1880 $4 FLOW HAIR

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Sold on Aug 16, 1996 for:

$101,200.00 Bid Source: Live: Floor bidder

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Description

1880 Flowing Hair Stella

1880 Flowing Hair PR 64 NGC. While technically a pattern issue, there were sufficient quantities of four-dollar gold pieces minted that this curious coin has long been collected as a part of regular issue U.S. coinage. First struck in 1879 the "stella" was struck again in 1880. George Morgan also produced a design for the stella with the figure of Liberty having coiled hair. The overwhelming majority of Flowing Hair stellas are dated 1879 with 415 pieces reportedly struck. Mint records indicate that only 15 pieces were produced in 1880, but this number is obviously in error as some 18-25 examples are known today, making the total minted probably around 50 coins. As an individual issue, the 1880 Flowing Hair is closer in rarity to the famed Coiled Hair pieces. The 1880 is 12 to 15 times scarcer than its 1879 Flowing Hair counterpart, but it seldom sells for more than twice the price.
Lightly cleaned at one time, the surfaces are bright yellow-gold throughout. The fields are deeply mirrored and there is a modest amount of mint frost on the devices, not enough to warrant a cameo designation but enough so that there is some variation in texture between the fields and devices. As with the 1879 coin above, this piece also displays several shallow die striations running vertically down the face of Liberty. Of the greatest rarity and importance to collectors of dated gold. Population: 2 in 64, only 2 finer (6/96).
From the estate of Vaughn Papke.

Coin Index Numbers: (NGC ID# 28B3, PCGS# 8059, GSID# 8785)

Metal: 86% Gold, 4% Silver, 10% Copper
Weight: 7.00 grams
AGW: 0.19355oz
Mintage: 15

Auction Info

1996 ANA Signature Sale #163 (go to Auction Home page)

Auction Dates

August, 1996

14th-17th Wednesday-Saturday

Bids + Registered Phone Bidders: 3

Lot Tracking Activity: N/A

Page Views: 663

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Sold on Aug 16, 1996 for: $101,200.00

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