A rare $20 double eagle gold coin sold for $1.44 million at auction in Southern California, highlighting its scarcity with only an estimated 40 to 50 remaining.
John Kraljevich noted the coin was last sold in 1986 for just $23,100, remarking its sudden appearance after decades off the market was surprising to collectors.
Before 1849, the highest denomination gold coin was $10, the eagle. The $20 double eagle was introduced after the California Gold Rush, increasing gold supply.
Kraljevich emphasized the coin's rarity by stating that only 3,789 were minted, reinforcing why collectors highly pursued this auction offering.
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