1878 Goloid Dollar, PR66 Red and Brown
1878 $1 Goloid Dollar, Judd-1559, Pollock-1751, R.7, PR66 Red
and Brown NGC. CAC.
Barber's Third Goloid Design, Judd-1559
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. (NGC ID# 2AFC, PCGS# 71921)
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A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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