US Double Eagle gold coin sold for record $18.9m

[GenX]

https://www.bbc.co.uk/news/world-us-canada-57402432

This is quite a coin!

[Tn21]

Secret service sting, yuckkk 

[BackyardBullion]

"On Tuesday, it was sold by shoe designer Stuart Weitzman to a bidder whose identity has not been revealed.'

Come on...which one of you reprobates doesn't want to be identified....

[27carrots]

sold in 2002 7.59 million £215 maximum spot

resold now 18.9m £1337 spot

should have bought grubby bullion

[BackyardBullion]

2 minutes ago, 27carrots said:

sold in 2002 7.59 million £215 maximum spot

resold now 18.9m £1337 spot

should have bought grubby bullion

If that person had bought 7.59 millon worth of gold in 2002 it would now be worth about 46 millon....

[Norskgeld]

44 minutes ago, BackyardBullion said:

"On Tuesday, it was sold by shoe designer Stuart Weitzman to a bidder whose identity has not been revealed.'

Come on...which one of you reprobates doesn't want to be identified....

I'm Spartacus...😇

[dicker]

I think this is not 'expensive' given its history and rarity.  

I believe this is the only known legally owned example - at least 10 others are in the possession of the US Treasury having been 'discovered in the mid-2000's - being illegally owned (long story and well documented on the internet).

So there may be other 1933 DE's out there, but they are not legally owned and the US Government would certainly confiscate if these were ever put up for sale publicly....

Equally, if the US government decided to sell their unspecified number of 1933 DE's then the price would be badly impacted.

Cheers

Dicker

 

https://coinweek.com/us-coins/the-1933-double-eagle-americas-most-notorious-coin/

[GoldStatue]

I thought it was interesting that the two sets of stamps that were as equally rare and well known lost the collector money (when compared to purchase price) but the gold coin more than doubled his money.

[dicker]

48 minutes ago, GoldStatue said:

I thought it was interesting that the two sets of stamps that were as equally rare and well known lost the collector money (when compared to purchase price) but the gold coin more than doubled his money.

Good point! I suspect there is a stronger market for historic US Coins. I regularly see high prices reached for “Goldrush” coins - silver and gold, as well as those minted at the start of the US monetary system as we know it today.  
 

The 1933 DE does have quite a special history to it as well, which probably adds to its value.  
 

It is my strong suspicion that there are other 1933 DE’s out there, but no one would declare because the coins would be confiscated.