The coin was one of many items dating back to days of California Gold Rush and prospectors up for bid at The Stack’s Bowers Galleries Rarities Night Auction in Costa Mesa, California.

The $20 double eagle was authorized after the California Gold Rush brought an abundance of gold supply, Kraljevich said.The last time this specific coin was sold was at a Stack’s auction in 1986 ...

However, the massive gold deposits in California inspired Congress to authorize a gold coin that was twice as big as a way to turn the Golden State’s riches into spendable and countable money.

Copyright 2024 The Associated Press. All Rights Reserved. This photo provided by Stack’s Bowers Galleries shows a rare $20 double eagle gold coin from 1870, which ...

Prior to 1849, the highest denomination for a gold coin was $10, known as the eagle. The $20 double eagle was authorized after the California Gold Rush brought an abundance of gold supply, Kraljevich ...

Rare Coin Issued After the California Gold Rush Sold at Auction for $1.4 Million LOS ANGELES (AP) — Avid coin collectors jumped at the chance to get their hands on a rare $20 “double eagle ...