The 1933 Double Eagle Coin: How It Went from Forgotten to $20 Million of Pure Value.

The 1933 Double Eagle is one of the most famous and valuable coins in the world. Originally minted by the U.S. government, this coin is now considered one of the rarest in existence, with only a few surviving. 

The 1933 Double Eagle is a gold coin that was originally designed by the U.S. Mint to be used in everyday transactions. It featured a stunning design by artist Augustus Saint-Gaudens and was meant to help manage the nation's gold reserves. 

However, the coin was never officially released to the public. Due to the Great Depression and a change in U.S. currency laws, President Franklin D. Roosevelt ordered all gold coins, including the Double Eagle, to be recalled and melted down. 

In 1933, the U.S. government decided to take gold coins out of circulation as part of a move to stabilize the economy during the Great Depression.  

As a result, all gold coins, including the 1933 Double Eagle, were ordered to be melted down. However, a small number of these coins were illegally taken from the Mint, making them incredibly rare today. 

For years, it was believed that all the 1933 Double Eagles had been melted down. That was until one coin surfaced in 1996 when a private collector tried to sell it at an auction.  

The U.S. government quickly seized the coin, and it led to a legal battle over its ownership. Eventually, the coin was sold at auction for a whopping $7.6 million in 2002. 

The main reason for the 1933 Double Eagle's extreme value is its rarity. Only a few of these coins survived the melting process, and they are considered a part of American history. Because the coin was never legally released, it has a unique story that adds to its allure among collectors. 

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