Coins often tell the story of a nation’s past, and the 1787 Brasher Doubloon is one of the most fascinating examples. This rare and historic gold coin is valued at over $2.999 million, making it a prized possession among collectors. Let’s explore what makes this coin so extraordinary.
What is the 1787 Brasher Doubloon?
The Brasher Doubloon is a gold coin privately minted by Ephraim Brasher, a New York silversmith, in 1787. It is considered one of the first gold coins produced in the United States, predating the establishment of the U.S. Mint.
Design Features of the Brasher Doubloon
Obverse (Front)
- Eagle Design: A majestic eagle clutching an olive branch and arrows, symbolizing peace and readiness for war.
- “EB” Countermark: Brasher’s initials stamped on the eagle’s wing.
Reverse (Back)
- Sun Rising Over Mountains: A sunburst design over a range of mountains, representing hope and a bright future.
- Motto: The Latin phrase “E PLURIBUS UNUM,” meaning “Out of many, one.”
Why is the Brasher Doubloon So Valuable?
1. Historical Significance
As one of the first gold coins made in America, it represents a key moment in U.S. monetary history.
2. Scarcity
Fewer than ten Brasher Doubloons are known to exist, adding to their mystique and value.
3. Unique Design
The coin’s intricate design and Brasher’s countermark make it a masterpiece of early American craftsmanship.
4. Private Minting
Brasher created this coin independently, showcasing the entrepreneurial spirit of early America.
Notable Sales of the 1787 Brasher Doubloon
| Year | Buyer | Sale Price | Condition |
|---|---|---|---|
| 1979 | Private Collector | $430,000 | Fine |
| 2011 | Wall Street Firm | $7,395,000 | Nearly Mint State |
| 2021 | Heritage Auctions | $9,360,000 | Mint Condition |
How to Identify a Brasher Doubloon
1. Countermark
Look for the “EB” stamp on the eagle’s wing, which authenticates the coin.
2. Gold Content
The coin is made of high-purity gold, weighing approximately 26.6 grams.
3. Professional Grading
All authentic Brasher Doubloons are certified by top-tier grading services such as PCGS or NGC.
Fascinating Facts About the Brasher Doubloon
- One of America’s First Gold Coins: Minted before the official U.S. coinage began.
- Featured in Pop Culture: The coin has appeared in books, movies, and TV shows as a symbol of immense wealth.
- Rare Varieties: The “EB” countermark placement varies between specimens, making each coin unique.
Conclusion
The 1787 Brasher Doubloon is not just a coin—it’s a piece of American history. Its unique design, rarity, and significance make it one of the most sought-after coins in the world. Whether you’re a collector or a history enthusiast, the Brasher Doubloon represents a fascinating glimpse into the nation’s early monetary system and the ingenuity of its people.
FAQs
1. How many Brasher Doubloons exist today?
Fewer than ten known specimens exist, with slight variations in design.
2. Who was Ephraim Brasher?
Ephraim Brasher was a New York silversmith and goldsmith known for his exceptional craftsmanship.
3. Can I buy a Brasher Doubloon?
They occasionally appear in high-profile auctions, but their price is typically in the millions.
4. What makes this coin so valuable?
Its rarity, historical importance, and connection to early American coinage make it highly valuable.
5. Is the Brasher Doubloon legal tender?
Although it was privately minted, it was used in commerce during its time and is now considered a collectible.