Home > GC Helpdesk > GreatCollections News

  > Brasher Doubloon Sells for $7.4 Million...

GC Helpdesk
All the latest news about GreatCollections, including Press Releases.
Just joined GreatCollections? Here you will find out useful information for new members.
Learn everything you need to know about bidding and buying coins and numismatic products through GreatCollections
Learn everything you need to know about selling coins, bullion and other items through GreatCollections
Learn everything you need to know about notification, form of payments accepted and shipping informations
Information about My Account at GreatCollections and general Membership questions.
Learn more about all of the services we offer at GreatCollections, your full service auction and discounts
Throughout our listings, there are abbreviations about coins, such as VAMs, Overton numbers, pedigree
Learn more about how to contact us regarding our website and coins being offered.

Brasher Doubloon Sells for $7.4 Million...

Ian Russell on Mon, Dec 12, 2011 05:30:13 AM
Even as the spot price of gold and silver have eased off a little, we still see strength in the rare coin market.  Another example of this is the $7.4 million sale of the Brasher Doubloon that was reported today.  I remember seeing this coin at the Sacramento ANA earlier in the year.

As to why it's a $15 coin, David McCarthy, numismatic researcher for The Brasher Bulletin, explains it the best: "The coinage standards of weight and value established by the Bank of New York in 1784 indicate that Doubloons weighing 17 pennyweights (about ¾ of an ounce) were valued at $15. Brasher's Doubloons weigh 17 pennyweights, and would therefore have been $15 coins."

Ian Russell
GreatCollections Coin Auctions


NEW ORLEANS (AP) — 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, said 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.

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.