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Stella (United States coin)

From Wikipedia, the free encyclopedia
United States four-dollar coin minted 1879–1880
Stella
United States
Value4United States dollars
Diameter22 mm
Edgereeded
Composition85.7% gold, 4.3% silver, 10% copper
Years of minting1879–1880
Mint marksNone, all were struck at thePhiladelphia Mint.
Obverse
DesignLiberty with flowing hair
DesignerCharles E. Barber
Design date1879
DesignLiberty with coiled hair
DesignerGeorge T. Morgan
Design date1879
Reverse
DesignStar
DesignerCharles E. Barber
Design date1879

TheUnited States fourdollar coin, also officially called aStella, is a unit ofcurrency equivalent to fourUnited States dollars.

It was originally minted as a coin tied toLatin Monetary Union standards, in preparation for possible U.S. entry to the Union. Two varieties of the Stella were made:Liberty with flowing hair, designed byCharles E. Barber, and with coiled hair, designed byGeorge T. Morgan.[1] The flowing hair variety is the most commonly seen variety. Even though the coin was designed as apattern coin,[2] similar to theGobrecht dollar, many catalogs list the coin as a regular-issue item.

History

[edit]

The Stella was apattern coin produced to explore the possibility of joining theLatin Monetary Union (LMU); these patterns were produced in 1879 and 1880 at the urging ofJohn A. Kasson, a former chairman of theUnited States House Committee on Coinage, Weights, and Measures.[3] The Stella was meant to contain a quantity of precious metal similar to that of the standard LMU gold piece, the twenty-francNapoleon minted inFrance,Switzerland, and other LMU countries. However, the composition and weight of the Stella was not a precise match to the LMU standard: the total weight was 7 grams (rather than 6.45 grams), the gold content was 6 grams of fine gold (rather than 5.81 grams), and the coins were only .857 fine (rather than .900).

Two different designs obverse were produced: one with flowing hair; in the other the hair is coiled. Both bear the same inscription: "★6★G★.3★S★.7★C★7★GRAMS★" (the five-pointedglyph variant of the "" is used) to indicate the metallic content of the coin, and the date.The reverse star had the inscriptionsONE STELLA and400 CENTS, while the reverse rim had the legendsUNITED STATES OF AMERICA andFOUR DOL., and circling the star but between its points were the legendsE PLURIBUS UNUM ("Out of many, one") andDEO EST GLORIA ("To God is the glory").

The coin and the prospect of joining the Latin Monetary Union were rejected byCongress,[4] but not before several hundredrestrikes of theBarber flowing hair design had been produced and sold to Congressmen at the cost of production. These later became a source ofscandal when it was noted that a number of them ended up as jewelry pieces adorning the necks ofmadams operating some ofWashington's most infamousbordellos.[citation needed]

1879 Quintuple Stella Pattern

Five examples of a pattern quintuple stella denominated at 20 dollars were produced in 1879 as well. These coins used a modified version of the then-current Liberty Head (Coronet) design of thedouble eagle, replacing the stars on the obverse with "★30★G★1.5★S★3.5★C★35★G★R★A★M★S★", and the mottoIN GOD WE TRUST on the reverse with the sameDEO EST GLORIA found on the reverse of the stella.[5]

Only 425 examples of the Stella were made. All 1880 coins are rare; 25 examples are known.[1]

References

[edit]
  1. ^abYeoman, R. S.; Bressett, Kenneth; Garrett, Jeff; Bowers, Q. David (2019).A Guide Book of United States Coins (72nd ed.). Pelham, AL: Whitman Publishing. p. 274.
  2. ^"The Four-Dollar Stella".NGCCoin.com. Numismatic Guaranty Corporation. Retrieved26 July 2019.
  3. ^"Coin of the Week: Discovered Flowing Hair Stella".Coinagemag.com. COINage Magazine. March 2019. Retrieved26 July 2019.
  4. ^"Rare gold coin from 1880 sells for $2.75M at auction".FoxNews.com. Fox News Network, LLC. 20 March 2015. Retrieved26 July 2019.
  5. ^"Classic US Coins – Gold Stella $4 Coin Goes to Auction".CoinWeek.com. CoinWeek, LLC. 12 August 2016. Retrieved26 July 2019.

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