The Gold Double eagle and the ownership rights

The 1933 Double Eagle made headlines around the world when it sold at a Sotheby's auction in New York in 2002 - it made US$7.6 million, which was split 50/50 between the dealer that owned the coin and the US government. A new chapter is unfolding in this story right at the moment, and it involves the discovery of another 10!!!!! of these coins in 2005. These coins have also been siezed by the US government, and there is now a battle between the owners and the US Government as to who has title to them. One twist to this story is a piece of legislation proposed in the US Congress at the moment - "The Numismatic Rarities Certainty Act of 2007". There are so many levels and bits to this story, it really does make rivetting reading. (Not the legislation, the entire story about the double eagle!) There's been two books written about it, and since they have a fairly specific market, they're now available on Amazon pretty cheaply. I've bought my copy and look forward to the next instalment.


Category: Market News