The US Double Eagle gold coin is trading for a record $ 18.9 million. |: Art and culture news

Sotheby’s also auctioned off a stamp of British Guiana in 1856 for a whopping $ 8.3 million, making it the most expensive stamp in history.

The last American gold coin in circulation, 1933, sold for a record $ 18.9 million at Sotheby’s auction in New York on Tuesday, and the world’s rarest stamp rose $ 8.3 million.

The coin, the only eagle ever allowed to be privately owned in 1933, was expected to fetch anywhere from $ 10 million to $ 15 million at auction, but sold for much more.

“1933 “The Double Eagle has a very compelling history that sums up most of the history of the United States. It has been at the center of intrigue for more than 80 years.” announcement:,

The 2033 Double Eagle with a face value of 2033 was designed by the famous sculptor August Saint-Gaudens at the request of the then US President Theodore Roosevelt.

On one side of the coin is Freedom, and on the other is the American eagle.

The coins were minted, but they were never given for use. All the double eagles in 1933 were ordered to be destroyed after President Franklin Roosevelt removed the nation from the gold standard in an attempt to lift America’s troubled economy out of the Great Depression.

According to Sotheby’s, two coins were sent to the Smithsonian Institution.

Private Tuesday 1933 The Double Eagle coin was sold by American shoe designer-collector Stuart Weitzman.

Weizmann bought the coin in 2002 for a then-world record value of $ 7.6 million.

The 1856 British Guiana Magenta stamp is pictured in a preview of enc LMs before being sold at Sotheby’s in New York City, USA. [File: Shannon Stapleton/Reuters]

On Tuesday, Weizmann auctioned off a $ 8.3 million one-cent Magenta stamp issued in 1856 in British Guiana. That price reinforces the stamp as the most valuable in history.

“No stamp is rarer than the example of the British Guiana’s one cent magenta, which has existed since 1856 with a unique but daring penny that has been heralded as the pinnacle of stamp collecting for more than a century,” Sotheby’s said.

The stamp is the only one in the entire series issued by the South American nation due to the lack of stamps from the then British colonial leaders.

Weitzman bought the expensive stamp in 2014 for $ 9.5 million. In keeping with the tradition of his former masters, Weizmann left his mark on the line drawing of stiletto shoes, his initials.

According to Sotheby’s, as in 1933. Buyers of Double Eagle and British Guiana’s Magenta stamps wanted to remain anonymous.

A block of 1918 US stamps known as the “Reversed Enn Enny” can be seen at Sotheby’s auction in New York City, USA, during a preview of enc LMs. [File: Shannon Stapleton/Reuters]

In addition, the 1918 “Inverted Vert” 24-cent stamp plate, issued in 1918 for the first US airline letters, sold for $ 4.9 million, making it the most expensive US stamp.

Inverted Jenny, which last sold at auction 26 years ago for $ 2.9 million, has a unique typographical error in which its bipolar design seems to have been turned upside down.

Sotheby’s reports that the stamp block was bought by David Rubenstein, the founder of a private joint stock company, David Rubenstein.

Weitzman, a young collector of stamps and coins, said he would use the money for the historic coin auction on Tuesday for his charities, including the Jewish Museum in Madrid, Spain.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button