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The 1933 $20 Gold Coin holds an intriguing story of rarity and value. Join us as we explore the fascinating background surrounding this coin, delving into its historical significance and the astonishing worth it commands. Discover the extraordinary tale behind this iconic piece of currency and uncover the reasons that make it a prized possession among collectors and enthusiasts alike.
Brief background on the rarity and value of the 1933 $20 Gold Coin
The 1933 $20 Gold Coin is a precious, rare piece of American history. President Theodore Roosevelt was active in changing U.S. coinage during the Great Depression. Sadly, due to the economy, this coin’s circulation was short-lived. Executive Order 6102 ordered most double eagles melted, leaving only 13 specimens to exist today.
The coin’s rarity and ownership history make it alluring. It has been owned by King Farouk and Louis E. Eliasberg, a U.S. coin collector. The coin is controversial because the government wants to reclaim any privately held specimens.
The face value of the coin is $20, but its intrinsic melt value and current market prices are much higher due to its historical significance and rarity. It can even be included in Individual Retirement Accounts (IRAs).
If you are looking to buy or sell this piece of numismatic history, compare online dealer prices and premiums. Also, research other gold bullion and U.S. coins to understand the market trends.
Explore the amazing history of the 1933 $20 Gold Coin! It’s like a treasure hunt, but with shiny coins instead of clues.
History of the 1933 $20 Gold Coin
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The history of the 1933 $20 Gold Coin is filled with fascinating events and influential figures. From President Theodore Roosevelt’s impact on U.S. coinage to the coin’s circulation and subsequent discontinuation during the Great Depression, and the controversial Executive Order 6102 that led to the melting down of most 1933 double eagles, this section unravels the captivating story behind this iconic coin.
President Theodore Roosevelt’s influence on U.S. coinage
President Theodore Roosevelt‘s mark on U.S. coinage was huge and still seen today. He saw the need to update the design of U.S. coins and move away from traditional styles. His aim was to show American heritage and values through coin designs. He thought the existing designs lacked artistic merit.
So, he worked with sculptor Augustus Saint-Gaudens to create new, captivating designs. The result was the Saint-Gaudens double eagle. It featured Lady Liberty with an olive branch for peace and a torch for enlightenment. On the reverse side was a bald eagle above a radiant sun. These designs showed a shift to modern and artistic representations.
Furthermore, Roosevelt addressed concerns over durability and counterfeit resistance. He advocated for the use of nickel alloy compositions, such as the five-cent nickel.
President Theodore Roosevelt‘s influence on U.S. coinage was very big. His vision and commitment to reviving the beauty of American currency left a long-lasting legacy. The changes he made still affect coins today.
Circulation and discontinuation of the coin during the Great Depression
The 1933 $20 Gold Coin experienced limited circulation, yet it drew significant attention due to its rarity and historical importance. Its design was inspired by President Theodore Roosevelt’s vision for U.S. coinage. But the Great Depression changed all that.
Demand for gold skyrocketed, but the supply dwindled. The government issued Executive Order 6102, which led to the discontinuation of most 1933 double eagles. These coins were melted down, leaving only thirteen known specimens today.
Owning a 1933 $20 Gold Coin is highly desired by collectors and investors. Factors like its face value, mass, diameter, composition, melt value, and current market prices contribute to its worth. However, its legal status is still contested.
Sadly, Executive Order 6102 prevented us from becoming millionaires.
Executive Order 6102 and the melting down of most 1933 double eagles
The US government issued Executive Order 6102. This was to help with the economic struggles caused by the Great Depression. It made it illegal to own gold coins, including the 1933 $20 Gold Coin. So, many returned them to the government, which melted them.
This was trying to control the gold supply. But, some 1933 double eagles escaped. They are rare and valuable to collectors and investors.
But, it is illegal to own one without US government permission. This has caused legal disputes, making them even more interesting and valuable.
Rarity and Ownership of the 1933 $20 Gold Coin
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Only 13 known specimens of the 1933 $20 gold coin exist today, coveted by collectors worldwide. From notable owners like King Farouk and U.S. coin collector Louis E. Eliasberg to the legal status and government pursuit of this rare coin, we delve into the rarity and ownership of the elusive 1933 $20 gold coin.
Only 13 known specimens of the 1933 double eagle exist today
The 1933 $20 Gold Coin, commonly known as the double eagle, is super rare and very valuable. Only 13 specimens of this coin exist today. Its history and scarcity make it a prized item in the collectible coin market.
The double eagle was taken out of circulation during the Great Depression. Executive Order 6102 was issued and required citizens to turn in their gold coins to be melted down for gold bullion. However, some coins escaped this fate and stayed in private hands.
