The Most Valuable Coin In The World

In 1933 the United States Mint struck 445,000 Double Eagle $20.00 gold coins. The design was the Augustus Saint Gaudens liberty front with the soaring eagle back, which he had created in 1907. What makes this coin truly interesting is that to solve the bank crisis President Roosevelt signed the Gold Reserve Act in 1934 outlawing the circulation or private possession of US gold coins, with the exception of collector coins. Being the year after the coins were minted it did not fall into this category and would stay off that list until a lawsuit in July of 2001. Until 1944 these Double Eagles were traded amongst collectors and the US Government and Secret Service stepped in to seize these now rare coins. One of these coins was acquired for a private collection held by King Farouk of Egypt in the 1940’s. 40 years later the Double Eagle surfaced in New York and seized from a coin dealer. A lawsuit continued until 2001 and the coin was set up for auction in July 2002. The Double Eagle $20.00 gold coin sold for an amazing $7,590,020 and became the most expensive coin in the world. So just remember that pocket change you have might be worth a little more then you bargained for.