Rare 1870 Gold Coin Sells for $1.44 Million at Auction

The historic $20 double eagle coin, minted in Carson City, was sold to an undisclosed buyer in California.

The coin, minted in 1870, is one of only 3,789 produced, with an estimated 40 to 50 still in existence today.
It was sold at Stack’s Bowers Galleries in Costa Mesa, California, during their Rarities Night Auction.
The coin is considered the finest known example of its type, certified by the Professional Coin Grading Service.
Previously sold in 1986 for $23,100, its value has increased significantly, reflecting the rising interest in collectible coins.
The coin's value is primarily driven by its rarity and historical significance, rather than the gold content itself, worth approximately $2,600.