Ultra High Relief $ 20 coin were graded PR69 by PCGS. One of them was sold for $ 3M by Heritage in November 2005, lot 6522 and for $ 2.76M by Stack's Bowers on June 29, 2012. Please watch the video shared by Stack's Bowers.
3
PR68 NGC
2021 SOLD for $ 3.6M by Heritage
A coin graded PR68 by NGC was sold for $ 3.6M by Heritage on February 24, 2021, lot 3802. An example in the same grade by PCGS was sold for $ 1.84M by Heritage in January 2007.
The unique coin stamped ASG is graded PR68 by NGC and PCGS.
In 1908 after the yearly destruction of the outdated tools, it was found that the informal promise to provide a sample to the Saint-Gaudens estate had not been met. When the widow claimed, the Mint chose to part with one of the pieces kept in its cabinet rather than recreating the tools.
The widow had marked the ASG initials on the edge of her coin before presenting it in long-term loan to the American Numismatic Society. Withdrawn many years later from ANS by the Saint-Gaudens estate, it is now resurfacing. It was sold for $ 2.1M by Heritage on January 7, 2015, lot 4412.
The unique coin stamped ASG is graded PR68 by NGC and PCGS.
In 1908 after the yearly destruction of the outdated tools, it was found that the informal promise to provide a sample to the Saint-Gaudens estate had not been met. When the widow claimed, the Mint chose to part with one of the pieces kept in its cabinet rather than recreating the tools.
The widow had marked the ASG initials on the edge of her coin before presenting it in long-term loan to the American Numismatic Society. Withdrawn many years later from ANS by the Saint-Gaudens estate, it is now resurfacing. It was sold for $ 2.1M by Heritage on January 7, 2015, lot 4412.
On the heels of the successful FUN auctions, Heritage Auctions is proud to present a diversified selection of more than 24 American gold and silver coins, all from The Paramount Collection.https://t.co/4dnHSsego6#USCoins #CoinCollectors #Numismatics pic.twitter.com/1ogUX1JSMk
— Heritage Auctions (@HeritageAuction) February 9, 2021
1911 Long Whisker Dragon Pattern Dollar
2022 SOLD for $ 3M by Stack's Bowers
The standardization of the currency is essential for maintaining some political unity in China. The production of coins is centralized in Tianjin and the dollar replaces the complicated system based on fractions of the tael.
The Tianjin mint survives the changes of regime : the fall of the Qing is followed by the republic, established on January 1, 1912, interrupted in 1915 by the self-proclamation of its president Yuan Shikai as emperor and restored after his death in 1916.
From 1910 to 1920 the head designer and chief engraver of the Tianjin mint was Luigi Giorgi on whom biographical details are scarce. He produced several designs of silver coins, some of which were signed with his name. His coins are drawn and engraved with great sharpness. His One Dollar with the Dragon in the Clouds, dated to the 3rd year of the child emperor Xuantung which is 1911 CE, is the last imperial coinage of the Qing.
Designed in the same year by Giorgi, the silver dollar with the Long Whiskers Dragon was not released for circulation. Its pattern coins are beautifully struck on specially prepared surface.
The best surviving specimen is graded SP-65 by NGC. It was sold for $ 430K by Bowers and Merena on December 4, 2010 and for $ 460K by Stack's Bowers on October 6, 2020, lot 41244.
A long whisker dragon pattern silver dollar graded SP63+ by PCGS was sold in Hong Kong for US $ 3M from a lower estimate of $ 750K on May 4, 2022 by Stack's Bowers, lot 51134. Please watch the Coin in motion shared by the auction house. The experimental strike included some variations. This pattern coin has stylistic differences in the Manchu script and the leaves on the reverse.
The fall of the Qing makes the dragon obsolete. This imperial symbol is soon replaced by the portrait of Yuan Shikai. The silver dollars with this effigy dated to the year 3 of the Republic, 1914 CE, were also prepared in Tianjin by Giorgi.
