Brasher Doubloon Sells For Over $7 Million!

Hey Everybody!
A Euphraim Brasher Doubloon just sold via private transaction for over $7 million dollars! This is a record breaker for this coin, which is considered the pinnacle of
United States Numismatics. Blanchard and Company of New Orleans handled the sale of this unique coin which I will explain the details about below:

Ephraim Brasher was a goldsmith from New York in the late 1780's. He was well known for his work, and he put his counter-stamp on gold coins of the era. A merchant counter-stamp was when a merchant took a coin such a s a Large Cent, and stamped his business name, town, or occupation on the coin. These coins are highly collectible in today's numismatic field. Brasher counter-stamped gold coins of the era, and his counter-stamp was on the eagle's breast of the coin that just sold. That piece is unique, meaning it is the only one known. The coin sold for almost $3 million dollars in 2005 from Heritage Auctions. The other major variety is when Brasher put his counter-stamp on the eagle's wing, and these still bring incredible sums but there are more than just a mere 1 known.

Friends of mine at Kagin's out in California handled the coin. Kagin's is one of the premier numismatic dealers of the century and has an incredibly talented staff of people ranging from territorial gold experts to paper money, and I am glad to count them as close friends and colleagues in the field.

Until next time,
Matt Draiss
Matt Draiss Numismatics

What Is This Blog For?

This blog is going to cover the latest in numismatic news, the latest info from the Mint, much information and articles about numismatics in general, and a heck of a lot more than just rants about Proof Sets and Modern Commemoratives! You will get the BEST news coverage here, collector advice, reviews of companies, my own personal views on the field, interviews, and MUCH MUCH MORE! Why should you sign up and listen here? Well, as a Young Numismatist and a professional coin dealer I always have my ear to the ground as to what is going on out there! Got questions? Well we will do regular answer sessions! This blog will be updated at LEAST 1 or 2 a week. Please tell your coin friends as you will not be dissapointed! My first story will be up later this coming week and will be covering the wonderful story of what just happened with the sale of a Brasher Doubloon! Some of my dear friends at Kagin's in California handled the sale of such a wonderful coin, which is one of the most important ever issued in history and one of the most important coins to come from this country!

Who Am I?

Matt Draiss is a professional numismatist from Albany, NY. Matt began his career with just a simple state quarter book and a few coins that his grandfather owned before he died. Matt was hooked for life after that. Matt brings quality customer service and works withe the best dealers in the area. Matt has handled/looked at over $36,550 in rare coins. He specializes in Liberty V nickels( 1883-1912) obsolete bank notes, and the coinage and currency of Biafra, a small sucessionist effort in Africa in the late 1960's. Matt can bring you professional service on any coins, paper money, medals, tokens, or bullion brought to him. He can also provide professional guidance on what to do with your collection. For a 10% commission he liquidates collections. Matt is locally known for the coins he sells regularly at the local show. Matt works with coins 2000 years old to brand new.
He does it all. So when you need somebody for a collection worth $50 to $10,00, Matt is the man to see.

Matt is a member of the following:
American Numismatic Society
American Numismatic Association
Second-vice president Albany Numismatic Society.
The Liberty Nickel Collector Society
Civil War Token Society
Coneca

Matt has also given reports/talks on two of his specialties: coinage and paper money of Biafra and National And Obsolete bank notes from the National Bank of Coxsackie as well as general obsolete bills collecting.


Mission:
To provide quality numismatic expertise.

Awards:
2010 Dr. Kenneth J. Sartoris Award Presented to the Best Speaker of the year from the Albany Numismatic Society for a talk he gave on obsolete bank notes.

Matt Draiss is the founder and CEO of Matt Draiss Numismatics and an apprentice at William S. Panitch Rare Coins. Matt also is the owner's protege at Olde Saratoga Coin.