The numismatic world was recently abuzz when a rare 1879 Stella gold coin sold for an impressive $1.6 million at auction. This sale underscores the enduring allure and value of this unique piece of American coinage history.
Historical Context of the 1879 Stella Gold Coin
In the late 19th century, the United States sought to create an international trade coin to facilitate commerce with Europe. The result was the $4 gold coin, commonly known as the “Stella,” named after the Latin word for star, which is prominently featured on the coin’s reverse.
Design and Specifications
The 1879 Stella gold coin boasts intricate designs and specific features:
| Feature | Details |
|---|---|
| Obverse Design | Lady Liberty with flowing hair, encircled by the words “E PLURIBUS UNUM” and the date “1879” |
| Reverse Design | A five-pointed star (Stella) with inscriptions denoting the coin’s specifications and “UNITED STATES OF AMERICA” |
| Composition | 85.71% gold, 4.29% silver, 10% copper |
| Weight | 7 grams |
| Diameter | 22 millimeters |
| Edge | Reeded |
| Designer | Charles E. Barber |
Rarity and Variants
The Stella coins were produced in extremely limited quantities, primarily as patterns:
- 1879 Flowing Hair: Approximately 425 minted.
- 1879 Coiled Hair: Fewer than 20 known specimens.
- 1880 Flowing Hair: Around 15 known.
- 1880 Coiled Hair: Approximately 10 known.
The 1879 Coiled Hair variant is particularly rare, making it highly sought after by collectors.
Recent Auction Highlights
In a recent auction, an 1879 Coiled Hair Stella gold coin achieved a remarkable $1.6 million. This sale reflects the coin’s rarity, historical significance, and the strong demand among collectors.
Factors Influencing the Stella’s Value
Several elements contribute to the high value of the 1879 Stella gold coin:
- Rarity: Limited mintage numbers make these coins exceptionally scarce.
- Historical Significance: As a proposed international trade coin, the Stella represents a unique chapter in U.S. numismatic history.
- Condition: Coins in superior condition, especially those graded by reputable services, command higher prices.
- Provenance: A well-documented ownership history can enhance a coin’s desirability.
Collecting and Investing in Stella Coins
For those interested in acquiring a Stella gold coin, consider the following:
- Authentication: Due to their value, ensure the coin is authenticated by reputable grading services such as the Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC).
- Condition Assessment: Higher-grade coins are more valuable. Familiarize yourself with grading standards.
- Provenance Research: A documented history can add to the coin’s appeal and value.
- Consult Experts: Engage with numismatic experts or dealers specializing in rare U.S. coins to make informed decisions.
Conclusion
The recent $1.6 million sale of the 1879 Stella gold coin highlights its status as a numismatic treasure. Its rarity, historical context, and intricate design continue to captivate collectors and investors alike.
FAQs
What is the significance of the 1879 Stella gold coin?
The Stella was a proposed $4 gold coin intended for international trade, representing a unique experiment in U.S. coinage.
Why are Stella coins so rare?
They were produced in limited quantities as pattern coins and never released for general circulation.
How can I verify the authenticity of a Stella gold coin?
Have the coin evaluated by reputable grading services like PCGS or NGC.
What factors affect the value of a Stella coin?
Rarity, condition, historical significance, and provenance all influence the coin’s value.
Are there different designs of the Stella coin?
Yes, there are Flowing Hair and Coiled Hair designs for both 1879 and 1880 issues, with varying degrees of rarity.