The Tianjin mint survives the changes of regime : the fall of the Qing is followed by the republic, established on January 1, 1912, interrupted in 1915 by the self-proclamation of its president Yuan Shikai as emperor and restored after his death in 1916.
From 1910 to 1920 the head designer and chief engraver of the Tianjin mint was Luigi Giorgi on whom biographical details are scarce. He produced several designs of silver coins, some of which were signed with his name. His coins are drawn and engraved with great sharpness. His One Dollar with the Dragon in the Clouds, dated to the 3rd year of the child emperor Xuantung which is 1911 CE, is the last imperial coinage of the Qing.
Designed in the same year by Giorgi, the silver dollar with the Long Whiskers Dragon was not released for circulation. Its pattern coins are beautifully struck on specially prepared surface.
The best surviving specimen is graded SP-65 by NGC. It was sold for $ 430K by Bowers and Merena on December 4, 2010 and for $ 460K by Stack's Bowers on October 6, 2020, lot 41244.
A long whisker dragon pattern silver dollar graded SP63+ by PCGS was sold in Hong Kong for US $ 3M from a lower estimate of $ 750K on May 4, 2022 by Stack's Bowers, lot 51134. Please watch the Coin in motion shared by the auction house. The experimental strike included some variations. This pattern coin has stylistic differences in the Manchu script and the leaves on the reverse.
The fall of the Qing makes the dragon obsolete. This imperial symbol is soon replaced by the portrait of Yuan Shikai. The silver dollars with this effigy dated to the year 3 of the Republic, 1914 CE, were also prepared in Tianjin by Giorgi.
1913 Liberty Head Nickel
Intro
At the end of 1912 as ever, the factories of the US mint are preparing the dies for the year to come. The order to stop the 5 cents comes on December 13, 1912 : officials of the US Mint had decided to abandon its Liberty Head design and to replace it with the Buffalo nickel. The already produced hardware will be recycled.
In 1920 five coins are displayed by a man named Samuel Brown at the annual meeting of the American Numismatic Association. Marked 1913, they are not very old at that time. They are the only 1913 5 cent specimens on the Liberty model.
In 1913 Brown had been employed at the Philadelphia Mint. These 5 cents were not documented. The five samples are from a brand new die, so that an expert was able to define in what order of precedence they were struck. They benefited from the special proof polishing. They possibly had been cast for a first test that became obsolete with the change of design.
The set was broken in 1936. Two of the five units are currently kept in public collections. One of them is in a lesser condition because one of its owners loved holding it in his pocket for showing it to his friends.
In 1920 five coins are displayed by a man named Samuel Brown at the annual meeting of the American Numismatic Association. Marked 1913, they are not very old at that time. They are the only 1913 5 cent specimens on the Liberty model.
In 1913 Brown had been employed at the Philadelphia Mint. These 5 cents were not documented. The five samples are from a brand new die, so that an expert was able to define in what order of precedence they were struck. They benefited from the special proof polishing. They possibly had been cast for a first test that became obsolete with the change of design.
The set was broken in 1936. Two of the five units are currently kept in public collections. One of them is in a lesser condition because one of its owners loved holding it in his pocket for showing it to his friends.
1
ex Eliasberg
2018 SOLD for $ 4.6M by Stack's Bowers
Louis E. Eliasberg Sr had assembled a complete set of US regular coins while looking for the best example of each variety. In 1952 he returned without compensation to the government his 1933 double eagle from an illegal release. His 1913 Liberty Head nickel, acquired by him in 1949, became the most prestigious piece in his collection.
Eliasberg considered this group of five to be the total population. Indeed no other example has ever surfaced. His copy is the best, graded PR66 by PCGS, and the only one from these five with a glittering mirror surface.
When Eliasberg died in 1976, his collection was shared between his two children. It was then the subject of several auctions. The 1913 Eliasberg Liberty nickel became the first coin to cross the million-dollar threshold at auction, on May 21, 1996 by Bowers and Merena, when Q. David Bowers' hammer fell at $ 1.35M, $ 1.485M including premium.
