NOT SOLD (BIDDING OVER)
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This item WAS NOT SOLD. Auction date was 2006 Feb 07 @ 18:00UTC-8 : PST/AKDT
Housed in early NGC grading holder #239507-002, this historic cameo-quality Four-Dollar gold piece, or "Stella" as it came to be known, was proposed to solve a couple of problems facing the United States system of coinage in the 1870s. The first was to make a coin whose "intrinsic measure and value" as part of the design was sufficient to make it useful as in international trade to compete with similarly sized Continental gold coins as well as the English sovereign. The other, as a bone tossed to the Western silver mining "Interests" as they were called, was to strike these using an alloy with either 4% silver or 10% silver, thereby increasing sales of this semi-precious metal by the silver mining states. Despite all the hoopla surrounding the issue, the Stella project was quickly abandoned and forgotten by all but consummate coin collectors. With 425 1879 Flowing Hair coins minted, split into two groups, 25 of which are considered "originals" and made in 1879, followed by 400 strikes from the same dies made in 1880, this is a scarce offering in choice condition. Among the survivors, this is an eye-catching frosted Proof 64, one of the freshest examples in its class you will ever see certified by a third-party grader. Lightly toned and gleaming with golden originality!
Auction Location:
9478 W. Olympic Blvd, Beverly Hills, California, United States
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