Wednesday, April 20, 2011

Rarest Coin In The World: The 1933 Gold Double Eagle

Rare Pennies You Should Hold Onto... Including The 1943 Penny ...

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One of the most rare and well-known coins in all of U.S. history is the 1933 Saint Gaudens Double Eagle -- a $20 gold coin that, by several accounts, shouldn't even be in existence.
It is the rarest and most valuable coin in the world, designed by a famed sculptor at the request of President Theodore Roosevelt in 1905. It should never have been minted. And, for decades, the U.S. government has fought to keep a surviving few out of private hands. Source
In the 1930s, during the depression, a law was passed that made it illegal to own gold coins due to many people hoarding a lot of valuable gold pieces.

However, when the law was passed, the U.S. Mint had already minted over 400,000 1933 Double Eagles. So, with the new law in place, the coins never left the Mint and were later ordered to be melted down.

Here is where the tale gets juicy!...

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