04 March 2012

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Rarest US Double Eagle Gold Coin begins European Tour First City London Know about US Double Eagle Gold Coins

Rarest US Double Eagle Gold Coin begins European Tour First City London
Know about US Double Eagle Gold Coins

The 1933 Double Eagle, considered one of the rarest and most beautiful coins in America, has a face value of $20—and a market value of $7.6 million.

The U.S. Gold Double Eagle, Saint-Gaudens type, had been issued from 1907 until 1932. Although 445,500 Double Eagles had been minted with the 1933 date, none were released into circulation
They were not released because of policy change made by Great President Franklin Roosevelt.

All Gold coins were melted but few coins escaped.
Two of the 1933 specimens were given by the Mint to the U.S. National Numismatic Collection at the Smithsonian Institute.

These were the only two legal specimens to ever become part of a coin collection; however, by 1952, the Secret Service had confiscated 8 more 1933 Double Eagles

The financial instability following World War I through-out the world encouraged many private citizens to hoard gold, ultimately also affecting the U.S. gold reserves.

The problem was compounded in the 1930's by a general bank crisis that led, on March 6 to 9, to the closing of all Banks. President Franklin D. Roosevelt succeeded with his legislation "the Emergency Bank Relief Act" of March 9, 1933 and the "Gold Reserve Act" of Jan. 1934, in putting an end to these crises: banks were opened, but gold vanished.

The US government declared that all gold coin must be turned into the treasury and paper notes were given in exchange.

The legislation put an end to all circulation and private possession of U.S. gold; an exemption was granted for "gold coins having a recognized value to collectors of rare and unusual coins".

Late in 1934, the 1933 $20 coins were melted down, with the exception of the above two coins and a small number of other specimens, including the recently auctioned King Farouk specimen.

The two coins pictured above were added to the National Numismatic Collection on October 9, 1934.

Facts about Double Eagle Gold Coin

1. Value - 20.00 U.S. dollars
2. Mass - 33.431 g
3. Diameter - 34.1 mm (1.34252 in)
4. Thickness - 2.0 mm (0.07874 in)
5. Edge - Lettered - E Pluribus Unum
6. Composition - 90% Gold, 10% Copper
7. Years of minting -1933
8. Design - Lady Liberty holding a torch and olive branch, backed by a glory
9. Designer - Augustus Saint-Gaudens
10. Design date – 1907
11. Design - Bald eagle in flight, backed by a glory, with motto.
12. Designer - Augustus Saint-Gaudens
13. Design date – 1907

Since 2003, the 10 Double Eagles have been stored at the United States Bullion Depository, Fort Knox, Kentucky.

Just like Popular Movie Actors the double eagle coin will start its European journey.

The American numismatic treasure will be on show from the 3rd to the 4th March, just two days in London as it makes its way through several European capitals.
The coin will be on display in London from 10am and 4pm on Saturday 3 and Sunday 4 March. Admission is free.

If you are coin collector or interested about coins then you can follow the tour updates below.



Reality views by sm –

Sunday, March 04, 2012

Tags – Double Eagle Coin US European Tour


Destination Infinity March 04, 2012  

I think this is just hype. They are marketing a much lower valued coin hoping that it would sell for a fortune.

Destination Infinity

chitra March 06, 2012  

Good information..coins in gold...cannot even imagine their real value these days..

Unknown November 20, 2012  

I truly like to reading your post. Thank you so much for taking the time to share such a nice information.
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Unknown December 13, 2012  

Your work article, blogs I mean over all contents is must read stuff.