US Double Eagle gold coin sold for record US $ 18.9 million

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A 1933 double eagle was the last gold coin in circulation in the United States. It was sold at Sotheby’s auction in New York on Tuesday for a record US $ 18.9 million, and the world’s rarest stamp sold for US $ 8.3 million. Price transaction.

This coin was the only Double Eagle coin authorized for private ownership in 1933. It is expected to sell at auction for between US $ 10 million and $ 15 million, but the price is much higher than that.

Sotheby’s said in a statement: “The Double Eagles of 1933 have a rich and fascinating history that encompasses much of American history and has been at the center of the conspiracy for over 80 years.” declaration.

The 1933 Double Eagle had a face value of $ 20 and was designed by renowned sculptor Augustus Saint-Gaudens at the behest of then-US President Theodore Roosevelt.

On one side of the coin are the free strides and on the other the American eagle.

The room was hit but was never released for use. After President Franklin Roosevelt ousted the country from the gold standard in order to free the United States from the devastating economy of the Great Depression, all of the double eagles of 1933 were destroyed.

Sotheby’s said both pieces were sent to the Smithsonian Institution.

American shoe designer and collector Stuart Weitzman (Stuart Weitzman) sold a private 1933 Double Eagle piece on Tuesday.

Weitzman purchased the coin in 2002 for a world record price of $ 7.6 million.

The British Guiana 1 cent magenta stamp produced in 1856 was wrapped in a media preview and then auctioned by Sotheby’s in New York, United States. [File: Shannon Stapleton/Reuters]

On Tuesday, Weitzman also auctioned off the magenta 1 cent British Guiana stamp issued in 1856 for $ 8.3 million. This award cemented the stamp as the most valuable stamp in history.

Sotheby’s said: “No stamp is rarer than the only surviving copy of British Guyana penny magenta. It is a unique but unpretentious penny issued in 1856 and hailed as the pinnacle of stamp collecting for over a century. . “

Due to the shortage of stamps by British colonial rulers at this time, the stamp was the only surviving stamp in the series printed by the countries of South America.

Weitzman purchased this precious stamp in 2014 for $ 9.5 million. True to the tradition of the previous owner, Weitzman left his mark: the line art of stiletto heels and his initials.

Sotheby’s said buyers of the 1933 Double Eagle stamp and the British Guyana one cent magenta stamp wanted to remain anonymous.

Prior to the Sotheby’s auction in New York, USA, four American aviation stamps from 1918 were called “Reverse Jenny” during the media preview. [File: Shannon Stapleton/Reuters]

Additionally, the 24-cent “Reverse Jenny” stamps issued for the first batch of US airmail in 1918 sold for $ 4.9 million, making them the most valuable US stamps.

The last time the Inverted Jenny was auctioned for $ 2.9 million was 26 years ago, it had a unique typographical error, and its biplane design appeared to be upside down.

Sotheby’s said the stamp was purchased by David Rubenstein, the co-founder of private equity firm Carlyle Group.

Weitzman has enjoyed collecting stamps and coins since he was a child. He said he would use the money from the auction of historic coins and stamps on Tuesday for his charities, including the Jewish Museum in Madrid, Spain.

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