The US Double Eagle gold coin sells for a record $ 18.9M | Current events in Art and Culture

Sotheby’s also sold at auction a One-Cent Magenta stamp in British Guiana, issued in 1856, for a whopping $ 8.3 million, making it the most valuable stamp in history.

A 1933 Double Eagle, America’s last gold coin struck for circulation, was sold for a record $ 18.9 million at an auction at Sotheby’s in New York on Tuesday, and the world’s rarest stamp grossed $ 8.4 million.

The coin, the only Eagle Double of 1933 ever allowed to be privately owned, was planned to pull somewhere on the $ 10m to $ 15m lines at auction, but sold for well over.

“The 1933 Double Eagle has a richly fascinating history that encapsulates large areas of U.S. history and has been at the center of the plot for more than 80 years,” Sotheby’s said in a statement.

With a face value of $ 20, the 1933 Double Eagle was designed by renowned sculptor Augustus Saint-Gaudens at the request of then-US President Theodore Roosevelt.

The currency has Freedom advancing on one side and the American eagle on the other.

The coins were struck but never issued for use. All of the 1933 Double Eagles were ordered to be destroyed after President Franklin Roosevelt, in an effort to lift America’s economy shaken by the depths of the Great Depression, took the nation by the gold standard. .

Sotheby’s said two coins were sent to the Smithsonian Institution.

On Tuesday, the 1933 private Double Eagle coin was sold by American shoe designer and collector Stuart Weitzman.

Weitzman acquired the coin in 2002 for what was then a record price of $ 7.6 million.

The Magenta One-Cent Magiana stamp from British Guiana, produced in 1856, was seen encapsulated during a media preview before being auctioned off by Sotheby’s in New York in the United States. [File: Shannon Stapleton/Reuters]

On Tuesday, Weitzman also sold at auction a Magenta One-Cent Magenta stamp from British Guiana, issued in 1856, for $ 8.3 million. That price solidifies the stamp as the most valuable in history.

“No stamp is rarer than the only surviving example of the Magenta of British Guiana’s Hundred, a unique but unpretentious penny number from 1856, which has been touted as the pinnacle of stamp collecting for the longest time. of a century, ”Sotheby’s said.

The stamp is the only surviving one from a series printed by the South American nation due to a lack of stamps by its British colonial rulers at the time.

Weitzman bought the precious stamp in 2014 for $ 9.5 million. In keeping with the tradition of its past owners, Weitzman made his print: a line design of a stiletto shoe and its initials.

Buyers of the 1933 Double Eagle and the Magenta One-Cent stamp from British Guiana wanted to remain anonymous, Sotheby’s said.

A block of four 1918 U.S. airmail stamps known as ‘Inverted Jennies’ were seen locked up during a media forecast before being sold at auction by Sotheby’s in New York City [File: Shannon Stapleton/Reuters]

In addition, a block of plates of the 24-cent “Inverted Jenny” stamps, issued in 1918 for the first U.S. airmail letters, were sold for $ 4.9 million, making them the most valuable stamps of the United States.

The Jenny Invert, which was last sold at auction about 26 years ago for $ 2.9 million, has a unique printing error in which its biplane design seems to be overturned.

Sotheby’s said the stamp block was bought by David Rubenstein, co-founder of the private company The Carlyle Group.

Weitzman, a passionate collector of stamps and coins since he was a child, said he will use the money from the historic coin and stamp auction Tuesday for his charitable endeavors, including a Jewish museum in Madrid, Spain. .

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