http://bit.ly/A6v29y If you are a coin collector, you must have occur across or you must have read about the U.S. gold double eagles? This is a special American gold coin. It has a denomination of $20. This coin is valuable because it contains ninety percent gold and ten percent alloy. It was minted and first struck in 1849.

Brief History

The Double Eagles are one of the rarest types of gold coins. The year 1848 was a significant moment for the gold industry. This is the time when gold was first discovered in California. It created a steady circulation of gold. Minting companies were producing only $10 pieces at that time. The mint choose to go the extra mile and create larger denominations of coins. In 1849, the first double eagle was minted. Its denomination was twenty dollar coin. Then the two pieces of Double Eagle coins were produced that same year as proof. The first coin is put in the Smithsonian Institution in Washington DC. The Smithsonian Institution is funded by the government to be a research establishment. It is also affiliated with the museum complex. The second coin on the other hand, was handed to William M. Meredith. He was part of the treasury secretary at that time and was also a law firm and politician. But the whereabouts of this second coin is unknown because as part of his estate, it was auctioned.

At about 455,500 double eagles are produced in the spring of 1933. The two Double eagles were set aside from the rest. But no Double eagles went out in the circulation.

Controversy

In 1933, President Franklin D. Roosevelt set an end to metal ownership. There were no 1933 Double Eagles were released. However, crooks stole the Double Eagles from the government and it took years for the coins to be recovered.

The Double Gold Eagle In Egypt

In the year 1954, the famous Double gold eagle again appeared in Cairo, Egypt. King Farouk is a great coin collector. Out of more than 8,500 gold coins, the ever popular Double gold eagle was one of them. As shortly as the U.S learn that there is a Double gold eagle in the auction, they requested to have the coin be withdrawn from the sale. After that, people have no idea where the coins are.

Who Is Stephen Fenton?

Not until 1996, when it was seized from a British coin dealer, Stephen Fenton. He is trying to sell it to fake coin collectors. He has no idea that it was a secret service agent that he's been dealing with. Fenton experimented with to combat for his lawful rights of the coin for several years. Both the US government and Fenton has finally decided to auction the coin and they will split the amount between the two.

Million-Dollar Bid

A 1933 Double eagle coin was marketed for $7,590,020 in 2002. The settlement took less than nine minutes to complete. The Double eagle gold coin was declared as the world's most expensive coin because of to that amount. Half of the payment goes to the United States Treasury, which includes the $20 to monetize the coin. The other half was entitled to Stephen Fenton. Stephen Fenton was a coin dealer who took hold of the coin.

The double gold eagle has a very controversial history. There are people who try to imitate this type of coin, so if ever you get a chance of meeting sellers of the Double Eagle be sure that you know the requirements of the coin so that you will not be victimize.


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