All the Gold ever extracted is 160,000 tons (in 2009) , The American Debt = 14 Trillion Dollars = 1.8 All the Gold ever extracted in Human History !!! The monetary mass in the US is increasing by 15% a year ! Total gold divided by people in the world gives each of us 23 grams
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Saturday, September 14, 2013

$4 Coiled Hair Stella Could Sell for $1 5 Million at Bonhams Auction

$4 Coiled Hair Stella Could Sell for $1 5 Million at Bonhams Auction

Rare 1880 United States $4 gold coin could potentially sell for $1.5 million at auction.

Full Story:
An 1880 gold coin could fetch up to US$1.5 million when it is auctioned on September 23.

The $4 Coiled Hair Stella, which was struck in the U.S. but never released for circulation, will be sold at auction by Bonhams in Los Angeles as part of a 27-piece coin lot valued at up to $8 million.

Paul Song, director of rare coins at Bonhams said the lot is impressive because each coin is a miniature work of art.

[Paul Song, Director Rare Coins]:
"I've never handled a collection that's worth potentially upwards of $6 million to $8 million total with only 27 lots. That's an average lot value of almost $300,000 per coin. That may not be a Monet painting but in my world, that's pretty amazing. It's been a privilege to handle them, and they are gorgeous, just because they're gold, perfectly struck and the designs are really incredible."

The 1880 $4 Coiled Hair Stella is valued the highest out of the lot, with six grams of pure gold in it.

There are only about a dozen of these coins in existence.

The exhibition is open for public viewing from September 20-22 and the coin lot will go up for auction on September 23.

Gold and Silver blog