The most expensive coin ever purchased was a 1933 Double-Eagle $20 gold coin. King Farouk of Egypt purchased it from an auction on June 8, 2021. What did he pay for it? He paid $18,900,000!
Part of its rarity is that there are only a few of these coins left. It never made its way into the Federal Reserve system and were melted down with the exception of just a few. Not many people back then had a dollar to their name so inserting a $20 gold coin into our monetary system would've only left banks holding the bag until they got to send the coins back.
Part of its rarity is that there are only a few of these coins left. It never made its way into the Federal Reserve system and were melted down with the exception of just a few. Not many people back then had a dollar to their name so inserting a $20 gold coin into our monetary system would've only left banks holding the bag until they got to send the coins back.
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