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05 Feb 2015

Museum Showcase: A closer look at the 1787 Brasher Doubloon

National Money Show | ANA Official Post | ANAStaff

The Brasher Doubloon has a mystique all its own among American coins. Produced by Ephraim Brasher, a well-known New York jeweler and goldsmith and a neighbor of George Washington’s while he stayed in New York, the Brasher Doubloon is based on the weight standard of Spanish-American gold coinage and was valued at $15. These pieces were the first gold coins produced in the U.S. intended for circulation. The story behind the creation of these pieces highlights a time when American money was not yet standardized and when private citizens could produce coinage, as Ephraim did. The Brasher Doubloon is the first truly American gold coin and is the forebear of all gold struck by the United States.

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