Extremely Rare Gold Brasher Doubloon Minted in 1787 Fetches $7.4 MillionYou’ll find the full AP story here.
NEW ORLEANS -- An exceedingly rare 1787 gold Brasher doubloon has been sold for $7.4 million, one of the highest prices ever paid for a gold coin.
Blanchard and Co., the New Orleans-based coin and precious metals company that brokered the deal, told The Associated Press the doubloon was purchased by a Wall Street investment firm. Identities of the buyer and seller were not disclosed.
Minted by Ephraim Brasher, a goldsmith and neighbor of George Washington, the coin contains 26.66 grams of gold--slightly less than an ounce. Worth about $15 when it was minted, the gold value today would be more than $1,500.
It is the only known example of the doubloon with a distinctive hallmark punch on the eagle’s breast; five other known doubloons have a punch on the eagle’s left wing.
The Brasher doubloon is considered the first American-made gold coin denominated in dollars; the U.S. Mint in Philadelphia didn’t begin striking coins until the 1790s, and foreign coins of various currencies were in use in the nation’s early years.
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(The Rap Sheet).