Do You Own One of the Rarest U.S. Coins?

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1933 Saint-Gaudens Double Eagle
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1933 Saint-Gaudens Double Eagle
Times were tough in America in 1933: the Great Depression had taken quite a toll on the country, and there were few signs of the economic upturn everyone was waiting for. With the economy in such dire straits, President Franklin Delano Roosevelt recalled all gold coins and ordered the new 1933 series of coins to be melted down. However, a few of the famed 1933 Saint-Gaudens Double Eagles made their way out of the mint and into the hands of private collectors, most notably a Philadelphia jeweler by the name of Israel Switt who ended up with 19 of them. In 2002, one of Switt’s former coins was sold at auction for $6.6 million, which is not too bad for a coin with a face value of $20!