1879 Flowing Hair $ 4 Gold Coin Leads Heritage Auctions American Coin Auction
DALLAS – Almost four dozen bids poured in for a gorgeous 1879 $ 4 Flowing Hair until it hit $ 264,000 to lead the Heritage Auctions SignatureÂ® US Coins auction from the 16th to the 19th December. The 1879 Stella Flowing Hair – the official name for a $ 4 coin – has long been included in sets alongside regular issue coins, and is the only template issue with its own section in the guidebook. annual, nestled between the three-dollar gold coin and half an eagle, each of which, unlike the star, actually circulated. Mint Director Horatio Burchard wrote to Philadelphia Mint Superintendent A. Loudon Snowden with instructions for making Stellas and other coins that House Committee Chairman Alexander H. Stephens , wanted to. His letter suggested that 20 coins be struck in the appropriate alloys from obverse designs that were already in hand, but 25, not 20, were struck in December 1879, possibly in the correct alloy. The stellas were sold as part of three-coin sets with the Goloid dollar and metric silver dollars, the first of which were available in December 1879 and January 1880. Another 100 sets were delivered in March 1880, followed by 300 more sets in May for a total of 425 sets. The proposed Heritage example has been rated PR66 Ultra Cameo by NGC. For more information, visit www.ha.com.