Udayavni Special

Rare and historical US gold coin sells for whopping Rs 138 crore, becomes the most expensive coin in the world


Team Udayavani, Jun 10, 2021, 11:28 AM IST

Source: instagram

A rare US gold coin, which was initially meant to be a $20 coin (Rs 1400), was sold for a staggering $18.9m (Rs 138 crore) in New York on Tuesday, June 9. The coin has exceeded both its previous price of $7.6m set in 2002, and its pre-sale estimate of $10m to $15m. It also smashed the record for the most expensive coin in the world, set by a 1794 Flowing Hair silver dollar that sold for $10 million in 2013.

The 1933 Double Eagle was the last gold coin in America that was intended for country-wide circulation. However, the coin was never issued after Franklin D. Roosevelt removed America from the gold standard.

The coin is the only example to have been “legally sanctioned” for private ownership by the US Government.

Auction house Sotheby’s wrote on their Instagram page, “Meet the “Holy Grail of Coins” further adding, “Earlier this morning in our #NewYork saleroom the fabled and elusive 1933 Double Eagle Coin shattered the auction record for the world’s most valuable coin, achieving an astonishing $18.9 million – nearly double the previous record. Four bidders chased the legendary coin, which is the only example that is legally sanctioned by the United States government for private ownership.”

 

View this post on Instagram

 

A post shared by Sotheby’s (@sothebys)

Richard Austin, Sotheby’s global head of books and manuscripts, in a post-sale statement, said, “Today’s sale marked a historic moment in the history of stamp and coin collecting, and one that I think will not be surpassed for a long time, if ever.”

 

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

NSA Doval pitches for ‘action plan’ by SCO against Pak-based terror groups LeT, JeM

Restoration of Jammu and Kashmir’s statehood must to rebuild trust: Farooq Abdullah

Will keep making efforts to pursue Nirav Modi’s early extradition to India from UK: MEA

One dead, one injured after wall collapses in Karwar

Court denies bail in gang rape case, terms allegations ‘very grave’

Jio’s ‘Made in India’ 5G solution globally competitive: Ambani

NCB arrests wanted accused in Pak border drugs recovery case



Related Articles More

Woman gets over 150 Amazon packages by mistake

‘Animal Cruelty’: Netizens criticise BSF Jawans for performing Yoga on camel’s back

#NotificationsLautaDoTwitter trends as Twitter went down

Neel Ranaut, a village influencer recreating bollywood outfits from scratch

South African woman’s claim of having 10 babies found fake

MUST WATCH

THEKATTE FISHERMEN OFFERING PRAYERS

Effects of COVID-19 on Textile Business

Law is same for everyone, do not misuse unlock exemptions, warns DC

MLA Renuka Acharya ploughs field

Kumar S Kanchan | Indian Breed Dairy Farming

Latest Additions

Delimitation, holding of polls in J-K important milestones in restoring statehood: says Shah

NSA Doval pitches for ‘action plan’ by SCO against Pak-based terror groups LeT, JeM

India should aim to be among world’s top 3 naval powers in 10-12 years: Rajnath Singh

Restoration of Jammu and Kashmir’s statehood must to rebuild trust: Farooq Abdullah

Will keep making efforts to pursue Nirav Modi’s early extradition to India from UK: MEA

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.