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Finest Certified 1787 Brasher Doubloon Realizes $4,582,500

January 10, 2014 in Antique Coins, Auctions, Coins, Collecting, Gold, Gold Coins, News, Numismatica, Numismatics, Rare Coins, USA Coins

January 9, 2014 By Dennis Hengeveld (http://news.coinupdate.com)

The 2014 Florida United Numismatists (FUN) convention was highlighted by the sale of various prime numismatic rarities, first and foremost the finest certified example of the 1787 Brasher Doubloon, sold by Heritage Auctions.

One of the most enigmatic and historical of all United States Coinage, the coin offered was one of only seven Brasher Doubloons known to have survived to the present day and a representative of the only colonial United States gold coin struck for circulation, with regular gold coinage by the United States Mint not produced until 1795, almost a decade later. The coin has been certified by NGC as MS-63, and is the only uncirculated piece certified by either PCGS or NGC. Another uncirculated example was in the Garrett collection but has not been submitted to a grading service for authentication. The other five known examples are circulated. With such specifications, the auction price of $4,582,500.00 (including buyer’s premium) was certainly warranted.

1787 New York Brasher Doubloon, MS63 Only Pre-Federal American Gold Coin, W-5840 Finest-Certified Example of This Classic Rarity The Discovery Coin, Ex: Gilmor, Newlin, Davis, Brand

1787 New York Brasher Doubloon, MS63
Only Pre-Federal American Gold Coin, W-5840
Finest-Certified Example of This Classic Rarity
The Discovery Coin, Ex: Gilmor, Newlin, Davis, Brand

1787 New York Brasher Doubloon, MS63 Only Pre-Federal American Gold Coin, W-5840 Finest-Certified Example of This Classic Rarity The Discovery Coin, Ex: Gilmor, Newlin, Davis, Brand

1787 New York Brasher Doubloon, MS63
Only Pre-Federal American Gold Coin, W-5840
Finest-Certified Example of This Classic Rarity
The Discovery Coin, Ex: Gilmor, Newlin, Davis, Brand

A full and excellent history of the coin and it’s maker, Ephraim Brasher, can be found in the auction catalog and on the website of Heritage Auctions. Brasher was a New York native and silversmith who worked in Manhattan and lived close by on Cherry Street in New York City, with George Washington and as his neighbor in the 1780’s. Brasher and Washington were well acquainted, and to this day silverware hallmarked “EB” can be found in the collection of the White House, including the original receipts. This hallmark, the capital letters “EB” in an oval can also be found on various world gold coins of this period. It appears that Brasher was a proficient assayer as well and that counterstamped coins that he had tested circulated at full value.

Full article at the source>

Link to Heritage Auctions Auction Archive Page for this coin

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