Monday, June 15, 2020

Thank You, Federal Reserve: First US Gold Coin Is Expected to Fetch One Million Times Its Original Value

The 1787 Brasher Doubloon was the first gold coin struck in the US and represents one of the most important pieces in America’s numismatic history. It was originally worth about $15, but is currently being offered privately for $15 million, according to the Robb Report.

The coveted coin was privately minted in 1787—five years before the federal mint opened—by Ephraim Brasher, a New York silversmith, who lived next door to George Washington, RR continues.

While Brasher struck a small batch of Doubloons, this unique piece is one of just seven that were produced. This particular example is the only one to have Brasher’s hallmark initials punched on the eagle’s breast; the others, including one in the Smithsonian, have “EB” stamped on the eagle’s wing.

The coin has exchanged hands between collectors just a handful of times, exponentially increasing in value with every sale. It sold for $625,000 in 1981, $2.99 million in 2005 and $7.4 million in 2011.

If you wish to make an offer, contact Jeff Sherid at PCAG Inc.


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