1880 $4 Coiled Hair gold Stella sells for $2.75M

[jeff of pa]

A gold coin known to collectors as one of the "white whales" in the coin collecting world was sold Monday for $2.75 million at Bonhams auction house in Los Angeles,

The 1880 $4 Coiled Hair Stella is six grams of pure gold and was never released in circulation.
According to Stack's Bowers the coin was designed by famed United States Mint engraver George T. Morgan when there was a push in the United States for its own international coinage to enable easier trade with Europe. Congress rejected the initiative. But not before a handful were produced.

Rare gold coin from 1880 sells for $2.75M at auction | Fox News

 

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[Sheldon J]

"never released for circulation" So how did they come by it and how long before the government confiscates this coin....

 

[TheCoinKid]

I gave it my best shot, but, darn it, got sniped right at the end