Announcement: Sunday & Tuesday Internet Coin Auctions and Weekly World and Ancient Coin Auctions move to Heritage Live!

Our Weekly Internet Coin Auctions and World and Ancient Coin Auctions are closing with live, online auctions on HA.com's Heritage Live! platform beginning with the Internet Coin Auction that ends Sunday, September 21st and the World and Ancient Coin Auction that ends on Thursday, September 25th. Each lot is offered one at a time, in lot number order, in live auctions beginning at 8:00 PM CT. During this part of the auction, live bidders will be on Heritage Live! competing with each other and with previously placed Internet bids. The lot opens, requests live bids, and then closes when the bidding is finished. There is no change in how you place your secret maximum bids during the week the auctions are open on HA.com. In addition, once bidding on HA.com ends, 2 hours before the live sessions start, you still have the option to leave proxy bids through Heritage Live!

For more information about Heritage Live!, please visit HA.com/live. If you have any questions about this exciting format change, please contact us at 800-872-6467 or Bid@HA.com.

X
There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
:
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
5371

1879 $4 Flowing Hair, Judd-1635, Pollock-1833, R.3, PR65 Cameo NGC.. ...

2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction #1154

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Apr 28, 2011
Item Activity: 6 Internet/mail/phone bidders
8,093 page views
Location: Donald E. Stephens Convention Center
5555 N. River Road
Rosemont, IL 60018
Description:
1879 Flowing Hair Stella, PR65 Cameo
Remarkably Well-Preserved Specimen
1879 $4 Flowing Hair, Judd-1635, Pollock-1833, R.3, PR65 Cameo NGC.
In 1866 Congress passed the Metric Act, written by Rep. John A. Kasson, then-chairman of the House Committee on Coinage, Weights, and Measures. In March 1867 William Darrah "Pig Iron" Kelley, a Philadelphia native, would assume the chairmanship of the committee, serving through 1873. Kasson, during the next two decades, would serve in some local Iowa state posts as well as on a couple of important European assignments -- one to an international postal convention, one as Minister Plenipotentiary to Austria-Hungary.
The 1866 Metric Act is sometimes referred to as the Kasson Act, under which:

"It shall be lawful throughout the United States of America to employ the weights and measures of the metric system; and no contract or dealing, or pleading in any court, shall be deemed invalid or liable to objection because the weights or measures expressed or referred to therein are weights or measures of the metric system."


Kasson laid out his motives for legalizing the metric system in a report to the 39th Congress in 1866, pointing out that the system "is already used in some arts and trades in this country, and is especially adapted to the wants of others." He wrote further, however, that:

"Its minute and exact divisions specially adapt it to the use of chemists, apothecaries, the finer operations of the artisan, and to all scientific objects. It has always been and is now used in the United States coast survey. Yet in some of the States, owing to the phraseology of their laws, it would be a direct violation of them to use it in the business transactions of the community."


Although Kasson is usually credited with the stella proposal, Robert W. Julian in an (undated) article in Coins magazine titled "From Goloid pattern to $4 coins" puts the idea squarely at the feet of eccentric Philadelphia inventor Dr. William Wheeler Hubbell. Hubbell in 1877 received a patent for his "invention" of goloid metal, a mix of gold and silver that was really just a variant of electrum, which the Lydians had used to strike their first coinage around 600-700 B.C.
In early 1878 Hubbell, through his political connections, succeeded in getting goloid and goloid metric dollars produced (Judd-1557, 1560, 1563), which failed miserably. Even though they contained varying amounts of gold, they were indistinguishable from coins made out of normal coin silver.
The 1879 and 1880 stellas, in both Coiled Hair and Flowing Hair designs, also loudly broadcast their content in even metric weights, although the curious net gold fineness is purportedly six-sevenths, or 85.14%. (The stellas do contain an even metric weight of seven grams.) The 1879 Flowing Hair stellas were offered to congressmen -- enraging collectors of the day -- in three-piece sets with the 1879 metric dollar (Judd-1617/1618) and the 1879 goloid dollar (Judd-1626/1627).
Julian writes:

"For some unexplained reason John Kasson, a former congressman, is given credit for Hubbell's strange ideas. Supposedly Kasson thought that the $4 coin would exchange nicely with the French 20-franc gold, even though the latter was worth about $3.86, not $4. Kasson would have known better. Hubbell did not and should get all the credit, or blame, for the idea of a Stella coin."


This is, of course, in direct contradiction to the Judd reference (edited by Q. David Bowers) and numerous other authorities, including Walter Breen and Jeff Garrett and Ron Guth. Despite the details concerning their genesis, all numismatists today would concur that the stellas are celebrated rarities whose auction appearances are certain to incite spirited bidding.
The wonderfully preserved surfaces of this unusual experimental coin radiate bright yellow-gold color with deeply mirrored fields and sharply contrasting mint frost over the devices. Extremely light die striations traverse the face of Liberty, as always. Close examination with a loupe reveals a few tiny planchet flakes and a thin mark in the left obverse field. Census: 15 in 65 Cameo, 27 finer (2/11).(Registry values: P1) (NGC ID# 28AZ, PCGS# 88057)

View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
884,661
bidder-members
$1,006,650,755
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Consign to the 2015 January 4 - 5 NYINC World Coins & Ancient Coins Signature Auction - Waldorf NYINC.
Learn About Consigning With Us
Needless to say I was overwhelmed by the results of the auction and I truly believe it was Jill’s efforts in promoting and displaying the piece that brought in the extra value.
Joan,
Arlington, MN
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
REALIZED $13,398,253
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
REALIZED SO FAR $9,119,480
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
REALIZED $1,847,114