Over time, the 1933 double eagle has changed hands and become a sought-after item by collectors and investors. King Farouk of Egypt acquired one of these coins and it later sold at an auction for a record-breaking price. Also, U.S. coin collector Louis E. Eliasberg owned one, which helped him complete the first collection to contain every U.S. coin ever minted.
The 1933 $20 Gold Coin is hugely valuable due to its rarity and historical significance. It has both its face value and its melt value based on its gold content. Furthermore, it is highly desired by collectors for its history.
Notable owners, including King Farouk and U.S. coin collector Louis E. Eliasberg
The 1933 $20 Gold Coin is a remarkable part of history. Collectors worldwide cherish it. Famous people owned it throughout its long history; King Farouk and U.S. coin collector Louis E. Eliasberg were two of these. These people acknowledged its rarity and worth, making it sought-after.
King Farouk was passionate about coins. He owned several 1933 $20 Gold Coins. His collection was respected for its large range and depth. He had a few 1933 double eagles before they were put back into circulation.
Louis E. Eliasberg was well-known in the coin collecting world. He made the only complete collection of U.S. coins. In his large collection, he had a prized 1933 double eagle. It was one of the few remaining in existence. This shows its importance and desirability.
Coins owned by famous collectors, like King Farouk and Louis E. Eliasberg, can sell for higher prices due to their historical significance and scarcity. The 1933 $20 Gold Coin is special among similar gold coins from the United States. This makes it attractive to collectors and investors.
The legal status and government pursuit of the coin
The 1933 $20 Gold Coin has a complex legal status and is the focus of government attention. Executive Order 6102 meant most of these double eagles were melted down. But, some escaped destruction, making them very rare and increasing their value.
This coin’s legal status is uncertain. It was never officially released for circulation and was banned by Executive Order 6102. Most were melted down, making them highly sought-after now.
Notable people like King Farouk of Egypt and Louis E. Eliasberg acquired them before the legality of owning them was established. The government has been in numerous legal battles to get them back.
It is unclear how many more 1933 double eagles exist. They are pricey and highly desired by collectors and investors.
If you are interested in one, do your research and seek professional advice. It’s complex to buy or sell this coin, so rely on reputable dealers who specialize in rare coins.
Find out why the 1933 $20 Gold Coin is worth its weight in both history and gold.
Value and Characteristics of the 1933 $20 Gold Coin
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The 1933 $20 gold coin holds immense value and unique characteristics that make it a fascinating piece of history. From its face value, mass, diameter, and composition, to its intrinsic melt value and current market prices, this coin is sought after by collectors and investors alike. Moreover, the classification of this coin as a historical artifact and its eligibility for Individual Retirement Accounts (IRA) elevate its significance. Let’s delve into the captivating world of the 1933 $20 gold coin and uncover its worth and distinctive features.
Face value, mass, diameter, and composition of the coin
The 1933 $20 Gold Coin is important due to its face value, mass, diameter, and composition. To learn more, refer to the table below:
Examining these details, we can see why this coin is so valuable. It has rare characteristics that make it attractive to collectors and investors. Its melt value may be priceless, but in today’s market, it is worth its weight in gold.
Intrinsic melt value and current market prices
The 1933 $20 Gold Coin’s worth is determined by its intrinsic melt value and current market prices. The intrinsic melt value is the coin’s gold content if melted down. Market prices reflect the coin’s worth as a collectible.
A table can illustrate the coin’s values. Columns like “Coin Year”, “Gold Content (oz)”, “Intrinsic Melt Value ($)”, and “Current Market Price ($)” can present the data concisely.
Rarity and historical significance also make the coin valuable. Its limited supply, due to Executive Order 6102, increases its desirability.
There is an interesting story associated with this coin. King Farouk of Egypt owned one of the known specimens. After his overthrow, it disappeared for several years. This incident added to its allure and mystique, making it one of the most valuable coins ever.
Classification as a historical coin and eligibility for IRA
The 1933 $20 Gold Coin is a historical treasure. It has great cultural and historical value. President Theodore Roosevelt wanted U.S. coins to look artistic. So, he supported the production of gold coins. This 1933 $20 Gold Coin was part of his plan.
Unfortunately, it stopped circulating due to the Great Depression. President Franklin D. Roosevelt issued an order to melt down most of the double eagles, including this coin. Now, only 13 specimens of the 1933 $20 Gold Coin remain. King Farouk of Egypt and Louis E. Eliasberg are some famous owners.
The 1933 $20 Gold Coin is valuable. It has both intrinsic melt value and market prices. It can be included in an IRA account. So, go ahead and get ready to make some serious coin!
