$7.4 Million Brasher Doubloon

18th Century US coins are quite difficult to find. The Mint wasn’t even established until the 1790s, and until that time coins were minted from precious metals by foreign countries or private mints, and valued based on weight. Ephraim Brasher was one of those early minters, and in 1787 he created what we call today the “Brasher Doubloon”. Weighing at about an ounce, just the gold in a Brasher Doubloon would be worth over a thousand dollars just by weight, but the rarity of coins from that era drives the value up. Just last month, one of Brasher’s Doubloons was sold by Blanchard & Co for a record-setting $7.4 million dollars.

This particular Brasher Doubloon is the rarest of the seven known to exist. The other six Doubloons are marked with Brasher’s ‘chop-mark’ on the wing, but this coin, known as the DuPont Specimen, was stamped in the center of the coin, over the eagle’s shield. Aside from being one of the rarest gold American coins know, this particular coin has had an adventurous life of its own. On October 6th, 1967, thieves stole the Doubloon, along with many other valuable coins, from the collection of millionaire Willis DuPont. Although many of the coins were not recovered for many years, the DuPont Brasher’s Doubloon was recovered only a year later during a sting operation in Miami.

Since then, this Brasher Doubloon has been living a quiet life, exchanging hands a few times, and increasing in value with each sale. It doesn’t make it the rarest or most valuable of Brasher’s coins, though: Brasher also made a Half-Doubloon, of which only one known example exists.

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Derek Dahlsad, husband of Deanna, is a collector of many things, with some expertise in coins and postage stamps. He also writes for the Prairie Public program "Dakota Datebook".