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Cryptocurrency News Articles

You Could Be Sitting on a Fortune – This Is the 'World's Most Valuable Coin' and You Could Find It in Your Stash

Dec 18, 2024 at 04:00 pm

That's because certain rare coins can turn you into a millionaire. Whether it's a dime from the 21st century, or a special piece from the good old days

You Could Be Sitting on a Fortune – This Is the 'World's Most Valuable Coin' and You Could Find It in Your Stash

Coin collectors are always on the lookout for the next big find, and it turns out that some of the most valuable coins in the world could be hiding in your stash.

TikTok user @CoinCollectingWizard, who has over 213,000 followers, recently shared details on the "world's most valuable coin" – and you could probably find it in your stash, if you're lucky...

The 1933 Gold Double Eagle has quite the fascinating history and despite being from the 20th century, it's still quite popular among collectors. Although just 445,500 of these were minted during the Great Depression, none were ever officially put into circulation.

In fact, all but two were ordered to be melted down, although 20 of these coins are known to be rescued from melting by being "stolen" and found their way into the hands of collectors.

In the TikTok video, the user said: "This coin is worth millions. You might expect the most valuable coin in the world to be super old, but it's actually from the 20th century.

"The 1933 Gold Double Eagle has a fascinating history prompted by a request from Teddy Roosevelt and designed by fame sculptor Augustus Saint Gordon's. The Double Eagle was minted in small numbers between 1907 and 1933.

"In 1933 in the middle of the Great Depression and attempting to end a banking crisis, then President Franklin Roosevelt issued an executive and ordered a stop to the production of gold coins and even required citizens to exchange the gold coins in their possession.

"At the time, nearly half a million of the 1933 Double Eagles had already been struck at the time of the order but only 10 left the US Mint, a sneaky move by a Mint employee, the rest never entered circulation, making this one of the rarest coins in the world."

Although the likelihood of finding one of these coins are quite slim, it's still worth checking your stash. In other coin news, a rare dime which was hidden away in a bank vault for decades fetched $500,000 at an auction.

The coin, which was struck by the U.S. Mint in San Francisco in 1975, depicts President Franklin D. Roosevelt and is one of just two known to exist without its distinctive "S" mint mark.

News source:www.themirror.com

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Other articles published on Dec 18, 2024