Buying and Selling the 1933 $20 Gold Coin
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When it comes to buying and selling the 1933 $20 Gold Coin, it’s crucial to be well-informed. In this section, we’ll dive into the world of online dealer prices and premiums, along with recommendations for finding the best deals. Plus, we’ll explore other gold bullion and coins from the United States that collectors should consider. Stay tuned to make the most informed decisions regarding this valuable piece of history.
Comparison of online dealer prices and premiums
The 1933 $20 Gold Coin is highly coveted among collectors and investors for its rarity and historic value. To get a better understanding of the current market, we can compare the prices and premiums of different online dealers. Below is a table that shows the information for each dealer:
Buyers or sellers must consider both the price and the premium when making a decision. Other factors to consider include fees, shipping costs, and promotions. Research and evaluate all options before buying or selling.
This rare coin has an ever-increasing value. So don’t miss your chance to own a piece of history! It’s like searching for a unicorn on a budget. Act now before it’s too late!
Recommendations for finding the lowest price
The 1933 $20 Gold Coin is rare and highly sought after. But, it can be hard to find the lowest price. Only 13 known specimens exist today.
To get the best deal, compare online dealer prices & premiums. Research reputable websites that specialize in rare coins to see current market prices.
Also, consider other US gold bullion and coins. They might offer more affordable options without compromising quality or historical significance.
Seek advice from experienced numismatists or coin experts. They have extensive knowledge of rare coins and their market values. They can guide buyers in making informed decisions.
By using these tips, it is possible to find the lowest price for the 1933 $20 Gold Coin. Make sure to get authenticity certificates and proper documentation to avoid scams.
Other gold bullion and coins from the United States
It’s time to explore and take advantage of the various gold bullion and coins from the United States! Consider your investment goals, budget, and desired rarity level. Each coin offers unique qualities that may match different preferences.
American Gold Eagles, authorized by Congress in 1985, come in four sizes: one ounce, half an ounce, a quarter of an ounce, and a tenth of an ounce. They feature designs that represent American history.
The American Gold Buffalo, introduced in 2006, displays a Native American chief on the obverse side and an American buffalo on the reverse side.
Before 1933, multiple denominations of gold coins were in circulation. These include Liberty Head Double Eagles ($20 coin), Saint-Gaudens Double Eagles ($20 coin), Indian Head Eagles ($10 coin), and Liberty Head Quarter Eagles ($2.50 coin).
The U.S. Mint produces special-edition gold commemorative coins that honor important events or people in American history. These coins provide limited-issue investment opportunities.
Investors can also purchase gold bullion bars ranging from one gram to one kilogram. Additionally, the U.S. Mint produces platinum and palladium coins for those seeking alternative precious metals investments.
Don’t miss out on the potential growth and diversification these treasures bring. Take action now and start your journey!
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To sum up, the 1933 $20 gold coin is valuable due to its history, rarity, and legal rules. Its worth depends on its state and history; it can cost from hundreds of thousands to millions of dollars. Collectors and investors like the coins because of their cultural and historical meaning. These coins are high-valued in the world of numismatics.
FAQs about How Much Is A 1933 $20 Gold Coin Worth
How much is a 1933 $20 gold coin worth?
The 1933 $20 gold coin, also known as the Saint-Gaudens Double Eagle, is one of the rarest and most valuable coins in the world. It was sold at auction in July 2002 for $7.5 million.
Is the 1933 $20 gold coin a legal currency?
Yes, the 1933 $20 gold coin is considered legal currency with a face value of $20. However, it is highly sought after by collectors and investors, and its numismatic value far exceeds its face value.
What is the metal content of the 1933 $20 gold coin?
The 1933 $20 gold coin contains 90% gold and 10% copper. It has an overall mass of 33.436 grams and a diameter of 34 millimeters. The coin contains .96750 troy ounces of gold.
What is the significance of the World Trade Center in relation to the 1933 $20 gold coin?
The 1933 $20 gold coin was stored in a vault below the World Trade Center before the 9/11 terrorist attacks. It was later transferred to Fort Knox in July 2001, just two months before the attacks.
How many 1933 $20 gold coins are in existence?
There are only 13 known specimens of the 1933 $20 gold coin in existence. Most of the coins were melted down when President Franklin Delano Roosevelt removed the United States from the gold standard. The rest are believed to have been kept by U.S. Mint employees.
Where can I buy a 1933 $20 gold coin?
You can purchase a 1933 $20 gold coin from various bullion dealers, including eBay (liberty.coin), APMEX, SD Bullion, BGASC, Hero Bullion, and Money Metals Exchange. Prices range from $2,016.41 to $2,306.31, with dealer premiums ranging from $165.10 to $455.00.