The “Double Eagle” coin sold, the only one allowed to be privately owned in 1933, was expected to fetch between $10 million and $15 million at Sotheby’s in New York, Reuters reported.
The coin was sold by shoe designer and collector Stuart Fitzman, who originally bought it in 2002, for $7.6 million, a record at the time.
The coin has a face value of $20, was the last gold coin in circulation in the United States, and has never been issued since America withdrew from the global gold standard and ordered the administration to destroy all copies.
Fitzman also sold his 1856 British Guiana One-Cent Magenta stamp for $8.3 million. Al Masnn bought it in 2014 for $9.5 million.
The copy sold is the only one surviving in a series printed by the South American country (Guyana) due to the lack of stamps sent by its then British colonial rulers.
In pictures: The “Double Eagle”, one of the last US gold coins made for circulation, sold for a record $19.51M at an auction held by Sotheby’s in New York, breaking the record for the most expensive coin in the world pic.twitter.com/g9F1xxrHbF
— TRT World Now (@TRTWorldNow) June 8, 2021
The British Guiana One-Cent Magenta stamp at Sotheby’s in central London, before it is offered for sale by the auction house. The ‘world’s most valuable stamp’ is expected to fetch 10 to 15 million US Dollars. pic.twitter.com/P9qj22HjjQ
— Aaron Chown (@aaronchown) April 28, 2021