1879 $4 JD-1 Flowing Hair PCGS Genuine
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1879 $4 Flowing Hair, Judd-1635, Pollock-1833, JD-1, R.3 -- Repaired -- PCGS Genuine. Proof, XF Details. The tedious and complicated calculations required for proper international exchange rates prompted the Mint's investigation into a gold denomination that would most closely provide an easy exchange value, while conforming to domestic standards and popular foreign metric equivalents. The four dollar stella was conceived as America's answer to foreign gold such as the Austrian 8 florin gold coins, the British sovereign, Italy's 20 lire, and Spain's 20 pesetas. The proposed gold coin was called the stella -- valued at $4.00 when struck in goloid metal -- and it was nearly the financial equivalent of those popular gold coins in the international market. The idea was championed by John A. Kasson, who was the United States Minister to Austria in 1879 and who previously was the Chairman of the Congressional Committee on Coinage, and Dr. Wheeler W. Hubbell, who was the patent owner for the goloid alloy. An estimated 1879 production numbering 300 to 600 Flowing Hair pieces were distributed to Congressmen and other dignitaries, but the stella was never meant for domestic circulation. Pieces found are either former pocket pieces or jewelry items, or some pieces may have been spent despite their unfamiliar denomination (400 cents) and pattern status. This example is a genuine 1879 Flowing Hair stella showing either abundant circulation wear or an extended time as a pocket piece. PCGS notes the coin is repaired, with discreet tooling visible in the fields, especially on the obverse and less noticeably on the reverse, too. Rich harvest-gold color remains throughout the obverse and the reverse, with both sides somewhat glossy in appearance. The proof XF sharpness includes smooth wear at the central hair strands while the peripheries and reverse devices are sharper. A shallow flat area exists on the obverse rim above 7 S G. Despite the PCGS Genuine grade, this is an ...
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Collectors CornerSM coin information: (data courtesy of PCGS.com *)
| PCGS Coin #: |
106660 |
| PCGS Coin Description: |
1879 $4 JD-1 Flowing Hair |
| Mintage: |
425 |
| Grade: |
NG |
| Auction Prices Realized: * |
Auction Prices Realized
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| Additional resources: |
PCGS CoinFacts
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PCGS Set Registry:
 Learn more about Set Registry
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No composite sets currently defined for this coin.
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Auction Prices Realized [View].
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