Vital rare coin & paper money industry updates // 26 May 2020
A "Stellar" Coin For the Pattern CollectorHeritage Auctions · May 18, 2020
Press Release Auctions U.S. Coins
Struck only for two years but with two different designs, in 1879 and 1880, the Stella is instantly recognizable to collectors today and would be a wonderful piece to own and enjoy in the years to come.
Did you know that the United States Mint made $4 gold coins for a brief period in time? Yes, I did say $4. A “Stella,” or $4 Gold Piece, was minted for just two short years in 1879 and 1880. These coins, considered pattern pieces, were produced as part of a fascinating, short-lived experiment to try out a new denomination aimed at trade.
Struck only for two years but with two different designs, in 1879 and 1880, the Stella is instantly recognizable to collectors today and would be a wonderful piece to own and enjoy in the years to come. Their odd $4 denomination is a quirk that is nearly as popular with numismatists as the lovely design of the Flowing Hair pieces or the true scarcity of the Coiled Hair pieces.
As our catalogers explain, "The United States Mint has put out a number of strange, seemingly needless coinage denominations over its 228 year history, including the two and three cent coins, a short-lived twenty cent piece, and the three dollar gold piece, but none of them stand out quite like these four dollar coins."
Depending on the specifics and the coins' condition, these pieces can often exceed the $250,000 price range! Heritage Auctions will be offering a Flowing Hair example that can be purchased more affordably (in relative terms) and would be a wonderful addition to a type set, pattern collection, or cabinet of high-quality gold coins. Graded Proof 63 Cameo by NGC, this is your chance to own such an iconic coin while staying under the $200,000 mark.
Roughly 400 pieces were believed to have been struck, making any Stella a true prize for the advanced collector. Expect spirited bidding when this coin crosses the auction block: [link to auction lot].
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Heritage Auctions is the largest collectibles auctioneer and third largest auction house in the world, as well as the largest auction house founded in the U.S. We are also the undisputed Internet leader in our field, with more than 1 million online bidder-members registered on HA.com.