![]() In the 1980s, the mint started turning out gold and silver coins designed for commodity traders and investors. Mint has issued commemorative coins for decades, including a series of quarters honoring each state. Many coin collectors stick to more affordable commodities: The U.S. The Brasher coin was called a doubloon because it is approximately the weight of a Spanish gold doubloon, a common coin in colonial America. At that time, the nation had not yet established a currency standard, and there also were mints operating in the states that mostly produced copper coins for small change. "It's not a stretch to call this the holy grail of all collectible gold coins," he said.īrasher made a small number of the doubloons and other coins that are believed to have been intended for circulation. Albanese is a consulting partner for Blanchard and well-established in the coin grading field.Īlbanese said he offered $5.5 million for the coin more than three years ago and the offer was rejected. Curiously, the current owner is now also the only collector who owns all the 19th century US stamps."We have known about it and coveted it for years," said Blanchard CEO Donald Doyle Jr.Ībout six weeks ago, the doubloon was sent to John Albanese of Certified Acceptance Corp. Experts estimated that the price for the Holy Grail of Philately had reached the $2,970,000 mark. As a result, the valuable piece was “exchanged” for 4 "Inverted Jenny" stamps. Seven years later, Bill Gross offered a deal to the company president. In the year 1998, Mystic Stamp Company bought it from him for an unknown amount (approx. ![]() ![]() In 1986, Robert Zoellner bought the item for $418,000. At different times, its owners were private collectors Lester Brookman and Jerry Buss. Curiously, he presented the item along with his full US stamps collection. In 1925, philatelist Benjamin Miller decided to pass the valuable piece to the institution. The New York Public Library is the lucky owner of the first stamp. One of these rare stamps is kept in a private collection and the other has been granted to an institution, which can be accessed by the general public. Type Z grill (11 x 14 millimeters) was not widely used, because soon after its introduction, it was decided to stop using the technology.Īt present, there are two known copies of this stamp. In general, 11 types of grill presses (each designated by a Latin letter) were introduced. ![]() As a result, the paper would soak ink up easily making it impossible to wash it off. The technology implied pressing a special grill to the paper to tear the fibers so that a rectangular grid with small indentations would appear on the backside. American post service resorted to it so that citizens could no longer erase ink from cancelled stamps and then reuse them. The coin was sold by Blanchard and Co., a coin and precious metal dealer located in New Orleans. In particular, grilling technology was used to modify its texture. Wall Street Buys 'Holy Grail' of Coins Decem56 view (s) History Gold News One of the rarest American coins, the 1787 gold Brasher doubloon, recently sold for 7.4 million. The piece was produced in 1868 using a rare technology. In fact, this is the most valuable of all US post stamps, and it can become the highlight of the most prestigious philatelic auctions. Gross (Bill Gross) collection.Īt first glance, the stamp you can see above is a simple blue stamp with a portrait of one of the Founding Fathers and the first postmaster of the United States, Benjamin Franklin. ![]()
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