1907 Double Eagle Coin
In an astonishing find that has captivated coin collectors and maritime historians alike, a rare 1907 Double Eagle gold coin—now valued at an incredible $9.9 million—has been recovered from the wreck of a long-lost ship near South Carolina.
Once thought to be lost forever beneath the ocean, this remarkable coin is now being recognized as one of the most historically valuable and visually striking pieces of U.S. currency ever discovered. Its reappearance has reignited fascination with early 20th-century coinage and underscored the cultural significance of American numismatics.
A Hidden Treasure Underwater
The coin was located during a deep-sea expedition to the remains of the SS Madison, a steam-powered vessel that mysteriously sank in 1909 while en route from New Orleans to New York. A private salvage team located the shipwreck earlier this year, uncovering a trove of gold coins, though none as remarkable as the 1907 Saint-Gaudens Double Eagle.
Experts are calling the discovery extraordinary, not only due to the coin’s rarity but also its nearly flawless condition after more than a century underwater.
What Makes the 1907 Double Eagle So Special?
The 1907 Double Eagle holds a special place in American history, having been created by legendary sculptor Augustus Saint-Gaudens at the urging of President Theodore Roosevelt. Roosevelt aimed to transform U.S. coinage into a form of classical art, and the result was this breathtaking $20 gold piece depicting Lady Liberty striding forward with grace and strength.
Because of striking difficulties at the mint, only a small number of these ultra high-relief coins were produced before the design was altered. These limited examples are highly sought after by collectors and historians.
A Multi-Million Dollar Coin
Upon recovery, the coin was sent to the Numismatic Guaranty Company (NGC) for detailed examination. After an in-depth assessment, experts authenticated it as one of the original ultra high-relief pieces and awarded it a near-perfect grade.
The appraised value came in at a stunning $9.9 million. Lisa McCarthy, Director of NGC’s Rare Coin Division, described the coin as a “national treasure,” citing both its artistic excellence and its close association with Roosevelt’s vision of elevating American money.
The Salvage Operation
The discovery of the SS Madison’s wreck is a testament to determination and technological progress. After decades of fruitless searches, the ship was finally located through advanced sonar mapping and robotic exploration tools nearly 2,000 feet below sea level.
The site offered a rich haul of historical artifacts, including jewelry and vintage documents. However, as salvage team leader Chris Vaughn noted, the moment the 1907 Double Eagle appeared, it was clear they had found something truly transformative.
A Glimpse Into History
Beyond its monetary value, the recovered coin offers a tangible link to America’s economic past and the artistry of its minting traditions. The Double Eagle not only reflects the ambition of a young, ascending nation but also reveals intricate craftsmanship and Roosevelt’s personal legacy in currency reform.
This remarkable find sheds light on a pivotal moment in U.S. history, intertwining maritime adventure with numismatic brilliance.
Last Thought
The resurfacing of the 1907 Double Eagle from the depths of the Atlantic is more than a treasure hunt victory—it’s a powerful reminder of how art, history, and perseverance intersect.
As this golden relic prepares for its next chapter, possibly breaking records at auction, it continues to tell the story of a nation striving to express its ideals through beauty, ambition, and bold innovation.
FAQs
Q1: What exactly is the 1907 Double Eagle coin?
The 1907 Double Eagle is a $20 gold coin designed by Augustus Saint-Gaudens at the request of President Theodore Roosevelt. It features Lady Liberty holding a torch and olive branch and is widely regarded as one of the most beautiful coins in American history.
Q2: Why is this particular coin worth $9.9 million?
Its ultra high-relief design makes it exceptionally rare, as very few were minted before the design was simplified. The fact that this coin was found in excellent condition after being submerged for more than 100 years adds immense historical and financial value.
Q3: Where was the coin found?
The coin was discovered in the remains of the SS Madison, which sank in 1909 off the coast of South Carolina. A private marine salvage team located and explored the shipwreck earlier this year using cutting-edge technology.
Matthew K. Ayers is a seasoned finance writer with a sharp eye for market trends and economic insights. With a background in financial analysis and a passion for simplifying complex topics, he crafts clear, actionable content to help readers make smarter money decisions. From personal finance to global markets, Matthew delivers trustworthy advice with clarity and precision.