In a great momentum of globalization, a five-pointed star replaces the eagle while on the other side the figure of liberty must be selected in a competition between two engravers.
The Congress accepted the figure of flowing hair proposed by Charles Barber, the son of the recently deceased chief engraver. A few hundred coins were struck in 1879 in a marketing operation to facilitate the promotion of the new standard. They were not enough and a few extra units were struck in 1880.
The coiled hair coins prepared by George Morgan are limited to the unaccepted strikes of 1879 and very few additional samples made in the following year, perhaps because the designer did not accept his defeat. They are among the rarest pieces in nineteenth century US numismatics. The stella project was abandoned in 1880.
It is logical that the happy owners of a 1880 coiled hair stella gather around it the other three variants. The four coins sold by Bonhams on September 23, 2013 were all graded PR67 by NGC. In order of rarity, they fetched $ 2.6M for the 1880 coiled hair cameo, 1,04M for the 1879 coiled hair, 960K for the 1880 flowing hair and 280K for the 1879 flowing hair. These prices include premium.
History repeats itself with other specimens at Heritage in Schaumburg IL on April 23. The 1880 non-cameo coiled hair graded PR67 by NGC is at lot 5301, the 1879 coiled hair graded PR65 by PCGS at lot 5299, the 1880 flowing hair graded PR66 by PCGS at lot 5300 and the best of the 1879 flowing hair in that sale, graded PR67 cameo by NGC, is lot 5297.
RESULTS including premium :
1879 coiled hair : $ 880K
1880 flowing hair : $ 520K
1879 flowing hair : $ 305K