Avid coin collectors jumped at the chance to get their hands on a rare $20 “double eagle” gold coin at a Southern California auction house Tuesday afternoon, but only one walked away victorious after paying a hefty price.

A rare 17th Century coin sold at auction for a record-breaking $2.52 million eight years after it was found in an old cabinet.

On Tuesday, a rare $20 double eagle gold coin sold for $1.44 million. 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,

An American silver coin dating back to the 17th century, before the United States was founded, has sold for a record-breaking $2.52 million at auction, eight years after it was discovered in an old cabinet in Amsterdam.