Gold Brasher Doubloon
creator still making numismatic headlines — centuries later by Blanchard Coins
| Feb 23, 2016
It seems almost like yesterday
that Blanchard and Company made numismatic history by placing
the famed “Brasher Doubloon” for a record $7.395 million
with a Wall Street investment firm. The coin, dated 1787,
was graded AU50 by PCGS and has a green CAC sticker.
At the time of the transaction, December
2011, CAC founder and Blanchard consultant John Albanese
hailed the coin as “one of the most iconic pieces in all
of numismatics” and “the holy grail of all collectible gold
coins.” And it still is. Only seven Brasher Doubloons in
all survive, and the one placed by Blanchard is the sole
specimen with the initials of its maker, “EB” for goldsmith
Ephraim Brasher, punched across the breast of the eagle
depicted on the coin. The other six specimens feature “EB”
on the bird’s right wing.
“In a class by itself”: Why is it significant?
As a Blanchard press release noted at the time: “Recent
research has established that the Brasher 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, putting Brasher’s first New York-style Doubloon
in a class by itself.”
And as then-Blanchard CEO Donald W. Doyle,
Jr. observed, “Blanchard specializes in all types of American
rare coins serving investors and collectors of just about
every budget, but when it comes to the rarest of the rare,
the company has established itself through transactions
like this and others as THE rare coin firm.”
Brasher “regulated” gold now graded: Now,
in 2016, goldsmith Ephraim Brasher, who was a neighbor of
George Washington in New York, is back in the news. NGC
has announced that it has graded six so-called “regulated”
gold coins, five of which Brasher personally handled.
Spanning years from 1726 to 1778, the 18th-century
coins are the products of various foreign mints (Great Britain,
Brazil, and Chile). Brasher’s role was to weigh them and
either plug or clip them as necessary to make them compatible
for U.S. commerce. The five coins bear his signature “EB”
stamp, while contemporary silversmiths John Burger and Joseph
Richardson Jr. also played roles in regulating some of the
specimens.
The coins provide another fascinating look
at the work of one of the pioneering — and towering — figures
in American numismatic history.