A new radial velocity curve of V 1329 Cyg has been obtained from emission lines originating around an evolved star. The latter might be faced by an M-type mate, whose mass is larger than 23±6 solar masses. The system seems at |Z|>250 pc from the galactic plane. The λ6830 unidentified band, found in V 1329 Cyg and among BQ [ ] stars, symbiotic stars and a few planetary nebulae, could be used as a diagnostic tool to identify very evolved stars. The close similarity of the optical spectrum of V 1329 Cyg to that of the optical counterpart of GX 1+4 is remarkable.