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January 12, 2014

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Historic US gold coin sells for US$4.6m

Two antique American gold coins sold for more than US$7.8 million when they went under the hammer in Florida, auction organizers confirmed on Friday.

The first gold coin made for the United States — a “Brasher Doubloon” struck in 1787 by a neighbor of George Washington — fetched US$4,582,500, Heritage Auctions said. And a nickel made at the Philadelphia Mint in 1913 raised US$3.3 million.

They are part of a sale that has generated US$55 million so far, Heritage Auctions said.

“The legendary Brasher Doubloon is one of the most important coins in American history because it’s the first gold coin struck for the young United States and it’s one of only a handful that exist,” said Todd Imhof, executive vice president of Heritage Auctions.

It had been off the market since bought by a Chicago resident in 1979 for US$430,000.

The 1913 Liberty Head nickel was one of only five known to exist. Their existence was only revealed in 1920 when they were offered for sale by a former Philadelphia Mint employee.




 

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