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1879 Goloid Metric Dollar. Judd 1618 (Low R-7). Silver, RE

From Stack's October 2006 New York Auction, Session 2 on Oct 18, 2006

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Categories  •  Stack's October 2006 New York The 71st Anniversary Sale U. S. Pattern Coins
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1879 Goloid Metric Dollar. Judd 1618 (Low R-7). Silver, RE.  Choice Brilliant Proof.  William Barber's...1879 Goloid Metric Dollar. Judd 1618 (Low R-7). Silver, RE. Choice Brilliant Proof. William Barber's distinctive coronet Liberty head that first appeared on his 1878 Pattern Dollar dominates this obverse. The reverse presents a cereal wreath and motto DEO EST GLORIA, to God is the Glory around a dotted circle holding a statement of the proposed alloy and weight. This weight was 25 grams, that of the Latin Monetary Union's 5 Franc Silver piece.

Although actually struck in Silver, this Pattern's intended metal was Dr. Wheeler W. Hubbell's proposed ''Goloid,'' made up of 895.8 parts Silver, 4.2 Gold, 100 Copper. In theory, this new alloy would enshrine the existing Gold-Silver ratio so that two Goloid Dollar coins would contain $1 in Gold and $1 in Silver. Regrettably the new alloy was indistinguishable from normal coin silver in color and weight. Goloid was probably what Mint spokesman Patterson Dubois had in mind in his often quoted January 1883 diatribe against Patterns in the American Journal of Numismatics, ''the impractical schemes of visionaries and hobbyists.''

This example presents gleaming silver with a delicate flush of clearest gold. PCGS has certified only 12 pieces, only three in the present high grade. PCGS PR63.

Ex Amon G. Carter Collection (Stack's, January 1984, lot 445).

Lot # 2525 Session 2
Hammer Price: $2,450.00

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Click to open a larger image - 1879 Goloid Metric Dollar. Judd 1618 (Low R-7). Silver, RE.  Choice Brilliant Proof.  William Barber's... Click to open a larger image - 1879 Goloid Metric Dollar. Judd 1618 (Low R-7). Silver, RE.  Choice Brilliant Proof.  William Barber's...

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