1787 U.S. Coin Fetches $7.4 Million

Posted in the 18th century in the news by Editor on December 14, 2011

From CoinWeek (12 December 2011) . . .

Blanchard and Company places world’s most valuable gold coin – the Brasher Doubloon for a record $7.395 million . . .

This rare numismatic treasure is considered America’s first and most important gold coin. It was purchased from John Albanese, founder of Certified Acceptance Corp. (CAC), and the transaction is the single highest price ever paid for a coin in a private transaction. It is truly unique as there is only one known example. . .

The Brasher Doubloon with the punch on the breast was minted in 1787 by Ephraim Brasher, a silversmith and goldsmith in New York City, and it contained $15 worth of gold at the time of its minting. Brasher made a small number of gold coins that historians today believe were intended for public circulation. . . .

The full article is available here»

Additional coverage is available at The Daily Mail.