US gold coin sold at an auction

US glod coin of the 1930’s was sold for $19.5 million at a Sotheby’s auction in New York on Tuesday. It was 1933 when Franklin D. Roosevelt removed USA from the gold standard to raise the US economy.

The auction house mentioned the gold coin as Double Eagle coin. It has an image of Liberty on one side and an American eagle on the other. It was the last coin to be used for circulation but was never used.

Its a $20 coin and was designed by American sculptor Augustus Saint-Gaudens. It was to be sold for $10 million to $15 million at that time.

Hidden place of the coins was unknown and it was found by secret services sting in New York.

A five-year legal struggle was followed and it was given the conformation that the coin could be privately owned.

Other Double Eagle coins that were found have been confirmed as property of United States.

The Double Eagle coin sold at the auction was declared as America’s most beautiful coin.

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Published by Siddhartha Dhap

I am Writer.I have done Post Graduation from Manipal University jaipur. I like reading books and writing.

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