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 Replies: 16 / Views: 1,969 |
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Valued Member
United States
260 Posts |
What is the most a single coin has sold for? Could you tell me how much the date and mint and possibly show a photo? I am just curious
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Pillar of the Community
United States
986 Posts |
1933 double eagle, sold for a whopping $7.59 MILLION.
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Rest in Peace
United States
3730 Posts |
1933 Double Eagle.
It's interesting that there is speculation that more may exist. If that's true, think what it will do to the value of the one which sold for seven and one-half million!
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Pillar of the Community
Australia
3831 Posts |
quote:
Originally posted by fengk
1933 double eagle, sold for a whopping $7.59 MILLION.
Definately overrated especially when 10 more were found this year. The most expensive coin in the Russian numismatic is the rare 1825 Konstantin ruble, mintage of just 5-7! It went over half a million USD 3 years ago. Although I believe the most expensive coin was a coin minted in India, a few decades ago, which is a 12 kilo gold coin - I don't remember the specific details but the owner wanted a lot more than 12 million dollars - I wouldn't be suprised if there were only 2 such coins in the world! |
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New Member
United States
17 Posts |
quote:
Originally posted by Gary Burke
1933 Double Eagle.
It's interesting that there is speculation that more may exist. If that's true, think what it will do to the value of the one which sold for seven and one-half million!
There are more. But according to the govt. (I must disagree strongly with them on this) that one that sold for millions is the only legal one to own. In fact, I read ( a few months ago or last year I think? Can't remember) that someone found several in an old house and wanted them authenticated. Anyways, govt. agents took them all. If anyone finds one, they best keep quiet about it...(and if they have several, don't say you have several. lol, Those people were foolish for saying they had more than one). Really quite ridiculous that the govt. has spent so much time and money trying to take all these old gold coins, when it's not gonna hurt anything if people have them...but intelligence and government don't belong in the same sentence really. |
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Pillar of the Community
United States
2365 Posts |
There is a Bill in Congress right now that would eliminate confiscation of coins prior to a certain year. I can't remember the year right off hand. I believe it is a Representative Lewis that has written and proposed this Bill. Has anyone heard where this Bill currently stands. I believe that it's on the Senate's table.
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Pillar of the Community
United States
590 Posts |
I bet the guy who paid over 7 million isn't wanting these other ones back on the coin market. The auction value of his would probably loose a couple million or more. One of the 1913 liberty head nickels went for over 4 million last year(only 5 known).
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New Member
United States
15 Posts |
If he paid over 7 mil for the coin I wonder how many politicians he owns.
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Pillar of the Community
Canada
1152 Posts |
thats crazy!the highest price for a Canadian coin is just over 1 million. That was for a trial 1911 Dollar, of which 2 patterns exist in silver, and 1 in lead. One of the silver and the lead patterns now reside in a museum. The other is in private hands.
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Bedrock of the Community
United States
14454 Posts |
quote:
Originally posted by AntiqueCollector
[quote]There are more. But according to the govt. (I must disagree strongly with them on this) that one that sold for millions is the only legal one to own. In fact, I read ( a few months ago or last year I think? Can't remember) that someone found several in an old house and wanted them authenticated. Anyways, govt. agents took them all. If anyone finds one, they best keep quiet about it...(and if they have several, don't say you have several. lol, Those people were foolish for saying they had more than one).
Really quite ridiculous that the govt. has spent so much time and money trying to take all these old gold coins, when it's not gonna hurt anything if people have them...but intelligence and government don't belong in the same sentence really.
I read the same thing, there is only one "LEGAL" copy and it is the one that sold, if any others are found they belong to the Government and they will be confiscated without question |
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Bedrock of the Community
United States
14454 Posts |
After it was struck in 1933, President Roosevelt, in one of his first acts as President, took the United States off the gold standard in an effort to help the struggling American economy out of the Great Depression. All of the 1933 Double Eagles were ordered destroyed, but ten specimens are known to have escaped into private hands.However, as they had never been oficially "issued" as United States coinage, they cannot be legally owned. As a result, nine of the ten specimens were seized by, or turned in to, the United States Secret Service in the 1940s and 50s and were subsequently destroyed. The remaining 1933 Double Eagle, which will be offered, surfaced in 1996 and was seized by the United States Secret Service. The coin was returned to the United States Mint as a result of the Department of Justice's settlement of a forfeiture action, and in that landmark legal settlement, this one coin became the only 1933 Double Eagle now or ever authorized for private ownership by the United States Government. |
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Pillar of the Community
Canada
1152 Posts |
I had heard that after hurricane Katrina they found a number of specimens (around 10) when the roof of the old New Orleans mint was blown off.
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Bedrock of the Community
United States
14454 Posts |
quote:
Originally posted by dsking
There is a Bill in Congress right now that would eliminate confiscation of coins prior to a certain year. I can't remember the year right off hand. I believe it is a Representative Lewis that has written and proposed this Bill. Has anyone heard where this Bill currently stands. I believe that it's on the Senate's table.
I dont think it would really make a difference in this case because it is already illegal to own this coin so I still beleive no matter what they pass in legislature this coin will always be illegal to own. It may stop further laws like this or a NEW law where they say you have turn in all your silver coins but I do not think it would have any bearing in this case. The Government is the one who sold the 1933 Double Eagle and Guaranteed no others would be Legal to own so if they find any others they will either have to return the money the guy paid for the Only One, or they confiscate the others. I am sure they will do the one that costs them nothing which is confiscate the other coins |
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Valued Member
United States
383 Posts |
I find the law a bit strange when it comes to this. Supposedly people were allowed to purchase the 1933 eagles prior to official release. Friends of the mint so to speak picking out specimens early. The 1913 Liberty nickel is legal to own but was never issued. The 1974 aluminum cents were given to congressmen and requested back. Never issued but legal to own. I guess it is only wrong if it goes over a certain dollar amount. |
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Pillar of the Community
United States
547 Posts |
quote:
Originally posted by dsking
There is a Bill in Congress right now that would eliminate confiscation of coins prior to a certain year. I can't remember the year right off hand. I believe it is a Representative Lewis that has written and proposed this Bill. Has anyone heard where this Bill currently stands. I believe that it's on the Senate's table.
The bill protects coins made before 1933.  Here's a link to the actual bill. http://icreport.loc.gov/cgi-bin/que...:H.R.5077.IH: |
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Forum Kid
Kuwait
1523 Posts |
Maybe the owner secretely melted it down for melt value.
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Replies: 16 / Views: 1,969 |
Posted 05/28/2006 8:10 pm
