One of the most famous and valuable coins in U.S. numismatic history, the 1933 Double Eagle, has once again made headlines. Originally owned by renowned shoe designer Stuart Weitzman, this legendary coin recently underwent grading verification by the Certified Acceptance Corporation (CAC). Known for its rigorous grading standards, CAC’s verification adds another layer of credibility to the already prestigious coin.
The Legendary 1933 Double Eagle
The 1933 Saint-Gaudens Double Eagle ($20 gold coin) is among the rarest coins in the world. Although 445,500 of these coins were minted, none were officially released into circulation due to President Franklin D. Roosevelt’s Executive Order 6102, which prohibited gold hoarding and led to the melting of most 1933 Double Eagles. However, a few escaped destruction, and over the years, a handful have surfaced in private collections.
The most famous example, previously owned by Stuart Weitzman, was legally sold at a 2021 Sotheby’s auction for a record-breaking $18.9 million, making it the most expensive coin ever sold.
CAC’s Role in Verifying the Coin’s Grade
The Certified Acceptance Corporation (CAC) is an elite numismatic grading verification service that provides an additional level of authentication for high-end coins. Coins that have already been graded by professional grading companies such as PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Company) can be submitted to CAC for verification, ensuring they meet the strictest quality standards.
With the 1933 Double Eagle being one of the most scrutinized and analyzed coins in history, CAC’s verification helps reinforce the coin’s assigned grade and overall integrity. Collectors and investors place high trust in CAC’s green and gold stickers, as they signify a premium-quality example of a graded coin.
The Significance of CAC’s Verification
CAC’s verification of the Stuart Weitzman 1933 Double Eagle holds several key implications:
- Authentication Confidence: Although the coin had already been graded by PCGS, CAC’s review further solidifies its legitimacy and top-tier status.
- Market Value Assurance: A CAC-stickered coin often commands higher prices, as buyers recognize it as a premium example of the grade.
- Historical Preservation: Ensuring the accuracy of its grade protects the coin’s reputation as one of the greatest numismatic treasures.
Conclusion
The 1933 Double Eagle remains a legendary coin in the world of numismatics, with its history, legal battles, and astronomical value making it a collector’s dream. With CAC’s verification, the already prestigious Stuart Weitzman example gains even more credibility, reinforcing its status as a true numismatic masterpiece. As interest in rare coins continues to grow, the CAC-stickered 1933 Double Eagle will undoubtedly remain a prized possession in the collecting world.
FAQs
Why is the 1933 Double Eagle so rare?
The U.S. government ordered all 1933 Double Eagles to be melted before release, but a few escaped into private collections, making them extremely rare.
What does CAC verification mean for a coin’s value?
A CAC-stickered coin is often considered a premium-quality example, making it more desirable and valuable in the collector’s market.
How much is the Stuart Weitzman 1933 Double Eagle worth?
It was sold at auction for $18.9 million in 2021, making it the most expensive coin ever sold.