1879 FOUR-DOLLARS OR "STELLA"
Four-Dollars or "Stella", 1879, flowing hair, designed by Charles Barber (Judd 1635; Breen, Encyclopedia, 6408), faint hairlines, choice Proof, attractive cameo, among the most popular and desirable of United States issues, one of 425 pieces coined

Details
Four-Dollars or "Stella", 1879, flowing hair, designed by Charles Barber (Judd 1635; Breen, Encyclopedia, 6408), faint hairlines, choice Proof, attractive cameo, among the most popular and desirable of United States issues, one of 425 pieces coined

Lot Essay

Ever popular with collectors, the "Stella" or Four-Dollar gold coin, came about through the direct agitation of Congressman John Adam Kasson, who, along with Congressmen Richard P. "Silver Dick" Bland and William Darrah Kelley lobbied for new silver coinage (most notably the Morgan Dollar) that would bring revenues into the gold and silver rich states they represented. Kasson's "explanation" of the need for Four-Dollar gold pieces was that they would trade favorably on the international market in exchange for foreign coins that had no counterpart in our coinage system. Congress saw through his thinly veiled explanation, however, and after brief production runs in 1879 and 1880, mostly created as gifts for Congressmen, etc., the coinage of Stellas was stopped.