1878 $1 Goloid Dollar, Judd-1559, Pollock-1751, Low R.7, P...Click the image to load the highest resolution version.
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1878 Goloid Dollar, PR65+ Red and Brown
1878 $1 Goloid Dollar, Judd-1559, Pollock-1751, Low R.7, PR65+
Red and Brown PCGS. Ex: Simpson. The result of the "goloid
metric" alloy patented by Dr. Wheeler W. Hubbell in 1877, which
contained a mixture of 90% gold and silver in equal values with 10%
copper. Liberty faces left, with a wide band reading LIBERTY
binding her hair. Around the rim are seven stars left and six
right, E PLURIBUS UNUM above, and 1878 below. On the reverse, a
circle of 38 stars surrounds the five-line inscription GOLOID / 1
-- G. / 24 -- S. / .9 FINE / 258 GRS, with UNITED STATES OF AMERICA
and ONE DOLLAR at the rim. Struck in copper with a reeded edge.
More than a half-dozen examples survive of this variety.
This Gem proof offers a colorful mixture of prevailing reddish patina with some metallic blue on the high points of Liberty and a couple of areas on the reverse. This appealing example is the second-finest Red and Brown piece at PCGS behind a PR67 Red and Brown (9/20).
Coin Index Numbers: (NGC ID# 2AFC, PCGS# 71921)
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
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