Among the rarest coins in the world of numismatics lies the beautiful example of the 1933 Saint-Gaudens Double Eagle coin.
This coin was designed by the famous artist Augustus Saint-Gaudens, and it is an excellent example of his works of art and exact craftsmanship.
But its scarcity is not because of its beautiful design but also because of the interesting and unique story behind it that makes this coin special. This coin was made by the US Mint in the year 1933, but it was never officially put into circulation.
1933 Saint-Gaudens Double Eagle
The 1933 Saint-Gaudens Double Eagle is a gold coin minted in the United States, with an original face value of $20.
The obverse of this coin depicts the beautiful figure of Lady Liberty holding a torch and an olive branch. It is a symbol of knowledge and peace. The back of the coin shows a flying eagle, therefore signifying freedom.
As amazing as the beauty of this coin is, its rarity also makes it priceless for collectors.
Saint-Gaudens Double Eagle History
The history of the 1933 Saint-Gaudens Double Eagle is deeply tied to America’s 20th century economic struggles. In 1933, the US Mint produced approximately 445,500 coins, but due to the Gold Reserve Act, not a single coin was struck.
Did not formally come into use. Under this law, people had to hand over their gold coins and properties to the government. This increased the mystery and attraction around this coin.
1933 Double Eagle Legal Issues
Legal disputes over the 1933 double eagle have been ongoing for decades. The US government declared these coins illegal, as they were considered treasury property.
Despite this, some coins were found in private collections, giving rise to disputes over ownership. These legal complications further increased the fame and attractiveness of this coin.
1933 Double Eagle Auction Record
Coin or tokens being a rarity and holding historical importance bring in incredible prices when put up at an auction. In 2002, one of this coins was sold for $7.6 million and sets the record as the most expensive coin in the world.
So far, its price has continued to go up with years, and the coin is still one of the most coveted collectibles around the world.
Escaped 1933 Double Eagles
A very small number of 1933 Double Eagle coins survived the melting and confiscation. It is believed that these coins were secretly taken out of the US Mint. These remaining coins remain the center of controversy and curiosity of collectors. Their presence is proof of their unique and difficult journey.
Saint-Gaudens Design Legacy
The design of the 1933 Saint-Gaudens Double Eagle is considered one of the most beautiful U.S. coins ever struck. The artistry of its designer, Augustus Saint-Gaudens, left a deep impression on the design of American coins. It remains a symbol of artistic and cultural achievement, to say the least.
1933 Double Eagle Investment Value
Investment value is what makes the 1933 Saint-Gaudens Double Eagle unmatched. Over time, it has appreciated in price because it is also so rare. Getting the coin is not only a monetary milestone but also a historic milestone in the eyes of collectors and investors.
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| Coin Variant | Year | Estimated Value Range | Special Features |
|---|---|---|---|
| Saint-Gaudens Double Eagle | 1907 | $1,000 – $20,000 | Original design |
| 1933 Saint-Gaudens | 1933 | Over $7 million | Legal controversies |
| Proof Double Eagle | Various | $50,000 – $500,000 | Superior craftsmanship |
| Escaped Double Eagles | 1933 | $7 million+ | Uncirculated examples |
| Legal Double Eagles | 1933 | Limited availability | Auctioned in 2002 |
| Gold Melt Value | Various | Market-dependent | Gold content |
| Legacy Coins | 1907-1933 | $500 – $10,000 | Saint-Gaudens design |
FAQs:
What is the rare 1933 Saint-Gaudens Double Eagle?
A rare $20 U.S. gold coin, the 1933 Saint-Gaudens Double Eagle, was designed by Augustus Saint-Gaudens. Its rarity and artistry make it of great value.
Why is the 1933 Saint-Gaudens Double Eagle so rare?
Most of which were melted down, and only a few coin survived. Because of the Gold Reserve Act, this was never circulated.
Why is the 1933 Double Eagle a good investment?
This extremely rare, historical coin comes with a price of increasing value, highly sought after among collectors and investors.
Why was the 1933 Double Eagle not circulated?
Its release was halted by President Franklin D. Roosevelt due to his outlawing private gold ownership during the Great Depression.