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Lot
5403

1879 $4 Flowing Hair, Judd-1635, Pollock-1833, R.3, PR58+ NGC....

2014 January 8 - 12 FUN US Coin Signature Auction - Orlando #1201

 
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Auction Ended On: Jan 9, 2014
Item Activity: 9 Internet/mail/phone bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Description:
1879 Flowing Hair Stella, Judd-1635, PR58+
Among the Most Iconic of U.S. Patterns
1879 $4 Flowing Hair, Judd-1635, Pollock-1833, R.3, PR58+ NGC. In U.S. numismatics, attitudes toward patterns are almost diametrically opposite between the main current and specialists. While devotees of the series prize great rarities, only a handful of patterns have broken into mainstream popularity, and almost invariably these are among the more common issues, simply because they have the right mix of rarity (relative to the mass mintages made for commerce) and enough availability to encourage broad interest and a significant market for such pieces.

The stellas, especially the 1879 Flowing Hair version, benefit from a "perfect storm" of similar variables. Several hundred of the pieces were made for members of Congress, ensuring a balance between rarity and availability. With a face value of four dollars, they were a great novelty in their day and remain so to the present. With time and the maturation of U.S. coin collecting, they entered the canon, so to speak, appearing in the Guide Book and other popular resources, and enthusiasm for such pieces long has endured.

This PR58+ representative offers a great opportunity for collectors who want a good-looking example of a stella but would find an unimpaired proof out of reach. It shows modest cabinet friction on the high points of its honey-gold surfaces and an assortment of light hairlines and contact marks, most visibly between STATES and OF on the reverse, yet the overall eye appeal is solid. For the right collector, this will be a "dream coin" and owning it perhaps a crowning numismatic accomplishment.
From the collection of Donald E. Bently, sold for the benefit of the Bently Foundation.(Registry values: P1) (NGC ID# 28AZ, PCGS# 8057)

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