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What is a 1933 double eagle coin?

The 1933 double eagle is a United States 20-dollar gold coin. Although 445,500 specimens of this Saint-Gaudens double eagle were minted in 1933 in the midst of the Great Depression, none were ever officially circulated, and all but two were ordered to be melted down.

Why is a double eagle a gold coin?

Because the Double Eagle is not a bullion coin, but rather a collectible gold coin, it carries with it a numismatic premium that helps to insulate it from the spot price of gold.

What is a 1933 $20 Saint Gaudens gold double eagle?

The 1933 $20 Saint Gaudens Gold Double Eagle is one of the most famous and most valuable of all US coins. It has a unique history related to the Great Depression and even major legal disputes today. 445500 of these coins were actually produced in 1933 - yet none of them went into circulation.

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