The 1787 Brasher Doubloon is considered one of the most valuable and rare coins in U.S. history. With its rich history, exceptional craftsmanship, and scarcity, this coin continues to attract collectors worldwide. In 2021, it sold for an astounding $9.36 million, setting a new record for rare American coins.
1787 Brasher Doubloon
The 1787 DBLN New York-Style Brasher Doubloon is one of the most famous and valuable coins ever minted. Created by Ephraim Brasher, a New York goldsmith, it was one of the earliest private gold coins in the United States.
The coin’s design and rarity have made it a coveted item for collectors. Only a few of these coins exist, which contributes significantly to its extraordinary value.
History And Origins
The Brasher Doubloon was created in 1787, during a time when the United States had no official minting system. Brasher’s gold coin was produced privately for circulation, combining both practical use and intrinsic value.
The coin’s design, which features an eagle and a rising sun over a mountain, holds deep historical significance, symbolizing the early American spirit.
Design and Craftsmanship
The doubloon features intricate designs. On the obverse, an eagle is shown holding an olive branch and arrows, which symbolize peace and strength.
The reverse depicts a sun rising over a mountain with the words “NOVA EBORACA” (New York) and “EXCELSIOR” (Ever Upward). These elements are crafted with meticulous attention to detail, reflecting Brasher’s skill and the craftsmanship of early American coinage.
Auction Milestones and Provenance
Since its creation, the Brasher Doubloon has had an impressive auction history. In 1979, a specimen from the Garret Collection sold for $725,000.
However, the coin truly made headlines when it fetched an incredible $9.36 million in 2021. This sale set a new record, showcasing the immense value of this historical artifact.
Rarity and Value
One of the key factors contributing to the value of the Brasher Doubloon is its rarity. With only a few known to exist today, this coin is extremely difficult to find.
The most recent sale was for a coin in perfect condition, graded MS65 by PCGS. Its high grade and limited number make it a rare treasure in the world of numismatics.
| Characteristic | Description | Value Estimate | Auction Date | Sold Price |
|---|---|---|---|---|
| Coin Type | 1787 Brasher Doubloon | Over $9 million | 2021 | $9.36 million |
| Creator | Ephraim Brasher | Historic Coin | 1979 | $725,000 |
| Design | New York Style | Symbol of Peace | 2021 | $9.36 million |
| Grade | MS65 PCGS | Top-Quality | 2021 | $9.36 million |
Why It’s Worth $9 Million
The combination of scarcity, historical significance, and craftsmanship makes the Brasher Doubloon worth millions. It represents a significant period in American history when coinage was not yet standardized, and every coin was a work of art and utility. The coin’s unique design and the fame of its creator add further to its value.
Conclusion
The 1787 Brasher Doubloon is an exceptional coin that exemplifies the rich history and craftsmanship of early American coinage. Its rarity and unique design have made it a prized possession for collectors, fetching millions at auction. As one of the most valuable coins ever sold, the Brasher Doubloon continues to hold a place of reverence in the world of numismatics.
FAQs
The Brasher Doubloon can fetch over $9 million at auction, depending on its condition and provenance.
Its rarity, historical importance, and exquisite craftsmanship make it one of the most sought-after coins in numismatic history.
Ephraim Brasher, a New York goldsmith, created the Brasher Doubloon in 1787.
Only a few Brasher Doubloons are known to exist, making it an extremely rare and valuable coin.
Its combination of beautiful design, high gold purity, and historical context sets it apart from other colonial-era coins.
