The most valued American coin is the 1933 Augustus St. Gaudens $20 Double Eagle. This coin sold at an auction for $7.6 million, making it the second most valuable coin in history. The reason for its rarity is because of Executive Order 6102, issuing that all gold coins be melted to help the deteriorating economy. Former president Franklin Delano Roosevelt made it illegal to own any gold (e.g. coins, bars, jewelry, etc.). Only ten pieces survived being melted, and only only one was available to own in a private collection. It was sold to an anonymous buyer via phone bidding for 7.59 million, rounded to $7.6 million ($7,590,000-$7,600,000.) The others were locked up at Fort Knox.
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