Volume 59 – #07

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Volume 59#07

July 6 – July 19, 2021

The only 1933 U.S. ‘Double Eagle’ gold coin authorized for private ownership by that country’s government sold for nearly $19 million US this June. Photos courtesy of Sotheby’s.

High-end market proves safe haven for investors

With the recent sale of the world’s most valuable coin for $18.9 million US (about $22.8 million Cdn.), the high-end numismatic market continues to prove itself a lucrative safe haven for investors. The only 1933 U.S. “Double Eagle” approved for private ownership, the coin was among the last gold pieces struck for circulation in that country. It crossed the auction block during Sotheby’s “Three Treasures” sale on June 8, when it nearly doubled the previous world record of $10 million US (set by the finest known 1794 U.S. “Flowing Hair” silver dollar in a 2013 Stack’s Bowers sale). Owned by billionaire shoe magnate Stuart Weitzman, the Double Eagle’s estimate was set at $10 million US (about $12.1 million Cdn.) to $15 million US (about $18.1 million Cdn.). “Nobody in the market is overly shocked at what that coin sold for yesterday,” said long-time dealer Sandy Cambell, the owner of Nova Scotia’s Proof Positive Coins, told CCN on June 9. Continue reading →

Features
New toonie to mark insulin discovery without Banting – as planned
Page 1
RCM set pairs collector toonie with historic $2 banknote
Page 1
‘FX’ advice from a 30-year trader
Page 6
Two-day RCNA Symposium returns with four speakers in July
Page 11
10-day virtual RCNA ‘a big step’ back to normal
Page 14
RCM production back to normal, Ottawa boutique remains closed
Page 16
Ferrari’s 1670-A 15-sol coin returns to Canada after 45 years
Page 29

Regulars
CCN Trends
Focus on Canadian large and small cents
Page 18
CCN Marketplace
Are you buying or selling?
Page 30
Show & Bourse
Check out the shows in your area
Page 33
Columns
Stanley Clute
Ancient Money
Ancient coins shine light on seafaring Phoenicians, their
Page 8
Tim Grawey
Colonial Tokens
Study bank fence to attribute 1842 BMO penny
Page 10

John Regitko
Errors & Varieties
More missing beads found by dedicated collector
Page 24
Sean Sinclair
Commemorative Coins
Baltic’s rich history on Estonian, Latvian, Lithuanian Euros
Page 28

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