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The most valuable coin in the world: Double Eagle

The history behing the most valuable coin in the world: the gold coin Doubl

In this blog we usually talk about currencies or travels. But this week we are going to talk about a coin, in singular, since it is the only one in the world and therefor the most expensive coin in the world.

We are talking about the coin known as the Double Eagle from 1933 designed by Augustus Saint-Gaudens. In the 8 th of July 2021 this coin was optioned in Sotheby´s for the incredible amount of 18.872.250 dollars. The previous “most expensive” coin in the world was the “flowing hair” silver dollar from 1794/95 sold in 2013 for 10 million dollars.

The design of the Double Eagle is not just interesting but also beautiful. In on side the coin has the Liberty on a beautiful minted image, and on the other side the amazing eagle in flight is shown. The face value of this coin is 20$.
There is a big history behind this coin, not just historical facts but also laws that nowadays still active. The United States law stablishes that this is the only gold coin that can be “in circulation” and owned by a private party. That is why, even there are more known coins like this one, the one optioned is the only one in the world not owned by the American government.

The history of the Double Eagle its quite remarkable. This one the last gold coin ever minted by the US government, but the fact that Franklin D. Roosevelt executed a gold embargo to the American citizens, the coin never was in circulation. Most of the coins were molten and just a few survived.

 

This one in particular has been on some of the most exclusive collections up until now and its original price was just the face value, 20 $. The last sell was private so we may never know who paid those almost 19 million for it.

If you come across this coin im afraid we will not be able to buy it from you at
Eurochange, not just because of the value, but also because we only accept notes. But if you have any kind of dollar notes: new, old, damaged, special, exclusive, collectable, etc please bring them to us and we will provide you with an exchange rate in each particular case. And not just the dollars, at Eurochange we buy all kinds of notes from all over the world, so just walk up to one of our Money Agents and ask them about it, we will be more than happy to help you.

Currency Mysteries: US Dollar and Sterling Pound

Curiosities about some of the american dollars and british pounds

The past week we went over some fun facts about the 4th of july. This week we are going to take a look on some fun facts about United States Dollars and British Pounds.

What does the Star on the serial number means on the US Dollars?

Many times people come to the currency exchange offices wondering about what the star means on their dollars. And we do have the answer: those are replacement notes.

And what is a “replacement note”? You may ask. Replacement notes are those that has to be printed again after there is a printing error occurs during a normal press run and renders a set of bills unusable.The replacement notes have a sequence of their own, using the star as their final "letter." This allows for 99,999,999 possible replacement notes for any given bank, series and denomination and there is about one error in every 100,000 U.S. bills.

But this is not the only time notes are replaced. The Bureau of Engraving and Printing receives around 25,000 mutilated currency redemption claims annually. Each bill is shredded and sent to waste energy facilities for disposal and a check it is sent in return to the bank that sent the damaged note.

And if you wonder… No, the star on the bills does not add any value in the dollar to euro exchange. Some private collector maybe can pay more for those notes, as well as for correlative serial number notes, or notes with printing errors, but oficially they all have their original value.

 

Some questions about sterling pounds.

There is nothing like a star in the sterling notes, but the british currency has many curiosities and fun historical facts.

Where the sterling pound name comes from? The british pound it´s also called sterling pound because historically the value was the equivalent to a pound of silver, hence why it's sometimes referred to as the "pound sterling.

And why is pound? The name can be trace back to the roman era , and it is translated from the word Libra which means weight or balance. More fully, the words Libra Pondo meant pound weight. I am sure you already assumed this fact, but just in case, this is the main reason why the symbol of the British Pound its an L, the same initial letter from Libra.

Are all the pound the same? There is nothing like the dollar star? In this case we can find some peculiarities on the old one pound coins. There are many countries that use the pound outside the UK. We can find brittish pounds also Falklands Pound, Guernsey Pound ,Gibraltar Pound , Manx Pound, Jersey Sterling Pound and St.-Helena Pound and some of them can be seen on the old 1 pound coin.

 

 

 

 

 

 

And we are back to the important question asked frequently on the money exchange offices: Do they have more value? And the answer, as in the dollar´s case, it is no. The value of those coins are the same as the original british pound when you trying to change pound to euro.

And last but not least: can I change my “star” dollars and my Sterling pounds everywhere? At Eurochange we accept all kind of notes. You can change pound to euro in all of our locations. And not just that, you can also buy dollars using euros but, even we cannot promise a star on our notes, we can guarantee a 5 star service from all our agents at Eurochange.

United States Dollar

Information United States Dollar

US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$), is referred to as the U.S. dollar, or Federal Reserve Note. It is the official currency of the United States and its overseas territories. It is divided into 100 smaller units called cents.

The U.S. dollar is the fiat currency most used in international transactions and is one of the world's most dominant reserve currencies. Several countries use it as their official currency, and in many others it is the de facto currency. It is also used as the sole currency in two British Overseas Territories: the British Virgin Islands and the Turks and Caicos islands.

Today, USD notes are made from cotton fiber paper, unlike most common paper, which is made of wood fiber. U.S. coins are produced by the United States Mint. U.S. dollar banknotes are printed by the Bureau of Engraving and Printing and, since 1914, have been issued by the Federal Reserve.

Dollar sign $

The symbol $, usually written before the numerical amount, is used for the U.S. dollar (as well as for many other currencies). The sign was the result of a late 18th-century evolution of the scribal abbreviation "ps" for the peso. The p and the s eventually came to be written over each other giving rise to $.

Another popular explanation is that it comes from the Pillars of Hercules on the Spanish Coat of arms on the Spanish dollars that were minted in the New World mints in Mexico City, Potosí, Bolivia, and in Lima, Peru. These Pillars of Hercules on the silver Spanish dollar coins take the form of two vertical bars (||) and a swinging cloth band in the shape of an "S"

Source: Wikipedia.

Check the current banknotes and coins: Greenwich mean time

Check our USD exchange rate (as selling as buying) in Eurochange

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