The legendary Brasher Doubloon, made in 1787 by George Washington's New York City neighbor, has been sold for a record price by Steven L. Contursi, President of Rare Coin Wholesalers in Irvine, California. A Wall Street investment company subsequently paid nearly $7.4 million for the historic gold coin.

The legendary Brasher Doubloon, made in 1787 by George Washington's New York City neighbor, has been sold for a record price by Steven L. Contursi, President of Rare Coin Wholesalers in Irvine, California.

A hedge fund has acquired one of the rarest coins in the world for more than $7 million.