Business Irish

Saturday 10 December 2016

Security top priority for €5.5m coin

Nick Bramhill

Published 03/11/2011 | 05:00

A HUGE ring of steel is to be put in place to protect the world's most valuable coin when it goes on show in Ireland for the first time.

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The 1933 Double Eagle has a face value of just $20 (€14), but a market value of at least $7.6m (€5.5m).

Although among the last batch of gold coins ever minted by the US government, Double Eagles were never issued -- nearly all of the 500,000 coins minted were melted down to bullion.

However, one of the few surviving coins will form the centrepiece of an exhibition in Dublin early next year.

The Dublin Mint Office, which has struck a deal to borrow the coin from the Washington-based Smithsonian Institution, said yesterday it would mount a huge security operation to protect the coin.

Simon Mellinger, the mint's managing director, said: "We're at the early stages of organising the exhibition, but it is planned for Dublin early next year.

"Security is a major part of the planning process and there will be a big team and heavy guard in place for the event."

Only two Double Eagle's were thought to have been saved and were sent to the Smithsonian -- one of which is being loaned to the Dublin Mint Office for the exhibition next year.

Irish Independent

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