The 1787 New York-Style Brasher Doubloon is one of the most valuable and historically significant coins in American history.
Privately minted by skilled goldsmith Ephraim Brasher, this gold doubloon represents the early efforts to establish a stable U.S. currency after the country gained independence.
With only seven known specimens in existence, this coin’s rarity and intricate design make it a prized possession for collectors. In 2021, one of these coins sold for an astonishing $7.4 million, securing its place as one of the world’s most expensive gold coins.
The Origins of the Brasher Doubloon
In the late 18th century, the newly independent United States faced significant challenges, including the lack of a stable currency.
At the time, foreign coins like Spanish dollars were commonly used in trade, but there was a pressing need for American-made money. Ephraim Brasher, a renowned goldsmith and silversmith from New York, stepped forward to address this issue.
Brasher, a neighbor and associate of George Washington, produced a series of gold doubloons in 1787. These coins were privately minted, making them one of the earliest examples of American coinage.
Though they were not officially adopted as currency, they symbolized the country’s desire to establish financial independence.
Design and Symbolism
The Brasher Doubloon features a stunning design that reflects the optimism and ambition of the young nation.
- Obverse (Front): A rising sun over a mountain, representing a new dawn for the United States. The Latin inscription “NOVA EBORACA COLUMBIA EXCELSIOR” encircles the design, meaning “New York, America, Ever Upward.” The date “1787” is displayed at the bottom.
- Reverse (Back): An eagle with outstretched wings, holding an olive branch and arrows—symbolizing peace and strength. The phrase “UNUM E PLURIBUS” (One Out of Many) surrounds the eagle, foreshadowing the national motto. The most distinctive feature is Brasher’s hallmark, “EB,” stamped on the eagle’s breast, verifying its authenticity.
Rarity and Value
With only seven known specimens, each with slight design variations, the Brasher Doubloon is one of the rarest American coins.
This extreme scarcity, along with its historical importance and artistic craftsmanship, has made it highly desirable among collectors.
In 2021, a Brasher Doubloon sold at auction for $7.4 million, making it one of the most expensive gold coins ever sold. This record-breaking price reflects not just its rarity but also the high demand for historic American artifacts.
Ephraim Brasher’s Legacy
Ephraim Brasher’s work extended beyond the doubloon. His reputation as a skilled craftsman influenced early American coinage, setting standards for quality and design. While his doubloons were not widely circulated, their impact on numismatics remains profound.
Today, his coins are viewed as masterpieces of early American artistry and a testament to the country’s pioneering spirit.
How to Engage with the Brasher Doubloon
Although owning a Brasher Doubloon is out of reach for most collectors, there are still ways to appreciate and engage with its legacy:
- Study early U.S. coinage to understand the historical context of coins like the Brasher Doubloon.
- Explore other colonial-era coins, as many are more affordable and offer insights into America’s numismatic history.
- Attend auctions and exhibitions where the Brasher Doubloon might be displayed, offering a rare opportunity to see it in person.
- Work with reputable dealers when collecting valuable coins to ensure authenticity and certification from organizations like PCGS or NGC.
The Brasher Doubloon is more than just a coin—it is a symbol of American ambition, independence, and craftsmanship. Its extraordinary value and rarity make it one of the most sought-after pieces in the numismatic world.
Whether you are a collector, historian, or simply fascinated by the past, the Brasher Doubloon represents a tangible link to the early days of the United States and the visionaries who shaped its future.
