Golden Eagle Coins

Golden Eagle Coins

Buy Cheap Double Eagle Gold Coins
By Ricky Lim - Ezinearticles

Do you know what holds the record for the highest price paid at an auction for a single coin? This would have to be the 1933 double eagle coin. Now, people will wonder why they are so valuable. Well, the answer is they are no longer in circulation and are thus considered a rarity. In fact, to this date, almost all have been melted down. Nonetheless, there are still some that remain and the enthusiast just has to exert extra effort in finding these.

Privately possessing double eagle gold coins is nothing new to those who collect them. In fact, practically everyone wants to have one in their possession. Why do you think the buyer at the previously stated auction was willing to pay a hefty amount just to add a double eagle gold coin to his? An act was made that these would no longer be legal tender in the United States. That is why people had to turn in to their gold coins for currency. The 1933 double eagle gold coins were then struck after the executive order. This is the very reason why the coins have been melted.

But if one is really having a hard time obtaining his very own, he can see one personally by going to the US National Numismatic Collection where they have two of the $20 Double Eagles that were presented to the United States Mint. These two coins that were displayed in the museum were said to have been the only 1933 Double Eagle coins in existence however there are 20 coins that were recovered. These were probably stolen and were kept when there were instructions to melt the coins. Nine of these coins were illegally possessed.

These found their way through the Philadelphia jeweler Israel Switt. He was probably responsible in giving these to the collectors. They continued circulating among the collectors for several years even before the Secret Service were made aware of their existence. When this happened, the Mint officials then investigated where the other gold coins were. Seven of the coins were discovered and were then turned over to federal agents. It is interesting to note the impact of double eagle gold coins for investors, collectors, and those who just wish to become part of history that is represented by the gold coins. They all know the value of these investments.

Golden Eagle Coins