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.

The first $1 million pledge in the American Numismatic Association’s $40 million fund-raising effort to put museums on both coasts and improve the one in Colorado Springs, Colo., was made by Steven L. Contursi, president of Rare Coin Wholesalers of Dana Point, Calif.