1879 $4 Coiled Hair PR (PCGS# 8058)

The Gold Rush Collection

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    30040
  • Grade:
    PR63
  • Price:
    $287,500.00
Lot Description
1879 $4 Coiled Hair, Judd-1638, Pollock-1838, PR63 NGC. R.6. The Morgan design. Reeded Edge. This particular specimen shows horizontal striations on the obverse through Liberty's hair and we also note that the reverse die is slightly rotated counter clockwise by about 15 degrees. The surfaces show minor hairlines in the fields. Identifiable by a curly lintmark just behind Liberty's head at the base of her braid which is in the shape of a 6 with a long tail below the loop. There is also a very short lintmark which connects the 1 in the date to the truncation above and to the right of that digit. A very rare and important coin for the specialist. NGC has graded three coins this high with an additional five pieces seen in finer grades. Reflective, prooflike bright greenish yellow gold surfaces with cameo contrast. A few minor hairlines and other minute blemishes are noted. On the reverse we note a small pit in the planchet close to the dentils and right of the final A of AMERICA, in addition to this there are three short lint marks surrounding that same letter. Supposedly just 10 examples were minted, although a few more were likely struck given the numbers recorded in the population data. It has not been determined who designed the common reverse die for all four-dollar gold coins. Obverse: large date logotype that appears to be the same as on the Flowing Hair Stellas. Reverse die: D in UNITED is widely doubled, the original placement above final position and most prominent on the post of that letter. The coiled hair design was created by George T. Morgan and employed a bust of Liberty with her hair tied up in braid around her head with a small crown inscribed LIBERTY. The obverse inscription matched the Flowing Hair design and stands for 6 grams of gold, .3 silver and .7 copper, which was the metric alloy. It is believed that most of these were struck using the standard mint 90 percent gold and 10 percent copper. This particular coin is believed to have appeare
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