Book Review – Double Eagle: The Epic Story of the World’s Most Valuable Coin by Alison Frankel

Alison Frankel’s book, Double Eagle: The Epic Story of the World’s Most Valuable Coin, delves into the intriguing history surrounding the 1933 Double Eagle, a coin that has captured the attention of numismatists and collectors alike. Through meticulous research, Frankel presents an informative and engaging narrative, offering insights into the coin’s creation, its controversial history, and the legal battles that ensued.

Overview of the Book

The 1933 Double Eagle was initially minted during a tumultuous period in American history. The coin was never officially circulated due to President Franklin D. Roosevelt’s decision to abandon the gold standard. However, a few specimens mysteriously surfaced, leading to decades of intrigue and legal challenges. Frankel’s book explores these events, shedding light on the individuals and circumstances involved.

Key Themes

Historical Context: Frankel provides an overview of the economic and political climate of the early 1930s, explaining how these factors influenced the decision to cease the issuance of gold coins.
Numismatic Significance: The book highlights the Double Eagle’s significance in the world of numismatics, detailing its design by Augustus Saint-Gaudens and its place in American coinage history.
Legal Battles: A significant portion of the book is dedicated to the legal disputes over the ownership of the few remaining coins, mainly focusing on the 2002 auction of a 1933 Double Eagle that fetched over $7 million.

Analysis of Frankel’s Approach

Frankel utilizes a narrative style accessible to both numismatists and general readers. Her detailed research is evident as she draws from various sources, including court documents, interviews, and historical records. This comprehensive approach allows Frankel to present a balanced account of the events surrounding the Double Eagle.

Critical Reception

The book has been well-received by both numismatic experts and general reviewers. Many praise Frankel’s ability to weave a compelling story without sacrificing factual accuracy. However, some critics note that the book could delve deeper into the technical aspects of coin collecting for those interested in numismatic details.

Conclusion

Double Eagle: The Epic Story of the World’s Most Valuable Coin is a significant contribution to the literature on numismatics and American history. Frankel’s work illuminates the fascinating story of a single coin and provides a broader understanding of the era’s cultural and economic shifts. This book is a worthwhile read for anyone interested in the intersection of history, law, and coin collecting.