Obverse

Reverse

N/A (Parade Favor/Token)

Krewe of Pegasus Mardi Gras Doubloon

United States (New Orleans, Louisiana) · 1979

A green anodized aluminum Mardi Gras doubloon featuring a winged horse (Pegasus) on the obverse and theme-related symbols on the reverse.

Country: United States (New Orleans, Louisiana)
Year: 1979
Denomination: N/A (Parade Favor/Token)
Metal: Anodized Aluminum (Green)

This report is AI-generated and can be wrong. Always verify grade, authenticity, and value with a qualified dealer or certified grading service before buying, selling, or insuring.

Identified June 25, 2026More united states (new orleans, louisiana) coins →

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Overview

A green anodized aluminum Mardi Gras doubloon featuring a winged horse (Pegasus) on the obverse and theme-related symbols on the reverse.

Historical significance

Mardi Gras doubloons were first introduced in 1960. They are tossed from parade floats to crowds. The Krewe of Pegasus was formed in 1957. The 1979 date signifies the parade year, while the 1957 date on the obverse commemorates the Krewe's founding.

Obverse (front)

Features a central image of a winged horse (Pegasus) jumping, flanked by laurel leaves. Above is a ribbon reading 'PEGASUS' under 'KREWE OF'. Below the horse is the founding year '1957'. Around the bottom rim: 'NEW ORLEANS MARDI GRAS'.

Reverse (back)

Depicts the 1979 parade theme 'Classic Themes' featuring an open book, an astronaut, a hot air balloon, and a submarine. The year '1979' is prominently featured at the bottom.

Estimated value

$1.00 - $3.00

What drives this coin's value

Value is primarily driven by color (rare colors fetch more), metal (silver versions are more valuable), and Krewe history. Common aluminum doubloons have more sentimental than monetary value.

Grade assessment

About Uncirculated; shows minor surface nicks likely from original parade handling/striking.

Mintage & rarity

Common; produced in high quantities for parade distribution.

Authenticity & counterfeit red flags

Authenticity is rarely an issue for aluminum versions due to low value; check for crisp striking and consistent anodization. High-value silver versions should be weighed.

Notable varieties & errors

Multi-color strikes, 'Dual-tone' finishes, or versions struck in .999 Fine Silver for members.

Similar coins

Other Mardi Gras Krewes (Rex, Comus, Zulu) produce similar doubloons; distinguish them by the central crest and Krewe name.

Care & preservation

Store in a cool, dry place. Avoid scratching the anodized surface, as the silver-colored aluminum underneath will show through. Do not clean with chemicals.

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