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Saturday, May 26, 2012

It’s golden! Coin sold for $7.4 mil.

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In a photo provided by Blanchard and Company, Inc., a rare 1787 gold Brasher doubloon, which sold for $7.4 million, one of the highest prices ever paid for a gold coin, is seen in New Orleans, Friday, Dec. 9, 2011. Blanchard and Co., the New Orleans-based coin and precious metals company that brokered the deal, said the doubloon was purchased by a Wall Street investment firm. (AP Photo/Chris Baudot, Blanchard and Company, Inc.,)

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Updated: January 14, 2012 8:08AM



An exceedingly rare 1787 gold Brasher doubloon has been sold for $7.4 million, one of the highest prices ever paid for a gold coin.

The doubloon was purchased by a Wall Street investment firm. Identities of the buyer and seller were not disclosed.

The Brasher doubloon is considered the first American-made gold coin denominated in dollars.

AP

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