It was sold for $ 1.84M by Superior Galleries in March 2001. Two private transactions were revealed, at $ 4.15M in May 2005 and $ 5M in April 2007. It also passed at auction at Stack's in January 2007 .
The Eliasberg specimen of the 1913 Liberty Head nickel was sold for $ 4.6M by Stack's Bowers on August 15, 2018, lot 1096. The image shared by Wikimedia had been prepared for the 2001 auction.
Eliasberg considered this group of five to be the total population. Indeed no other example has ever surfaced. His copy is the best, graded PR66 by PCGS, and the only one from these five with a glittering mirror surface.
When Eliasberg died in 1976, his collection was shared between his two children. It was then the subject of several auctions. The 1913 Eliasberg Liberty nickel became the first coin to cross the million-dollar threshold at auction, on May 21, 1996 by Bowers and Merena, when Q. David Bowers' hammer fell at $ 1.35M, $ 1.485M including premium.
It was sold for $ 1.84M by Superior Galleries in March 2001. Two private transactions were revealed, at $ 4.15M in May 2005 and $ 5M in April 2007. It also passed at auction at Stack's in January 2007 .
The Eliasberg specimen of the 1913 Liberty Head nickel was sold for $ 4.6M by Stack's Bowers on August 15, 2018, lot 1096. The image shared by Wikimedia had been prepared for the 2001 auction.
The Liberty Head nickel was not officially minted, but five are known to exist, believed to have been struck secretly.
— Stack's Bowers (@StacksBowers) February 3, 2025
One of them sold for $4.5 million at auction in 2018, making it one of the most valuable coins in the world. pic.twitter.com/RAXVGVwutI
2
ex Olsen
2010 SOLD for $ 3.7M by Heritage
The 1913 Liberty Nickel, of which three units are still in private hands, is one of the rarest US coins. The Olsen specimen, so designated from one of its former owners, has even been featured in a television series in 1973, in which thieves were trying to appropriate it. To avoid damaging the precious object, it was replaced by a model in the turbulent scenes of the film, same as a featured character being doubled by a stuntman.
Graded PR64 by NGC, the Olsen specimen, which had also belonged to King Farouk, was sold by Heritage for $ 3.7M on January 7, 2010 and for $ 3.3M on January 9, 2014.
Its picture is shared by Heritage on Wikimedia : By Photo taken by Heritage Auctions (Provided by Heritage Auctions with permission) [CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons
Please watch the video shared in 2021 by Stack's Bowers after an exhibition beside the highlights of their November sale.
Graded PR64 by NGC, the Olsen specimen, which had also belonged to King Farouk, was sold by Heritage for $ 3.7M on January 7, 2010 and for $ 3.3M on January 9, 2014.
Its picture is shared by Heritage on Wikimedia : By Photo taken by Heritage Auctions (Provided by Heritage Auctions with permission) [CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons
Please watch the video shared in 2021 by Stack's Bowers after an exhibition beside the highlights of their November sale.
3
ex Walton
2013 SOLD for $ 3.2M by Heritage
The Walton specimen had a turbulent history. It was in the car of its owner at the time of his fatal crash in 1962. It was then out of view during 40 years, simply because the auctioneer responsible for the estate sale did not believe in its authenticity. Waiting for better days, the family had kept it.
Graded PR63 by PCGS, it was sold for $ 3.2M by Heritage on April 25, 2013, lot 4153.
Please watch the video shared by CoinWeek.
Graded PR63 by PCGS, it was sold for $ 3.2M by Heritage on April 25, 2013, lot 4153.
Please watch the video shared by CoinWeek.
1927 Denver Double Eagle
1
MS66 by PCGS
2022 SOLD for $ 4.4M by Heritage
The list of US coins of the twentieth century is well established, and leaves no place for surprise. However, collectors know that some pieces are unique : their passion is to find the finest possible example of each model.
A perfect piece has never been handled. Under these conditions of maintained cleanliness, color may vary due to the presence of a small amount of copper forming alloy with the bulk gold.
