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Promoted item:2014 1/10 Troy Oz Gold American Eagle $5 Coin SKU29730

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2014 1/10 Troy Oz Gold American Eagle $5 Coin SKU29730

  • BUY BULLION WITH CONFIDENCE AND FREE SHIPPING FROM MCM
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  • US $154.41
    $169.13
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2003 Uncirculated
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About Gold Bullion Coin

Of all the coins and bills sought after by numismatics, perhaps no single minted currency has a more fascinating history than the 1933 U.S. Double Eagle $20 gold coin. The coin's original minting produced only 450,000 presses--a small amount, given that typical pressings of lower denomination coins around that time minted millions.Given the instability and poverty flourishing in the United States in the 1930s, the government's decision to mint this high-priced gold bullion coin was widely criticized. The mint thus issued an immediate recall of the $20 Double Eagle to be melted down. Unsurprisingly, however, some of these coins escaped destruction. According to legend, one of the main guardians of the U.S. Mint snuck out a handful of these gold Double Eagles to a distributor in Pittsburgh.Before the federal government could locate the renegade coins, this distributor scattered them far and wide. One of the gold bullion pieces ended up in the hands of Egypt's raconteur King Farouk, who added the coin to his collection of Faberge eggs, fancy cars, and other luxury memorabilia. When the United States government found out that King Farouk possessed a Double Eagle, they demanded that he return it.King Farouk denied access to this gold bullion coin. Upon his death, it was released once again to the wild vis-à-vis a Sotheby's auction. After decades, a man named Stephen Fenton was arrested by the U.S. government for possessing this artifact. The government monetized the stolen coin for over seven million dollars. It was then promptly stored in a vault in New York City's World Trade Center, from which it was moved only months prior to the towers' destruction on September 11, 2001.