The 1927-D Double Eagle Gold Coin, minted in Denver, is a numismatic rarity that has captivated collectors worldwide. Its recent sale for $2,250,000 underscores its exceptional value and historical significance.
Historical Significance
Designed by renowned sculptor Augustus Saint-Gaudens, the Double Eagle series epitomizes early 20th-century American coin artistry. The 1927-D edition is particularly notable due to its limited mintage and the economic context of its era.
Mintage and Rarity
In 1927, the Denver Mint produced a limited number of Double Eagles. Many were later melted down following the Gold Reserve Act of 1934, rendering surviving specimens exceedingly rare.
Design Features
- Obverse: Depicts Lady Liberty striding forward, symbolizing progress and freedom.
- Reverse: Features a majestic bald eagle in flight, representing the nation’s strength.
- Mint Mark: The “D” mint mark, located near the coin’s date, signifies its origin from the Denver Mint.
Recent Auction Highlight
A 1927-D Double Eagle in exceptional condition was recently auctioned for $2,250,000, reflecting its rarity and desirability among collectors.
Factors Influencing Value
- Condition (Grade): Coins are graded on a scale from 1 to 70; higher grades indicate better preservation and command higher prices.
- Historical Context: Coins from periods of economic significance, like the pre-Great Depression era, often hold increased value.
- Market Demand: The rarity and desirability among collectors can drive up auction prices.
Comparison with Other Rare Coins
The 1927-D Double Eagle stands alongside other numismatic treasures:
| Coin | Year | Auction Price |
|---|---|---|
| Libertas Americana Medal | 1776 | $10,800 |
| 1841 ‘No Drapery’ Dime | 1841 | $205,625 |
| 1855-S Three Dollar Gold Coin | 1855 | $2,100,000 |
Investment Considerations
- Authentication: Due to the prevalence of counterfeits, ensure coins are certified by reputable grading services.
- Market Trends: Stay informed about numismatic market dynamics to make educated investment decisions.
- Storage: Proper storage in climate-controlled environments preserves the coin’s condition and value.
The 1927-D Double Eagle Gold Coin is a testament to America’s rich numismatic heritage. Its recent $2.25 million sale highlights its status as a prized artifact for collectors and investors alike.
FAQs
What makes the 1927-D Double Eagle so valuable?
Its limited mintage, historical context, and survival rate contribute to its high value.
How can I verify the authenticity of a 1927-D Double Eagle?
Consult reputable grading services like PCGS or NGC for certification.
What does the “D” mint mark signify?
It indicates the coin was minted at the Denver Mint.
Why were many Double Eagles melted down?
The Gold Reserve Act of 1934 led to the melting of gold coins to bolster federal reserves.
Is investing in rare coins like the 1927-D Double Eagle advisable?
Investing in rare coins can be profitable but requires thorough research and authentication to mitigate risks.
