The Brasher Dubloon made history again in January 2021, when another specimen sold at auction for a mind-blowing $9.36M.United States coins preserve America’s story in a uniquely fascinating way and now you can own a rare piece of American coinage history. remains proud of its part in the transaction: The Brasher doubloon indeed falls into the rarefied strata of coin collecting and remains one of the most valuable coins in the world today. The coin, which is smaller than a half dollar but heavier, was to be delivered by armored vehicle to the buyer over the weekend.īlanchard & Co. Elevators were shut off to the 19th floor of a downtown office building housing Blanchard’s offices, and doors inside the office were locked, CBS News reported at the time. The other six specimens feature EB on the bird’s right wing.Īhead of the sale, at Blanchard’s New Orleans headquarters, the doubloon sat sealed in a protective case on an office table surrounded by three armed guards. Only seven Brasher Doubloons in all survive, and the one placed by Blanchard is the sole specimen with the initials of its maker, EB for goldsmith Ephraim Brasher, punched across the breast of the eagle depicted on the coin. The beautiful coin contains 26.66 grams of gold - slightly less than an ounce.Īt the time of the sale in December 2011, CAC founder and Blanchard partner John Albanese hailed the coin as one of the most iconic pieces in all of the numismatics and the holy grail of all collectible gold coins. Mint in Philadelphia didn’t begin producing coins until the 1790s, and in our nation’s earlier years, it was common to use foreign coins in everyday transactions. The 1787 Brasher Doubloon is the first American-made gold coin denominated in dollars. This historic rarity was minted by Ephraim Brasher, a goldsmith, and neighbor of George Washington. The coin, dated 1787, was graded AU50 by PCGS and has a green CAC sticker. The identity of the buyer was not disclosed. In 2011, Blanchard and Company made numismatic history by placing the famed Brasher Doubloon for a record $7.395 million with a Wall Street investment firm. Here is a list of the five most valuable coins in the world. Historically, collectors purchased rare coins for their historical significance and beauty, but as these collections fetched significantly higher values, investors began turning to rare coins as a new type of asset class for capital appreciation, diversification, non-correlation to stocks, and as a hedge against inflation. By the late 1590s coin collecting had become extremely popular among the nobility and the first known coin auctions were held in 1598 in Holland. As this review of the five most valuable coins in the world will reveal, it is indeed rewarding both personally and financially.Ĭoin collecting has its roots in the European Renaissance among wealthy Europeans. Once known as the “hobby of kings,” it is now called the “king of hobbies”. ![]() ![]()
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