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Ephraim Brasher Regulated 1739 Half Joe Earlier Regulated in Occupied New York by F&G

Portugal. Joao V 6400 Reis 1739. Lisbon mint. EB mark for Ephraim Brasher. F&G mark for Lewis Fueter and G. KM221. XF. Clipped and re-edged. Plugged and marked by both F&G (Lewis Fueter and partner) and Ephraim Brasher, New York. Weight precisely correct for the 1784 New York 9 dwt standard used by Brasher (215.9 grains). Neatly clipped below date in typical Brasher fashion, one bold horizontal cut along with more exacting clipped facets left of 6:00 to regulate this with great precision. The F&G plug is at precise center, flattened flush to the obverse and inserted from the reverse, where the mark is boldly impressed and precisely horizontal, covering the plug entirely. The Brasher mark is smaller and protrudes in low relief at the central bottom of the shield. The EB mark in oval is the precise mark as used on the famous doubloons, sharper at left than right, oriented horizontally in Brasher's usual position near the base of the portrait bust. The surfaces are light yellow gold with minor hairlines and good remaining luster, especially frosty and lively on the reverse.

This is an exceptional Brasher piece. The high grade host is a scarce early date, the visual appeal is excellent, and the second mark is from a desirable Tory firm in occupied New York during the American Revolution. A similar piece, likewise marked by F&G and EB, brought $25,300 in the 2005 Eliasberg sale. That EB mark was a different one from this punch (the precise one used on the Doubloons) thus bringing suspicion from some quarters. By way of comparison, the following lot, a Guinea that was marked with the same punch as seen on the present piece, realized $45,300, a closer approximation of its market value. Brasher marked pieces have brought even more aggressive sums since, including a $57,500 realization in the 2008 Stack's Americana sale for a single-marked Brasher Half Joe that had been further clipped to below its New York standard weight. This would make a superb type coin for an advanced collection that lacks one fine piece of early American regulated gold.

Provenance: From New England Rare Coin Auctions' 1975 NENA sale, November 7, 1975, Lot 230.
From the Edward Roehrs Collection of U.S. Regulated Gold.

Service and Handling Description: Coins & Currency (view shipping information)

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Auction Dates
August, 2010
Internet/Mail/Phone Bidders: 1
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