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 unique Brasher Doubloon, the first gold coin made for the young United States, has been sold by nationally known rare coin dealer, Steven L. Contursi of Laguna Beach, California, to Certified Acceptance Corporation (CAC) of Far Hills, New Jersey. An undisclosed Wall Street investment firm subsequently has purchased it from Blanchard and Company of New Orleans, Louisiana for a record price of nearly $7.4 million, the most money ever paid for the historic rare coin.
It was struck in 1787 by George Washington's New York City neighbor, silversmith Ephraim Brasher. In January 2005, Contursi purchased the coin for a then-record $3 million along with participant Donald Kagin of Tiburon, California with Contursi having a two-thirds majority interest in it and Kagin one-third. Over the last seven years Contursi extensively exhibited the gold piece across the country.