The $ 20 double eagle of Saint-Gaudens type is the most prestigious of US gold coins. Regular production was carried out from 1907 to 1932, but the number of variants exceeds the number of years because it also includes the identification of the mint. D stands for Denver, S for San Francisco and blank for Philadelphia.
From one year to another, the produced quantity could vary considerably, depending on available reserves. The top rarities are 1927-D and 1921. Two examples of the 1921 double eagle are known in the MS66 grade. They were respectively sold by Heritage for $ 1.1M in November 2005 and for $ 750K on January 5, 2012.
During the 1920s, the US government met increasing difficulties to maintain the fixed exchange rate between dollar and gold. Americans lost confidence in paper money and filled the vaults of their banks with gold for hoarding, making a huge financial mass unavailable for economic activities.
The government had no incentive to increase the circulation of gold, for the above reason and also because the USA, being a leading gold producing country, managed at that time a policy of export supply.
Since 1906 the Denver Mint was producing silver and gold coins, including the $ 20 double eagle gold coin. They stopped to release the double eagles after 1923. The 180,000 pieces with the 1927 year mark remained in storage. A small quantity was sold at face value to collectors. A similar policy was applied in San Francisco, leaving Philadelphia as the only center of double eagles for immediate circulation.
In 1933, President Roosevelt took strong monetary measures to tackle the crisis. It was now illegal for individuals to own gold and the government melted the federal stocks. In 1934 the Gold Reserve Act overvalued gold by 40% for increasing the earnings at export.
Production of double eagles in Denver in 1927, or 1927-D, has almost completely disappeared. It would be only 11 surviving plus 3 non located coins of this type. No circulation was released but it was not banned in period, making it the 'King of regular coins'.
The top graded 1927-D double eagle, certified MS67 by PCGS, was sold for $ 1.9M by Heritage on November 3, 2005, lot 6697.
Four coins are graded MS66 by PCGS including one MS66+. One without the +, featuring a sharp strike and beautiful yellow gold, was sold for $ 4.4M by Heritage on August 22, 2022, lot 3417. Please watch the video shared by the auction house.
A perfect piece has never been handled. Under these conditions of maintained cleanliness, color may vary due to the presence of a small amount of copper forming alloy with the bulk gold.
The $ 20 double eagle of Saint-Gaudens type is the most prestigious of US gold coins. Regular production was carried out from 1907 to 1932, but the number of variants exceeds the number of years because it also includes the identification of the mint. D stands for Denver, S for San Francisco and blank for Philadelphia.
From one year to another, the produced quantity could vary considerably, depending on available reserves. The top rarities are 1927-D and 1921. Two examples of the 1921 double eagle are known in the MS66 grade. They were respectively sold by Heritage for $ 1.1M in November 2005 and for $ 750K on January 5, 2012.
During the 1920s, the US government met increasing difficulties to maintain the fixed exchange rate between dollar and gold. Americans lost confidence in paper money and filled the vaults of their banks with gold for hoarding, making a huge financial mass unavailable for economic activities.
The government had no incentive to increase the circulation of gold, for the above reason and also because the USA, being a leading gold producing country, managed at that time a policy of export supply.
Since 1906 the Denver Mint was producing silver and gold coins, including the $ 20 double eagle gold coin. They stopped to release the double eagles after 1923. The 180,000 pieces with the 1927 year mark remained in storage. A small quantity was sold at face value to collectors. A similar policy was applied in San Francisco, leaving Philadelphia as the only center of double eagles for immediate circulation.
In 1933, President Roosevelt took strong monetary measures to tackle the crisis. It was now illegal for individuals to own gold and the government melted the federal stocks. In 1934 the Gold Reserve Act overvalued gold by 40% for increasing the earnings at export.
Production of double eagles in Denver in 1927, or 1927-D, has almost completely disappeared. It would be only 11 surviving plus 3 non located coins of this type. No circulation was released but it was not banned in period, making it the 'King of regular coins'.
The top graded 1927-D double eagle, certified MS67 by PCGS, was sold for $ 1.9M by Heritage on November 3, 2005, lot 6697.
