An uncommon gold coin made by a prominent expert in New York in 1787 has sold at sell off in Dallas for $9.36 million.
An uncommon gold coin made by a prominent expert in New York in 1787 has sold at closeout in Dallas for $9.36 million.
Legacy Auctions offered the New York-style Brasher Doubloon on Thursday night as a component of a closeout of U.S. coins Heritage said the deal is the most ever paid for a gold coin at sell off and the purchaser wished to stay mysterious.
“The Brasher Doubloons, for mint piece authorities, coin experts, this is kind of a sacred goal…the one piece that is the most popular and the most wanted coin,” said Todd Imhof, Heritage’s chief VP.
Of the seven such coins known to exist, the one sold Thursday was the “best quality,” Imhof said. It came from the assortment of the late New York financial specialist Donald G. Partrick, who bought it in 1979 for $725,000.
The coins have such persona that one was included in the Raymond Chandler epic “The High Window.”
The U.S. Mint didn’t start delivering coins until 1793. Before that, the coins circling were pilgrim, from private minters or unfamiliar, Imhof said.
Ephraim Brasher, a New York gold and silversmith known for creating excellent things, made the Brasher Doubloons, Imhof said. He said components highlighted on the coins, including a bird, turned out to be important for the country’s coins.
“I think these coins are by and large considered to have been kind of models, exploratory pieces maybe, and were likely given to VIPs and dignitaries at that point,” Imhof said.