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Mon Jun 14, 2021, 11:59 AM

The World's Most Valuable Coin Sells at Auction for $18.9 Million

Three small collector’s items, each small enough to hold in the palm of one’s hand, broke records on Tuesday when they sold for more than $30 million in New York City. Luxury shoe designer Stuart Weitzman auctioned off the rare objects, dubbed the “Three Treasures,” at Sotheby’s, reports James Barron for the New York Times. The trio included a shiny gold coin, a set of famously misprinted stamps and a small scrap of magenta paper popularly called “the world’s rarest stamp.”

Of the three, the 1933 “Double Eagle” stole the show, becoming the world’s most valuable coin by selling for a whopping $18.9 million. (The buyer did not want to be identified.) Per a statement, Weitzman purchased the gold $20 coin for $7.59 million in 2002; this time around, it was estimated to fetch between $10 and $15 million.

The Double Eagle coin was the last gold currency struck in the United States, reports Reuters. The newly sold specimen’s value stems from its status as the only legally privately owned 1933 Double Eagle known to survive today.

The Double Eagle’s final design is widely lauded as one of the most beautiful of all time. First minted in 1907, the coin features an image of Lady Liberty striding forward on its obverse and an eagle in flight on its reverse. As Owen Edwards reported for Smithsonian magazine in 2008, the sculptor based the figure of Liberty on Harriette Eugenia Anderson, a well-known model of African American descent from South Carolina.

https://www.smithsonianmag.com/smart-news/1933-double-eagle-sells-189-million-sets-world-record-most-valuable-coin-180977965/





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