Exceedingly Rare Brasher Doubloon Sold for $7.4 Million
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Even though the gold value of this doubloon is of just $1,500, one anonymous buyer didn’t hesitate to pay a staggering $7.4 million for it. This is obviously one of the highest prices ever paid for a gold coin, and it’s much more than this particular one’s last price: $3 million in 2004.
The extremely rare doubloon was minted in 1787 by Ephraim Brasher a silversmith and goldsmith who also happened to be the neighbor of George Washington. The privately-minted Brasher doubloon is considered the first American-made coin denominated in dollars.
Containing 26.66 grams of gold, which is a little less than an ounce, the doubloon was worth only $15 when it was created back in 1787. The company that brokered it, Blanchard and Co. from New Orleans, did not reveal the identity of the buyer, but it did mention that it was a Wall Street investment firm.