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Switch to Forum Live View Most valuable ounce of gold in the world
2 years ago  ::  Mar 02, 2012 - 2:45PM #1
solfeggio
Posts: 8,523

The 1933 American Double Eagle coin, the world's most valuable coin and said by the London Mint to be the most valuable ounce of gold in the world, will be displayed in London this week-end.
 
www.bbc.co.uk/news/uk-england-london-172...

www.mirror.co.uk/news/uk-news/double-eag...

What's interesting about the coin is that out of 445,500 originally minted between 1907 and 1932, only thirteen are known to exist today.  And all but one are the property of the U.S. government.

A Double Eagle coin sold at auction in 2002 for $7.6 million US dollars!!

Why is this coin so valuable?  Its value lies in its rarity.  President Roosevelt took America off the gold standard in 1933 in an attempt to stabilise the U.S. economy, and all the 1933 Double Eagles were ordered melted down.  


But, obviously, a few did survive.
 
coins.about.com/od/famousrarecoinprofile...



    

      

 

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2 years ago  ::  Mar 02, 2012 - 9:10PM #2
IreneAdler
Posts: 2,849

Solf- thanks for posting this.  I’m a bit of a coin collector. Found the links to be interesting reading.


 


My bro saves coins from his travels and gives them to me.  Cute story: while in the Philippines, he came into possession of an 1804 silver dollar.  Gave it to me without a second thought.  Here’s what the Wiki says about this coin: The 1804 Silver Dollar is a United States dollar coin considered to be one of the rarest and most famous coins in the world, due to its unique history.[citation needed] Divided into "Classes," 15 specimens are known. 


Wow!


Not quite. What he gave me was a fake.


Phillipines is known as a source for such fakes.


Irene.   

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2 years ago  ::  Mar 04, 2012 - 6:59PM #3
christine3
Posts: 6,037

Mar 2, 2012 -- 2:45PM, solfeggio wrote:


A Double Eagle coin sold at auction in 2002 for $7.6 million US dollars!!

Why is this coin so valuable?




Gold has empty value, people give it the value it has.  Just for the record, not everybody loves gold.  

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2 years ago  ::  Mar 04, 2012 - 9:21PM #4
jane2
Posts: 14,287

Mar 4, 2012 -- 6:59PM, christine3 wrote:


Mar 2, 2012 -- 2:45PM, solfeggio wrote:


A Double Eagle coin sold at auction in 2002 for $7.6 million US dollars!!

Why is this coin so valuable?




Gold has empty value, people give it the value it has.  Just for the record, not everybody loves gold.  




Disagree, christine.


How much of the world's reserves in gold does the US hold??? I haven't studied this in awhile. Do think this is not unimportant.




 

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2 years ago  ::  Mar 06, 2012 - 3:20PM #5
christine3
Posts: 6,037

Mar 4, 2012 -- 9:21PM, jane2 wrote:


Mar 4, 2012 -- 6:59PM, christine3 wrote:


Mar 2, 2012 -- 2:45PM, solfeggio wrote:


A Double Eagle coin sold at auction in 2002 for $7.6 million US dollars!!

Why is this coin so valuable?




Gold has empty value, people give it the value it has.  Just for the record, not everybody loves gold.  




Disagree, christine.


How much of the world's reserves in gold does the US hold??? I haven't studied this in awhile. Do think this is not unimportant.




I have no idea how much.  I don't think the U.S. Gold is in the U.S. but in Europe somewhere. Am having a hard time understanding just what it is you think not unimportant.  Need a little more info, if you care to share.

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2 years ago  ::  Mar 06, 2012 - 3:43PM #6
solfeggio
Posts: 8,523

All I actually know about the US gold reserves is what I saw in the James Bond film Goldfinger. 


But I guess Ron Paul is worried about that:


money.cnn.com/2011/06/24/news/economy/ro...

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2 years ago  ::  Mar 06, 2012 - 4:56PM #7
christine3
Posts: 6,037

Mar 6, 2012 -- 3:43PM, solfeggio wrote:


All I actually know about the US gold reserves is what I saw in the James Bond film Goldfinger. 


But I guess Ron Paul is worried about that:


money.cnn.com/2011/06/24/news/economy/ro...




He has reason to.

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2 years ago  ::  Mar 06, 2012 - 5:03PM #8
Ken
Posts: 33,860

Mar 6, 2012 -- 3:43PM, solfeggio wrote:


All I actually know about the US gold reserves is what I saw in the James Bond film Goldfinger. 


But I guess Ron Paul is worried about that:


money.cnn.com/2011/06/24/news/economy/ro...



Ron Paul is a crackpot. He says his concerns are based on internet conspiracy theories.

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2 years ago  ::  Mar 06, 2012 - 5:31PM #9
christine3
Posts: 6,037
I'm not partial to him either.
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2 years ago  ::  Mar 06, 2012 - 6:41PM #10
jane2
Posts: 14,287

Mar 6, 2012 -- 3:20PM, christine3 wrote:


Mar 4, 2012 -- 9:21PM, jane2 wrote:


Mar 4, 2012 -- 6:59PM, christine3 wrote:


Mar 2, 2012 -- 2:45PM, solfeggio wrote:


A Double Eagle coin sold at auction in 2002 for $7.6 million US dollars!!

Why is this coin so valuable?




Gold has empty value, people give it the value it has.  Just for the record, not everybody loves gold.  




Disagree, christine.


How much of the world's reserves in gold does the US hold??? I haven't studied this in awhile. Do think this is not unimportant.




I have no idea how much.  I don't think the U.S. Gold is in the U.S. but in Europe somewhere. Am having a hard time understanding just what it is you think not unimportant.  Need a little more info, if you care to share.




I haven''t studied this in sometime, but a substantial amount of gold is stored in the US.




 

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