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Rare coin could sell for $1.5 million at auction

Wednesday, September 11, 2013 - 01:17

Sept. 11 - Rare 1880 United States $4 gold coin could potentially sell for $1.5 million at auction. Roselle Chen reports.

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An 1880 gold coin could fetch up to $1.5 million (USD) 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. SOUNDBITE: Paul Song, director of rare coins at Bonhams in Los Angeles, saying (English): "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.

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Rare coin could sell for $1.5 million at auction

Wednesday, September 11, 2013 - 01:17