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Rare US gold coin dating from 1787 sold for 9m dollars

The Brasher Doubloon was sold as part of an auction of US coins in Dallas.

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A rare gold coin made by a noted craftsman in New York in 1787 (Heritage Auctions via AP)

A rare gold coin made by a noted craftsman in New York in 1787 (Heritage Auctions via AP)

A rare gold coin made by a noted craftsman in New York in 1787 (Heritage Auctions via AP)

A rare gold coin made by a noted New York craftsman in 1787 has sold at auction in Dallas for 9.36 million dollars (£6.84m).

Heritage Auctions offered the New York-style Brasher Doubloon on Thursday evening as part of an auction of US coins.

Heritage said the price is the most ever paid for a gold coin at auction. The buyer wished to remain anonymous.

“The Brasher Doubloons, for coin collectors, coin connoisseurs, this is sort of a holy grail … the one piece that is the most famous and the most desired coin,” said Todd Imhof, Heritage’s executive vice president.

I think these coins are generally considered to have been sort of prototypes, experimental pieces if you will, and were likely given to VIPs and dignitaries at the time.Todd Imhof

Of the seven such coins known to exist, the one sold on Thursday was the “finest quality”, Mr Imhof said.

It came from the collection of the late New York businessman Donald G Partrick, who purchased it in 1979 for 725,000 dollars (£530,000).

The coins have such mystique that one was featured in the Raymond Chandler novel The High Window.

The US Mint did not begin releasing coins until 1793. Before that, the coins circulating were colonial, from private minters or foreign, Mr Imhof said.

Ephraim Brasher, a New York gold and silversmith known for producing high-quality items, made the Brasher Doubloons. Mr Imhof said said elements featured on the coins, including an eagle, became part of the nation’s coins.

“I think these coins are generally considered to have been sort of prototypes, experimental pieces if you will, and were likely given to VIPs and dignitaries at the time,” Mr Imhof said.

PA


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