Daily Gold Eagle News

An exceptional Gold Eagle was sold privately at the Orlando FUN coin show. The “Farouk” 1907 D proof Liberty Double Eagle, NGC certified as Proof 62, reportedly sold for over half a million dollars. This Double Eagle is unique for a couple of reasons. This was the last year of the Liberty Double Eagles, replaced by the Saint Gaudens design in the same year. Also, proof quality coins were rarely produced at branch mints prior to 1968. The 1907 D Double Eagle was produced as a proof quality coin by polishing the surface and by minting with multiple strikes to enhance detail. This coin is the only one of its kind known to exist.

For investors interested in truly unique coins within the rare gold coin universe, a Gold Eagle dealer can be of help. Although individual coins may be rare, there is wide range of rare gold coins to choose from. The overall price of investment grade rare gold coins is nearly hundred twenty fold higher than in 1970, and as demonstrated by the PCGS Mint State Gold Coin Index, not all mint state gold coins have moved up equally in price.

A reputable Gold Eagle dealer can help the serious investor find the sleepers in the rare gold coin market before one comes to auction and breaks out of its current price range. After the publicity given to the “branch mint proof” sale of the Liberty Double Eagle once owned by Egyptian King Farouk, it is always possible that other proof quality coins produced at branch mints could gain popularity and higher pricing. 

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org