The Most Expensive Coin Ever Sold – 1933 Double Eagle Gold Coin
Have you ever wondered what the most expensive coin even sold was? In 2002 a 1933 Double Eagle Gold Coin went to auction and fetched 7.5 million dollars!
So Why Would Someone Spend So Much Money on a Gold Coin?
The US Mint, which makes coins to be circulated as currency produced over 400,000 double eagle gold coins but none of them ever made it into circulation. It was President Roosevelt that made a decision during the Great Depression to change the currency laws to make it illegal for private citizens to own gold coins. The only gold coins that were allowed were coins that had collectible value. At this time all gold coins were taken out of circulation and melted down as a way of stabilizing the economy. The government felt that in order to solve the problems in the economy, it was necessary to limit gold so that people would not hoard it, causing inflation and more economic uncertainty.
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