A 1933 coin, known as the Double Edge, was sold at an auction in New York for 15.5 million euros, making it the most expensive in history after almost doubling its price in January 2013. for the 1794 Flowing Hair Dollar coin, considered the most expensive to date.
According to the Sotheby’s auction house, it took the coin just four minutes to go from the 5.7 million starting price to the 13.7 million hammer price, which, when adding fees and taxes, rose to 15.5 million. millions of euros.
This Double Edge has been sold to a buyer whose identity is unknown. Shoe designer Stuart Weitzman bought it in 2002 for €6.2 million, and it was also a world record back in the day.
The piece is considered the “Mona Lisa of coins”, according to Sotheby’s representatives, because it is the only one of its kind that is still in private hands, since the rest are owned by the US Mint.
coin history
This gleaming gold coin from 1933, with a face value of €16.5, was designed by the renowned sculptor Augustus Saint-Gaudens. It never circulated, since, after being minted, it was withdrawn when former President Franklin Roosevelt decided in 1933 that the United States. it would stop backing its currency with gold reserves as a measure to control the economic depression that was plaguing the country.
Along with the coin, two other important stamps were auctioned, a trio of collector’s items that had spent several years in the hands of designer Stuart Weitzman, 79, who bought them individually to fulfill one of his wishes.
“It was a childhood dream of his to own the best stamp in the world, the best coin in the world and the best American stamp in the world,” said Sotheby’s Director of Books and Manuscripts Richard Austin.
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