Coin Collector: Double Eagles – Read This Before You Add Them To Your Collection
January 30th, 2012
Thousands of coin collectors can be found across the world. Many coin collectors and their works are featured in movies and books like Dear John. There are coin collectors that used this as being a means of profit while some collects coins for hobbies and enjoyment.
Coin collectors are fond in looking for coins that are rare. mintage is one of the terms being used by coin collectors. Mintage usually refers to the number of coins that were produced in a certain time of the year. This is essential for coin collectors to note since this also affects the price of a particular coin.
One particular coin that coin collectors are searching for is the Double Eagles. Double eagle coin is naturally made up of 90% gold with 10% copper alloy and can be seen in United States. The first time the double eagles were minted was on 1949. That particular year, they produced two coins to hand over to the Smithsonian Institution in Washington DC and the second coin was presented to the Secretary Of Treasury who is William Meredith.
The production of the coin began in 1850 and stopped in 1933. Before 1850, $10 eagles were the largest denomination in US coins. Since this new coin had a value of $20 and twice the denomination of an eagle thus it was named of double eagle. If you get to compare the cost of the double eagle today, the purchasing power of this coin will give you for about $530.
The intricate design that you can see with this coin is a results of the collaboration between the former President Theodore Roosevelt and the sculpture named Augustus Saint-Gaudens. The president disapproves on the present circulating design thus it was used for only half the century. He wanted all the coins to be beautiful and expressed the nations identity and pride. This is the reason why he chose the famous sculpture to redesign the current double eagle. The design of the fresh double eagle depicts the Statue of Liberty walking forward with a lit torch and an olive branch in her left hand. At the background you can see rays of the sun and the capitol state building as well. This is among the dramatic changes that are found in the Liberty double eagle. Flip the coin at its back view, you can see an eagle at its flight with sun rays for a background and a motto “In God We Trust.