Buyers flock to buy rare Double Eagle coin

In 2021, a US 1933 ‘Double Eagle’ gold coin garnered a record $18.9m at auction in New York, exceeding projected estimates of $10m-$15m. The coin was the only 1933 ‘Double Eagle’ ever allowed to be privately owned. It was sold by shoe designer Stuart Weitzman, who acquired it in 2002 for what was then a record $7.6m. With a face value of $20, the coin features a distinctive American eagle in flight on one side and the personification of liberty striding forward on the other. It was the last gold coin made for circulation in the US, and was never issued again after President Franklin Roosevelt first ended the Gold Standard in 1933.

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