The Legendary 1787 Brasher Doubloon: A $3.7 Million Rarity

If you are interested in coin collection and their rarity, then you may have heard the name of the 1787 Brasher Doubloon. This coin is not only important in American history, but its price is also shocking. This coin has very recently been auctioned for a whopping $3.7 million, making it one of the rarest and priciest coins in the whole wide world. We’ll see in detail the story behind this historic coin, its features, and its reasons for such a high price.

History of Brasher Doubloon

The 1787 Brasher Doubloon is one of the earliest coins in American history. It was minted by a jeweler and metal expert named Elias Brasher (Ephraim Brasher). Brasher lived in New York and was famous for his excellent gold and silver work. He asked the government for permission to officially mint coins, but when this request was rejected, he privately minted some gold coins, which are today known as the Brasher Doubloons.

This coin dates back to the period after the American Revolution, when the country’s economic situation was unstable and different types of currency were in circulation in different places. The Brasher Doubloon was one of the few coins that were made of high quality and pure gold and is therefore highly valuable.

Features of the Brasher Doubloon

• This rare coin has some important features that make it different from other coins:
• Design:
• One side of the coin has an eagle engraved with the imprint “EB” on its chest, which is seen as Brasher’s signature.
• The other side depicts a rising sun and ocean waves, which symbolize freedom and new beginnings.
• Metal Quality:
• This coin was made of 22-carat gold, which adds to its rarity.
• Limited Minting:
• Only a few hand-picked copies of the Brasher Doubloon exist, and that is what drives its price sky-high.

Why did this coin sell for $3.7 million?

The Brasher Doubloon has been sold at auction several times in history, but recently it sold for $3.7 million, making it one of the most expensive coins in the world. There are several reasons behind its high price:

• Extreme rarity—Only a few Brasher Doubloons exist in the world, making them extremely rare.
• Historical significance—It is one of the coins from the early days of America, which makes it historically important.

• High demand from collectors—The Brasher Doubloon is no less than a treasure for coin collectors, so its price keeps rising at auctions.
• High value of gold—Since this coin is made of 22-carat gold, its intrinsic value is also very high.

Do you have a rare coin? Check it here!

If you are a coin enthusiast, then you need to know that any old coin you have can also be rare and valuable. Pay attention to some key points to identify rare coins:

• Check the mint mark—some special coins come with a specific mint mark, which indicates their rarity.
• Check the condition (grading) of the coin—coins with higher grading are worth more.
• Check the historical background—old coins that have historical significance are more valuable.
• Special designs and errors—At times, minor errors made during coin minting make it rare.

Other expensive coins in the world

Apart from the Brasher Doubloon, there are some other rare coins that have sold for crores at auctions:

• 1933 Double Eagle ($18.9 million)—This is the most expensive coin in the US, sold for a record-breaking price in 2021.
• 1794 Flowing Hair Dollar ($10 million)—This was the first official dollar coin of the US.
• 1913 Liberty Head Nickel ($4.5 million)—This coin is extremely rare as there are only 5 known copies.
• 1804 Silver Dollar ($3.8 million) – It is also known as the “King of Coins.”

Conclusion

The 1787 Brasher Doubloon is not just a coin but a prized piece of American history. Its unique design, rarity, and historical significance have made it one of the most expensive coins in the world. Despite selling for a whopping $3.7 million, its reality is much more valuable than that, as it testifies to America’s financial and cultural growth.

This coin is a dream for collectors who are always on the lookout for rare coins. Due to its extreme rarity and high grading, its value keeps on increasing in every auction. If you have an old rare coin, then this could be a unique opportunity for you too—because history can repeat itself, and a seemingly ordinary coin can make you a millionaire!

FAQs