Current Value of the Double Eagle Coin

Author: Wilson Snyder

Coin collectors interested in getting a double eagle coin are usually interested in the coins, not so much for their aesthetic qualities, but because of the double eagle value. The double eagle coin, aptly called by coin collectors “the double eagle,” is a coin minted out of gold bullion by the United States government. The coin itself has a face value equaling $20.00, but the coins actual value is far more than that. The double eagle is a coin that is comprised of .9675 gold purity and is crafted out of 21.6 karats of gold mixed with roughly ten percent of an alloy made of copper.

The Congress is responsible for dubbing the double eagle coin “the double eagle” in the year 1972. The first coin that was actually minted however was actually generated in a facility in the year 1849. A year later, the double eagle was produced for the purposes of circulation and the coin was minted until the year 1933. The coins are in two different types; the double eagle liberty head coins which were minted between 1849 and 1907, and the Saint Gaudens double eagle coins minted between 1907 and 1933. In the year 1933, there was a stoppage placed on gold ownership by the president of the time, Theodore Roosevelt. During that year, there were no legally authorized 1933 double eagle coins sold, but this did not stop thieves from getting their hands on such coins.

During the year 2002, there was actually an auction of a double eagle coin from 1933 that sold for more than $7,500,000.00. Today, if you were to own a set of St Gaudens’s double eagle coins that are uncirculated and in perfect condition, you will find that they can be worth as much as three million dollars provided the set contains a rare proof pattern. A complete set absent of a rare proof pattern can be worth some $750 thousand. Clearly, double eagle coins have a rich history and their value only continues to increase with the passage of time.

In 2009, the United States mint generated double eagles with a ultra high relief that possess the St. Gaudens traditional design. These coins contain 99 percent gold, and are presently selling for $1340.00 a coin. Coin collectors that want such coins are supplied no limit on their purchase too.

To learn more about the Double Eagle Coin, I recommend you checking out Gold Double Eagle. It is a specialized American Double Eagle coin for sale site, offering a great selection of gold Double Eagle coins for sale. This website makes finding your dream American Double Eagle coins a million times easier. Be sure to try this website before you buy.

Article Source: http://www.articlesbase.com/collecting-articles/current-value-of-the-double-eagle-coin-1369516.html

About the Author

Wilson Snyder is a freelance writer. Learn more about the Double Eagle Coin at Double Eagle Coin Shop.

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