Rare 400 Cent American Coin Sells For $2.5 Million USD

By Meera Dolasia on October 7, 2013

CCSS NCSS-1 Grades: 3-5 Word Search

When the Los Angeles branch of Bonhams Auctioneers placed a rare $4USD gold coin up for bidding they knew they had something special. However even the experts were stunned when on September 23rd, 2013, instead of the expected $1.5 million USD, the coin fetched $2.75 million USD, placing it amongst the 10 most valuable US coins sold at an auction.

It was of course no ordinary gold coin but one that collectors call a 'white whale' - Coins so rare that they come on the market maybe once or twice every decade. This particular one, part of a 27 precious coin collection known as "Tacasyl Collection of Magnificent United States Proof Gold Coins", was an 1880 Coiled Hair Stella, only 10-15 of which are known to exist. Given that most are already in private collections or public institutions, the chances of one coming to market are extremely slim.

While that makes it rare and precious enough, this specimen made of six grams of pure gold is particularly so, because it has never been in circulation prior to this, and is so well-made and in such pristine condition, that it was graded Cameo PF-67, which is the best rating that Numismatic Guaranty Corporation, an independent coin evaluation company gives.

Designed by famous United States Mint engraver, George T. Morgan, the Coiled Hair Stella coin was one of two coins created in response to a proposed initiative that the United States introduce an international coin to trade with Europe.Though Congress ended up rejecting the proposal, about 15 of the Coiled Hair Stella coins were still minted.

Featuring an intricately carved Lady Liberty facing to her right with her hair coiled on the top of her head on the front, and an inscription that reads "ONE STELLA" and "400 CENTS" on the back, it was one of three Stella coins that were sold at the auction. The others however did not bid for as much, because the designs were slightly different and the coins, not as well-preserved.

While this gold coin is in the top ten it certainly is far from the most expensive one ever sold. That credit goes to a 1794 silver dollar called The Flowing Hair Silver Dollar, that fetched a whopping $17.2 million USD in January 2013!

Resources: foxnews.com, news.yahoo.com

Critical Thinking Challenge:

If you were a Mint engraver today, what kind of special coin would you design? Why?

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322 Comments
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  • peacheslarue
    peacheslarueSaturday, November 15, 2014 at 11:32 am
    Cool. thts wat the "tooth fairy" shud give out
    • 💛💙💜Kabya 101Monday, October 27, 2014 at 4:51 pm
      Love ittttttt Even Though I'm a 4th Grader but got an A+on a project for it
      • duffygirl1
        duffygirl1Tuesday, October 7, 2014 at 2:11 pm
        If I had that I would definitley keep it and treasure it!
        • minerWednesday, September 24, 2014 at 11:40 am
          cool
          • pffff
            pffffTuesday, September 23, 2014 at 4:22 pm
            this is incredible
            • calebThursday, September 18, 2014 at 9:17 am
              this is good
              • hirschjn
                hirschjnTuesday, September 16, 2014 at 9:23 am
                If I was a mint engraver I would study the rare Four hundred cent coin. I would study it because there are about 10-15 coins made every decade. Collectors call it the White Whale.
                • mrguy7
                  mrguy7Thursday, September 11, 2014 at 5:44 pm
                  awesome and cool
                  • out doors manThursday, September 11, 2014 at 12:30 pm
                    that is awesome!!!
                    • pinkpumaTuesday, September 9, 2014 at 3:39 pm
                      cool

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