Gold price set for biggest weekly jump in 13 months on haven demand
The precious metal has surged around 30% so far this year, supported by healthy central bank buying.
A rare US four dollar ‘Coiled Hair Stella’ gold coin from 1880 was auctioned at Bonhams in Los Angeles on Monday, eventually selling for $2.5 million, $1 million more than expected.
The coin contains six grams of pure gold. It was never released into circulation, unable to garner sufficient public support.
“The 1880 $4 Coiled Hair Stella is one of the so-called white whales of the coin collecting world. They are so rare, they come on the market maybe once or twice, at most, every decade,” said Paul Song, director of rare coins at Bonhams.
Here’s some colorful commentary on the coin a week prior to the sale:
2 Comments
yo yo mama
wooow
HP Jeschke
This is very interesting. Shows that being in the gold coin business can be very lucrative indeed.
HP Jeschke
http://www.goldcoinmine.com