Ephraim-Palais is a lavish, rococo residence of Veitel Heine Ephraim, the jeweler and tenant of royal mints. The building was erected in 1762-1766. Its facade - full of sculptures and decorations, glistening with gilded balconies - has gained the name of "the most beautiful corner of Berlin" (it is built on a plan of an obtuse angle). Currently, the palace is a place of exhibitions dedicated to the history of the city.
The Ephraim-Palais was demolished in 1935. The present building is a reconstruction of a historic building that was part of a large-scale project to rebuild the medieval old town of Berlin - Nikolaiviertel (Nicholas' Quarter). In 1987, on the 750th anniversary of the founding of Berlin, rebuilt, among others Nikolaikirche (Church of St. Nicholas, which was a ruin since the end of World War II) and the Ephraim-Palais was reconstructed.
Veitel Heine Ephraim became famous for minting coins that were often lowered in gold and silver. He did so at the behest of King Frederick II, who thus financed his wars.