Coin collecting is a very popular hobby, collectors are always looking for that special coin to complete their collection.
Many collectors, who build their collections for investing, seek the rare and valuable coins. There are many coins that have held special places in history. Rarity and history are the primary factors that effect a coins value. Numismatics have been searching for the "most valuable" coin for centuries. There have been many contenders for the crown, The 1909 VDB Lincoln cent is one that sits high on the list. Another is the 1982 "No mint mark" Dime, or the 1965 Silver Dime. But no coin in world history has come close to the historic value of the new king of coins.
In 1933, America went off of the gold standard and all gold coins were ordered destroyed. In this same year the U.S. Mint had just struck some 445.000 gold Double Eagle coins. Before any of them could be released however, the government ordered they be destroyed. This also began a treasure hunt that would cover the globe and last for over 50 years. A handful of these coins had been stolen from the mint and ended up in the hands of underground collectors. It spent some time in the possession of King Farouk of Egypt before ending up in the hands of British coin dealer Stephen Fenton. From there it was seized by secret service agents and secured in a vault in the world trade center.
On July 30, 2002, the coin went up on auction, when the gavel fell, the 1933 Double Eagle entered the history books as the most valuable coin in history at a staggering $7,590,000.
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