Four coins are graded MS66 by PCGS including one MS66+. One without the +, featuring a sharp strike and beautiful yellow gold, was sold for $ 4.4M by Heritage on August 22, 2022, lot 3417. Please watch the video shared by the auction house.
'Legendary Rarity' 1927-D #DoubleEagle Leads Latest Bob R. Simpson Collection Offerings at Heritage's U.S. #Coins Auction.
— Heritage Auctions (@HeritageAuction) August 9, 2022
August 22-28 event also features collections of James R. McGuigan, Christopher J. Salmon and Tom Bender.
□ https://t.co/pEql8LFVjJ#numismatics pic.twitter.com/vGgOcDCj0u
#HERITAGELIVE For all intents and purposes, the 1927-D is "truly the king of all 20th century #GoldCoins." We are proud to announce that this spectacular Premium Gem example of this celebrated gold rarity just joined a new collection for $4,440,000.
— Heritage Auctions (@HeritageAuction) August 23, 2022
□ https://t.co/blBlsUZq79 pic.twitter.com/yahswvAVtW
2
MS65+ by PCGS
2025 SOLD for $ 3.84M by Heritage
Dr. Duckor built a collection of mint state (MS) unmodified Saint-Gaudens double eagles graded 65 or higher by PGCS. It includes only production coins (business strikes), and no test piece (proofs).
Although he had owned all types, his collection was not complete when it was dispersed by Heritage on January 5, 2012 : he had departed in 1998 from his 1929-D and never made his hand again on a specimen matching the above criteria.
The ex Duckor 1927-D is graded MS65+ by PCGS and previously MS66 by NGC. Introduced in 2010 by PCGS, the + rewards a magnificent eye appeal. It did not get a better grade because of slight bagmarks, but the perfection of its strike, its lustrous surface and its superb orange gold color were reported as 'truly magnificent' by one of the most demanding experts.
It was sold by Heritage for $ 2M on January 9, 2014, lot 5597, for $ 2.16M on January 9, 2020, lot 4046, and for $ 3.84M on January 16, 2025, lot 4964. Please watch the videos shared by the auction house before the 2020 and 2025 sales.
In 2012 the top lot in the Duckor sale was the 1921 double eagle, sold for $ 750K. This coin is sharing the top level recorded by PCGS for that variant, MS66, with the ex Morse which was sold for $ 1.1M by Heritage on November 3, 2005.
Although he had owned all types, his collection was not complete when it was dispersed by Heritage on January 5, 2012 : he had departed in 1998 from his 1929-D and never made his hand again on a specimen matching the above criteria.
The ex Duckor 1927-D is graded MS65+ by PCGS and previously MS66 by NGC. Introduced in 2010 by PCGS, the + rewards a magnificent eye appeal. It did not get a better grade because of slight bagmarks, but the perfection of its strike, its lustrous surface and its superb orange gold color were reported as 'truly magnificent' by one of the most demanding experts.
It was sold by Heritage for $ 2M on January 9, 2014, lot 5597, for $ 2.16M on January 9, 2020, lot 4046, and for $ 3.84M on January 16, 2025, lot 4964. Please watch the videos shared by the auction house before the 2020 and 2025 sales.
In 2012 the top lot in the Duckor sale was the 1921 double eagle, sold for $ 750K. This coin is sharing the top level recorded by PCGS for that variant, MS66, with the ex Morse which was sold for $ 1.1M by Heritage on November 3, 2005.
Fast fact: On this date in 1906, the Denver Mint struck its first coins. Did you know a 1927-D Double Eagle, graded NGC MS 66, sold at an @HeritageAuction sale for $1.99 million in 2014? Explorer the Double Eagles at https://t.co/elSMH797GV. #coin #coins #coincollecting #denver pic.twitter.com/teQTbJT42E
— NGC (@NGCcoin) February 1, 2018
1933 Double Eagle
2021 SOLD for $ 19M by Sotheby's
The hoarding of gold jeopardized the US economy. One of the very first decisions made by President F.D. Roosevelt, expressed by the Presidential Order of April 5, 1933, was the confiscation of gold.
