Rare U.S. 1879 Stella Gold Coin Makes Waves in Auction with $1.6 Million Sale

The sale of an 1879 Stella gold coin at auction for an incredible $1.6 million recently made news in the rare coin industry.

This sale demonstrates how valuable and sought-after this piece of American history is. In addition to being uncommon, the Stella coin represents the United States’ 19th-century attempts to establish a worldwide commerce currency.

Historical Context of the 1879 Stella Gold Coin

The U.S. government tried to design a coin that could be used for international trade in the late 1800s. The outcome was the $4 gold coin called the Stella, which is derived from the Latin word for star. The coin’s intended worldwide use is symbolized by the five-pointed star on the reverse side.

Design and Specifications

The 1879 Stella gold coin is a highly sought-after collector’s item because to its distinctive and intricate features:

Features and Information

• Obverse Design: Lady Liberty with flowing hair, surrounded by E PLURIBUS UNUM and the date 1879
• Reverse Design: A five-pointed star (Stella) with inscriptions about the coin s specifications
• Composition: 85.71% gold, 4.29% silver, 10% copper
• Weight: 7 grams
• Diameter: 22 millimeters
• Edge: Reeded
• Designer: Charles E. Barber

Rarity and Variants

Stella coins, mostly used as pattern coins, were made in extremely small amounts. Among the rarest variations are the following:

• 1879 Flowing Hair: About 425 minted
• 1879 Coiled Hair: Fewer than 20 known
• 1880 Flowing Hair: Around 15 known
• 1880 Coiled Hair: Approximately 10 known

Due to its rarity, the 1879 Coiled Hairversion is highly prized by collectors.

Recent Auction Highlights

A rare 1879 Coiled Hair Stellagold coin brought $1.6 million at a recent auction. The coin’s high demand among collectors and rarity are reflected in its auction price. Collectors and investors are still drawn to it because of its historical relevance and elaborate design.

Factors Influencing the Stella s Value

The 1879 Stella gold coin’s value is determined by a number of factors:

1. Rarity: With only a limited number of coins minted, the Stella is scarce.
2. Historical Significance: The coin represents an important moment in U.S. history when the government tried to establish a global trade currency.
3. Condition: Coins in better condition, especially those graded by professional services, are more valuable.
4. Provenance: A coin s history of ownership can increase its appeal and price.

Collecting and Investing in Stella Coins

Here are some pointers for anyone looking to purchase a Stella coin:

1. Authentication: It s crucial to ensure that the coin is authenticated by trusted grading services such as PCGS or NGC.
2. Condition: Coins in better condition generally have higher value. Familiarize yourself with coin grading systems to assess a coin s quality.
3. Provenance: A documented ownership history can boost a coin s worth.
4. Consult Experts: Speak with numismatic dealers or experts who specialize in rare U.S. coins to make informed buying decisions.

The 1879 Stella gold coin’s $1.6 million sale price demonstrates how valuable it is as a numismatic artifact. It is still very sought-after by investors and collectors due to its unusual design, historical significance, and rarity.

1. What is the 1879 Stella gold coin?

The United States proposed the Stella gold coin in 1879 as a currency for international trade. It was produced in small quantities and has a star design.

2. Why is the 1879 Stella coin so valuable?

Intricate designs, historical significance, and rarity characterize the 1879 Stella coin. Coins having a recorded history and better condition might fetch greater prices.

3. How many 1879 Stella coins were made?

There were extremely few of the 1879 Stella coin made. Less than 20 of the Coiled Hair design and roughly 425 of the Flowing Hair style were available.

4. What factors affect the value of a Stella coin?

A Stella coin’s rarity, provenance (the recorded history of possession), historical context, and condition all affect its value.

5. How can I buy a 1879 Stella gold coin?

If you want to purchase one, make sure the coin has been verified by a reliable grading service, evaluate its condition, and think about consulting numismatic specialists.

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