A rare coin dating back to 1880 will be auctioned off in Los Angeles on September 23. It is a $4 (€3) coin manufactured of pure gold.International Business Times reports that the item is a part of a 27-piece coin collection which is worth millions. The auctioneer's list also includes a $20 (€15) gold piece.
This particular item is expected to fetch over $1 million (€751,000), as the fact that it has never been in circulation makes it almost unique. Similar coins have been sold for as much as $1.5 million (€1.12 million).
"The 1880 $4 (€3) 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," comments Paul Song, heading LA-based auction company Bonhams.