The world of rare coins recently made headlines when an 1879 Stella gold coin sold for an astounding $1.6 million at auction.
This sale highlights the immense value and enduring interest in this piece of American history. The Stella coin is not only rare but also a symbol of the United States’ efforts to create a global trade currency in the 19th century.
Historical Context of the 1879 Stella Gold Coin
In the late 1800s, the U.S. government sought to create a coin that could be used internationally for trade. The result was the $4 gold coin, known as the “Stella,” named after the Latin word for “star.” The coin features a five-pointed star on its reverse side, symbolizing its intended global use.
Design and Specifications
The 1879 Stella gold coin has detailed and unique features that make it a sought-after collector’s item:
Feature|Details
- 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 were produced in very limited quantities, primarily as pattern coins. Some of the most rare versions include:
- 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
The 1879 Coiled Hair version is particularly rare, making it extremely valuable to collectors.
Recent Auction Highlights
In a recent auction, a rare 1879 Coiled Hair Stella gold coin was sold for $1.6 million. This auction price reflects the coin’s rarity and its strong demand among collectors. Its historical significance and intricate design continue to attract collectors and investors.
Factors Influencing the Stella’s Value
Several factors contribute to the value of the 1879 Stella gold coin:
- Rarity: With only a limited number of coins minted, the Stella is scarce.
- Historical Significance: The coin represents an important moment in U.S. history when the government tried to establish a global trade currency.
- Condition: Coins in better condition, especially those graded by professional services, are more valuable.
- Provenance: A coin’s history of ownership can increase its appeal and price.
Collecting and Investing in Stella Coins
For those interested in acquiring a Stella coin, here are a few tips:
- Authentication: It’s crucial to ensure that the coin is authenticated by trusted grading services such as PCGS or NGC.
- Condition: Coins in better condition generally have higher value. Familiarize yourself with coin grading systems to assess a coin’s quality.
- Provenance: A documented ownership history can boost a coin’s worth.
- Consult Experts: Speak with numismatic dealers or experts who specialize in rare U.S. coins to make informed buying decisions.
The sale of the 1879 Stella gold coin for $1.6 million is a testament to its status as a prized numismatic item. Its rarity, historical importance, and unique design continue to make it highly desirable among collectors and investors.
1. What is the 1879 Stella gold coin?
The 1879 Stella gold coin was created as a proposed international trade coin by the United States. It features a star design and was minted in limited quantities.
2. Why is the 1879 Stella coin so valuable?
The 1879 Stella coin is rare, has historical significance, and features intricate designs. Coins in better condition and with a documented history can command higher prices.
3. How many 1879 Stella coins were made?
The 1879 Stella coin was produced in very limited numbers. There were about 425 of the Flowing Hair design and fewer than 20 of the Coiled Hair design.
4. What factors affect the value of a Stella coin?
The value of a Stella coin is influenced by its rarity, historical context, condition, and provenance (the documented history of ownership).
5. How can I buy a 1879 Stella gold coin?
If you’re looking to buy one, ensure the coin is authenticated by a trusted grading service, assess its condition, and consider working with experts in numismatics.
