United States: Ephraim Brasher-Counterstamped/Regulated 4-2/3 Dollars ND (c. 1780's) VF25 PCGS,...

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Sold on Jan 10, 2022 for:

$72,000.00 Bid Source: Internet bidder

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An Impressive Relic of Colonial America's Most Famous Regulator

Ephraim Brasher-Counterstamped/Regulated 4-2/3 Dollars ND (c. 1780's) VF25 PCGS, cf. Wood, "The Coinage of the West Indies and the Sou Marqué," pg. 30, Fig. 123, Gordon-pp. 91-93. Displaying a round counterstamp with Ephraim Brasher's EB mark (XF Details) on an unplugged and lightly clipped George II Guinea 1760 from Great Britain (cf. KM588, S-3680), weighing 5.25 dwt (126 grains). Undoubtedly the most famous of all early American regulators, Ephraim Brasher is likely one of the most instantly recognizable names in all of American numismatics. Readily identified with his New York-style Dubloons, Brasher belonged to an important class of silver- and goldsmiths in the colonies who were relied upon by merchants and regular colonists alike to make sense, as so aptly worded by David T. Alexander, "of the Babel of gold and silver coins of the world which circulated in the bullion-starved colonies and the new republic." A Member of the Gold and Silversmiths Society from 1786, Brasher is of further note to history as George Washington's next-door neighbor in New York when the city briefly served as the nation's capital--Washington's residence being at 3 Cherry Street and Brasher's (as of 1789) at 1 Cherry Street. Washington is also known to have purchased silverware from Brasher, which found use on numerous state occasions.

While the EB stamp is known across Portuguese "Joes," Spanish Colonial 8 Escudos, and even a Louis XV Louis d'Or, regulated Guineas carrying Brasher's mark are extremely rare; we have offered only three previously, one part of our recent sale of the Donald Partrick Collection (Heritage Auction #1326, January 2021, Lot 3939)--which realized $93,000--one in the Roehrs Collection (Heritage Auction #3010, August 2010, Lot 21343, also ex. Garrett), and one in our September Auction #1116 (Lot 83). Interestingly, while several of these coins are known to have carried the same stamp used on the iconic Brasher Dubloons, the stamp on this piece, though lightly doubled in the B, shows the bottom loop of the B protruding past the upper loop. In any case, a remarkable relic of the United States' early history, and a coveted opportunity among most collectors to obtain a Brasher-regulated coin in lieu of his prohibitively expensive Dubloons.

From the Long Island Collection

Metal: Gold
Diameter: 25mm

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