LIMA Dbln Brasher MS (PCGS# 491)

The Gold Rush Collection

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    30015
  • Grade:
    EF40
  • Price:
    $690,000.00
Lot Description
1742 DBLN Brasher Lima Style Doubloon. XF40 NGC. Lots 30011 through 30017 represent what is almost certainly the ultimate collection of coins related to Ephraim Brasher, the New York city gold and silversmith. Included are two colonial copper coins produced by John Bailey and punchlinked to the Brasher Doubloons, two gold coins from Brazil that each have an EB counterstamp, the important 1742-dated Lima Style Brasher Doubloon, the famous 1787 New York Style Brasher Doubloon with EB punched on the eagle's wing, and the unique 1787 New York Style Brasher Doubloon with EB punched on the eagle's breast. Perhaps the single most important entry into the history of the Brasher Doubloon (specifically the Lima Style Doubloon), was published in the ANS Coinage of the Americas Conference series. "Ephraim Brasher's 1786 Lima Style Doubloon" was presented by Michael Hodder at the 1991 conference, and was published by the ANS in 1992 as part of Money of Pre-Federal America, edited by John M. Kleeberg. Walter Breen suggested that the Lima Style Doubloons were produced after the New York Style pieces. In his Complete Encyclopedia, Breen noted: "Most likely their unfamiliar design [the New York Style Doubloons] met with resistance, so that Brasher substituted another design, imitating the then common Philip V Lima Doubloons; he hallmarked these similarly." This statement would probably still be taken as the truth except for the report of Michael Hodder who noted that the EB punch appearing on the Lima Style Doubloons is in an earlier die state, meaning they had to be struck first. Regarding the Lima Style Doubloon, Hodder (p. 128) noted: "Another gold coin type which bears an 'EB' counterstamp has been known for nearly a century, the so-called 'Lima Style' Doubloon. Apart from a few auction catalogue descriptions of indifferent usefulness, and a report by the American Numismatic Society published in 1915, even less of value has been written about this putative Brasher product. Today
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