The crisis had lasted since 1924 and the production of eagles and double eagles was considerably slowed down. The production of the 312,500 eagles of 1933 was finished before April 5 and this denomination was legal at that time. The production of the double eagles, which was in progress, was not interrupted : this batch was the last US gold coin struck for circulation.
On September 13, 1934, all gold coins in federal stocks were declared obsolete (uncurrent). In the following month two 1933 double eagles were sent to the Smithsonian for the National Collection as non-monetized samples. 445,469 pieces were in the vaults. This stock was melted in 1937.
Ten pieces escaped that melting, certainly stolen by the cashier of the Mint who will be jailed in 1940 for another scam. All of them were recovered and destroyed by the government except one that King Farouk had managed to acquire in 1944. The King had obtained for this piece an export license issued by the Secretary of the Treasury, either simply by mistake or to please that powerful sovereign. This license being federal, the Farouk specimen became the only 1933 double eagle with some legal US status. Any other example is illegal to own.
Removed at the request of the US government from the auction of the Farouk collections in 1954, the double eagle resurfaced in 1996, brought to New York by an English dealer. He was caught in the act by the FBI during his negotiations with his American customer.
The coin of the English dealer was with no doubt the ex Farouk specimen. A judicial compromise was found in 2001. The double eagle was listed for auction on July 20, 2002 by Sotheby's and Stack's. In order to declare for the first time the official release of this specific coin, the buyer was required to pay to the federal government its face value of $ 20 in addition to the auction final price : it was sold for $ 7,590,020. Here is the link to the catalog in the website of Stack's Bowers, successor to Stack's.
This coin was sold for $ 19M from a lower estimate of $ 10M by Sotheby's on June 8, 2021, lot 1. Its highly essential 2002 Certificate of Monetization is joined to the lot. It had been re-inspected in March 2021 by PCGS and graded Gem brilliant uncirculated MS 65.
The crisis had lasted since 1924 and the production of eagles and double eagles was considerably slowed down. The production of the 312,500 eagles of 1933 was finished before April 5 and this denomination was legal at that time. The production of the double eagles, which was in progress, was not interrupted : this batch was the last US gold coin struck for circulation.
On September 13, 1934, all gold coins in federal stocks were declared obsolete (uncurrent). In the following month two 1933 double eagles were sent to the Smithsonian for the National Collection as non-monetized samples. 445,469 pieces were in the vaults. This stock was melted in 1937.
Ten pieces escaped that melting, certainly stolen by the cashier of the Mint who will be jailed in 1940 for another scam. All of them were recovered and destroyed by the government except one that King Farouk had managed to acquire in 1944. The King had obtained for this piece an export license issued by the Secretary of the Treasury, either simply by mistake or to please that powerful sovereign. This license being federal, the Farouk specimen became the only 1933 double eagle with some legal US status. Any other example is illegal to own.
Removed at the request of the US government from the auction of the Farouk collections in 1954, the double eagle resurfaced in 1996, brought to New York by an English dealer. He was caught in the act by the FBI during his negotiations with his American customer.
The coin of the English dealer was with no doubt the ex Farouk specimen. A judicial compromise was found in 2001. The double eagle was listed for auction on July 20, 2002 by Sotheby's and Stack's. In order to declare for the first time the official release of this specific coin, the buyer was required to pay to the federal government its face value of $ 20 in addition to the auction final price : it was sold for $ 7,590,020. Here is the link to the catalog in the website of Stack's Bowers, successor to Stack's.
This coin was sold for $ 19M from a lower estimate of $ 10M by Sotheby's on June 8, 2021, lot 1. Its highly essential 2002 Certificate of Monetization is joined to the lot. It had been re-inspected in March 2021 by PCGS and graded Gem brilliant uncirculated MS 65.
Wie wurde die teuerste Münze der Auktionsgeschichte eigentlich zur teuersten Münze der Auktionsgeschichte? #münzen #numismatik #auktion #sammeln
— Barnebys.de (@Barnebysde) March 28, 2022
