The double eagle gold coin is an iconic American coin that has been around for nearly 100 years. Its design is arguably the most beautiful of all US coins, and it features one of the most important symbols of the United States: Lady Liberty and an eagle flying. It’s a coin that many investors and collectors dream of owning, but it’s also one of the most difficult coins to come by.
Its Unique History
The double eagle gold coin was first minted in 1907, and the design of the coin is attributed to Augustus Saint-Gaudens. The sculptor was hired by President Theodore Roosevelt to redesign the obverse side of the coin. His original plan called for the coin to have a very high relief, but it was difficult to make. There were four attempts to create a coin with this type of relief. The first two were 27-mm versions and had Roman numerals, while the third attempt was struck in a 34-mm version with Arabic numerals.
It was during this time that President Franklin Delano Roosevelt issued a proclamation that citizens should turn in their gold coins and bullion in exchange for paper dollars. As a result, upwards of 455,000 Double Eagles were melted down and turned into gold bars.
However, a handful of these coins managed to escape the Mint and wind up in the hands of various individuals. Some were discovered by an Egyptian king, a Philadelphia coin and jewelry dealer, and others made their way into the possession of people all over the world.
They’ve become the subject of numerous books, television shows and legal battles. And the story of the 1933 double eagle continues to fascinate and confound.
There are three types of the double eagle gold coin: Type 1, type 2 and type 3. Each version of the coin differs slightly, but they all feature the same design and have the same numismatic value.
Type 1
The most highly prized of the three, Type 1 double eagles have been known to sell for more than 7-figure sums. This is because they are rarer than Type 2 and Type 3. They require a high level of patience, knowledge and luck to get hold of them.
Type 2
The second most popular type of the double eagle gold coin is the type 2. This type was minted between 1923 and 1935. It has a very low mintage and the prices of these coins have declined over the past decade, but they still offer a good opportunity for investors looking to build their own numismatic collection.
Type 3
The third type of the double eagle gold is the type 3. This type was minted between 1916 and 1925. It has a low mintage and is not as popular as the other two, but it does have a higher numismatic value.
The Double Eagle gold coin is a great addition to any investment portfolio, whether you’re an investor or a coin collector. It’s a solid choice for a historic coin and bullion investment because it’s been able to achieve premiums over the spot price of gold.