Brasher Doubloon Sells for $7.395 Million

[Abhay]

A Brasher gold doubloon was sold in a private treaty sale brokered by Blanchard and Company for $7.395 million. It is giving the 1933 $20 gold piece a run for its money as the most valuable U.S. coin.

Though the 1933 $20 gold piece sold for $7.59 million at a 2002 public auction as the only example that can be legally owned, the Brasher piece is also unique. It has the Philadelphia goldsmith's "EB" initials on the eagle's breast. Six other examples are known with the "EB" punch on the wing.

The New Orleans firm announced the sale Dec. 12.

"Ultra-rare collectible numismatics have quietly continued to have strong investor demand as desired tangible assets," says Donald W. Doyle, Jr., Blanchard chairman and CEO.

It was purchased from John Albanese, founder of Certified Acceptance Corp.

The new owner's identity, however, was not revealed.

Recent research, according to the firm, has established that Ephraim Brasher's punch-on-breast doubloon is the first American-made gold coin that had a denomination in dollars and that was struck to the same standard that was later adopted for all U.S. gold coins, making it what is today considered the first truly American gold coin. No other U.S. Colonial or federal coin can make that claim.

Source: Numismaster

Abhay

[Coinsforever]

The new owner's identity, however, was not revealed.

Coin is getting fame whilst owner remain secret , I Guess  owner must be investor not the collector.(Numismatist)

Cheers

[Figleaf]

Quite correct, Ajay. The new owner is a New York hedge fund. You know, those people who claimed they didn't have to pay taxes over their profits. The people who caused enormous liquidity problems by refusing to let institutional investors liquidate their positions during the Lehman episode. The people who cheered when Gingrich said that not bankers should be jailed, but Dodd and Frank.

It is safe to bet that they have no affinity with any coins, which will not prevent them from spouting the usual clichés about its historical importance. Well, now that, thanks to the internet, everyone has a picture, is actual possession of the coin even necessary for a serious numismatist?

Peter

[Prosit]

Isn't it actually a fancy token ? 
Dale

....... the coin.........

Peter