The Golden Eagle Double Eagle coin sells for $ 18 billion Arts and Culture News


Sotheby’s also auctioned off a one-cent British Guiana magenta stamp, issued in 1856, for a whopping $ 8.3 million, making it the most valuable stamp in history.

A 1933 Double Eagle, the last U.S. gold coin to be traded, sold for $ 18.9 million on Tuesday at an auction at Sotheby’s in New York, and the rarest stamp in the world. world hit a whopping $ 8.3 million.

The coin, the only double eagle from 1933 that was never allowed to be privately owned, was expected to reach the $ 10 million to $ 15 million auction, but it sold for far beyond.

“The 1933 Double Eagle has a richly captivating history that encompasses large strips of U.S. history and has been at the center of intrigue for more than 80 years,” Sotheby’s said in statement.

With a face value of $ 20, the 1933 Double Eagle was designed by renowned sculptor Augustus Saint-Gaudens at the request of then-President of the United States Theodore Roosevelt.

The coin has Liberty advancing on one side and the American eagle on the other.

The coins were struck but never issued for use. All the Double Eagles of 1933 were ordered to be destroyed after President Franklin Roosevelt, in an effort to lift the battered American economy from the depths of the Great Depression, withdrew the nation from the gold standard.

Sotheby’s sent two coins to the Smithsonian Institution.

On Tuesday, the 1933 private Double Eagle coin was sold by American shoe designer and collector Stuart Weitzman.

Weitzman acquired the currency in 2002 at what was then a world record price of $ 7.6 million.

The one-hundredth British Guiana magenta stamp, produced in 1856, is obscured during a media preview before being auctioned off by Sotheby’s in New York City, USA. [File: Shannon Stapleton/Reuters]

On Tuesday, Weitzman also auctioned off a magenta stamp of a penny from British Guiana issued in 1856 for $ 8.3 million. This price consolidates the label as the most valuable in history.

“No stamp is rarer than the only surviving example of the one-hundredth Magiana of British Guiana, a unique but unpretentious penny number from 1856, which has been advertised as the pinnacle of the collection. of stamps for more than a century, ”Sotheby’s said.

The stamp is the only one left of a series printed by the South American nation due to the scarcity of stamps of its British colonial rulers of the time.

Weitzman bought the beautiful stamp in 2014 for $ 9.5 million. Following the tradition of its former owners, Weitzman left his mark: drawing a stiletto shoe and its initials.

Sotheby’s said buyers of the 1933 Double Eagle seal and the magenta seal in British Guiana wanted to remain anonymous.

A block of four 1918 U.S. airmail stamps known as “Inverted Jennies” are disguised during a media preview before being auctioned off by Sotheby’s in New York City, USA. [File: Shannon Stapleton/Reuters]

In addition, a block of plaques from the 24-cent “Inverted Jenny” stamps, issued in 1918 for the first U.S. airmail letters, sold for $ 4.9 million, making them the most expensive stamps. valuable US.

The inverted Jenny, which was last sold at auction about 26 years ago for $ 2.9 million, has a unique printing error in that its biplane design seems to be upside down.

Sotheby’s said the stamp block was bought by David Rubenstein, co-founder of private equity firm The Carlyle Group.

Weitzman, an avid stamp and coin collector since he was a child, has said he will use the money from Tuesday’s historic coin and stamp auction for his charities, including a Jewish museum in Madrid, Spain.

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