Gold doubloon worth $16 more than two centuries ago expected to fetch at least $5 MILLION at auction

The coin was struck in 1787 by New York goldsmith Ephraim Brasher
It contains 26.66 grams of gold - worth $16 at the time and $400 today
Experts predict it could sell for far more than its estimated auction price
A 1794 one dollar coin sold for $10million in 2013 holds the current record

http://www.dailymail.co.uk/news/art...ies-ago-expected-fetch-5-MILLION-auction.html

 

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26.66 grams of gold is worth more than $400 today.....
spot is $1225.90 at the moment
26.66 grams is 85.7% of an ounce
$1225.90 x 85.7% = $1050.88 melt value TODAY

 

i realize you were just quoting the article, kinda calls that site's reliability into question....

 

One discrepancy, I was reading the comments at the DailyMail and a user there said the composition is 90%, but yeah, they were WAY off with the $400 price.

 

yeah i had thought about that as i was typing it out....i assumed that the 26.66 gram figure accounted for the AGW and not the weight of the coin

 

OK fine, I'll sniper bid $1111.11

 

If that's the Walter Perschke doubloon, I thought he was asking for 10mill?

 

Midas: <<A 1794 one dollar coin sold for $10million in 2013 holds the current record>>

It still does. Soon after that auction in Jan. 2013, I itemized the top auction prices for individual coins. I have been the leading analyst of rare coin auctions for more than twenty years.

Click to see: The Top Ten Auction Records for Coins & Patterns

I am extremely familiar with the 1794 dollar that sold for more than $10 million. Plus, I know the consignor, the buyer, and three previous owners.

Incredible Carter 1794 silver dollar


Edited: do not include email addresses, use PM function.

 

Five million, crazy. I don't expect it to get anywhere close to that tough it will certainly be in the seven figures. If it were the unique center stamped brasher maybe.

 

https://www.google.com/url?q=http:/...1NigjA&usg=AFQjCNGqh9Mewq2p-ZpQR3lE5rOqit2X2w

 

Gotta love necro-posters digging up old posts from months ago, and replying as if if the story were relevant today...sigh...

 

Thanks for the new vocabulary word. Necroposters.

 

Was that for me? Seems my comments were spot on to what actually transpired even though I wasn't aware that the auction had already occurred.

 

That makes more sense, didn't realize it was Greg.

 

Even if all he says is self-puffery?

 

Yes, he has the credentials to back it up. You should read some of his work, it's really pretty good.

 

BRG5658: Gotta love necro-posters digging up old posts from months ago, and replying as if if the story were relevant today.

This comment is not accurate and is a self-righteous declaration regarding the stories that are "relevant today." 'Necro' refers to those that are dead or something that clearly is dead, even metaphorically. The general thrust of this thread is not at all dead. Indeed, directly related topics will soon become much livelier.

1) As a previous contributor suggested, the $10 million paid for the Carter 1794 dollar remains the auction record for a coin or other numismatic item. There is serious speculation that this record could be broken over the next three years. Could the Childs 1804 Dollar sell for more than $10m?

2) The Brand-Perschke-Monaco Brasher Doubloon is specifically referenced in the topic post. It was prominently on display at the ANA Convention in August. Replicas were then sold and might still be available. That Brasher may be on public display again soon. Moreover, another Brasher Doubloon will probably be auctioned at some point over the next 18 months. In Jan. 2014, the Heritage FUN auction catalogue revealed a point of pedigree that many researchers already knew; Donald Partrick owns the Stickney-Garrett Brasher. Heritage will soon begin to auction the Partrick Collection.

1804 Silver Dollar Sells for $3.88 Million in 2013

Click to see: The Top Ten Auction Records for Coins & Patterns

Incredible Carter 1794 silver dollar