Most Valuable American Eagle Gold Coins
In 1933 President Franklin Roosevelt signed into law an act that prevented the private ownership of gold coins with the exception of those that were unusual and rare. In 1934 the government of the United States actually recalled the $20 Double Eagles. The intent was to melt these coins. These actions were the result of previous hoarding of precious metals during the great depression. This was a time in the United State’s history when banks were considered less reliable than ownership of precious metals.
The result of the recall was that the 1933 American Double Eagle gold coin, which was the primary focus of the government’s confiscation, became very valuable. The few that survived are considered among the most valuable and sought after coins for many collectors.
A new act passed by congress in 1985 created the first modern official minting of American Eagle Gold Coins. In an effort to make them more durable they are made slightly more than 90% pure with the balance consisting of silver and copper.