What's the most valuable coin in the world? Many experts would say the unique 1849 $20 which is in the Smithsonian. It's the first double eagle and the only one known.
Twenty dollar gold coins were a direct result of the California Gold Rush. Prior to 1849, the largest denomination for a U.S. gold coin was $10. But after the California gold discoveries, so much bullion was being sent to the mint in Philadelphia that a more compact coin for large scale international and domestic transactions made sense. The new "double eagle" $20 gold piece was authorized. Walter Breen has written of the 1849 $20 that "At least two proofs were coined on Dec. 22; one of these is in the Smithsonian Institute, the other went to Treasury Secretary William M Meredeth." This statement seems to indicate that there may be another 1849 $20 "floating" around somewhere. But I agree with Dave Bowers when he warned that Breen's statement must be taken with a grain of salt, and I personally feel the existence of a second 1949 $20 is beyond improbable
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Copy Gold Clad 1849 ***1st Ever $20 Double Eagle*** Coin (24Kt Gold Clad) is in the
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