Prior to 1849, the highest denomination for a gold coin was $10, known as the eagle. The $20 double eagle was authorized after the California Gold Rush brought an abundance of gold supply.
This photo provided by Stack’s Bowers Galleries shows a rare $20 double eagle gold coin from 1870, which sold for $1,440,000 at an auction Tuesday, Nov. 19, 2024, in Costa Mesa, Calif. LOS ANGELES — Avid coin collectors jumped at the chance to get their hands on a rare $20 “double eagle” gold coin at a Southern California auction house Tuesday afternoon, but only one walked away victorious after paying a hefty price.
This photo provided by Stack’s Bowers Galleries shows a rare $20 double eagle gold coin from 1870, which sold for $1,440,000 at an auction Tuesday, Nov. 19, 2024, in Costa Mesa, Calif.
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