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4014

1878 $1 Goloid Dollar, Judd-1559, Pollock-1751, R.7, PR66 Red and Brown NGC. CAC....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 15 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:

1878 Goloid Dollar, PR66 Red and Brown
Barber's Third Goloid Design, Judd-1559
1878 $1 Goloid Dollar, Judd-1559, Pollock-1751, R.7, PR66 Red and Brown NGC. CAC.
Design.
The obverse features a head of Liberty facing left, with E PLURIBUS UNUM above and the date 1878 below. Liberty wears a cap decorated with wheat and cotton, with a band inscribed LIBERTY in incuse letters. Thirteen stars at the sides are arranged in a 7x6 pattern. The reverse displays a circle of 38 stars enclosing the composition at the center, with UNITED STATES OF AMERICA above and ONE DOLLAR below. Struck in copper with a reeded edge.

Commentary. Judd-1559 was William Barber's third goloid dollar design of the year. The circle of 38 stars on the reverse, one for each state in the Union at that time, was suggested by Dr. Wheeler Hubbell, who had patented the goloid alloy for coinage. Andrew Pollock accounted for just five examples of this rare pattern in his series reference, and one of them was held by the J.C. Mitchelson Collection in the Connecticut State Library. USPatterns.com estimates more than half a dozen specimens may be extant. NGC and PCGS have combined to certify seven coins between them, all with the Red and Brown color designation. This coin is the second finest known, behind the incredible PR67 PCGS example that sold for $20,125 in 2010.

Physical Description. The well-preserved surfaces of this spectacular Premium Gem display a mixture of original red, crimson, and light brown patina. The design elements are well-detailed and the fields are brightly reflective, under the toning. Outstanding eye appeal complements the high technical grade. Census: 1 in 66 Red and Brown, 0 finer (3/13).
From The Eric P. Newman Collection. (PCGS# 71921)

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