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    Description

    1878 Goloid Dollar, Judd-1562
    PR67 Red and Brown
    Sole Finest at PCGS

    1878 $1 Judd-1562, Pollock-1753, High R.6, PR67 Red and Brown PCGS. CAC. Ex: Simpson. The obverse bears William Barber's Liberty Head design. The reverse shows, inscribed with a laurel wreath, GOLOID / 1 GOLD. / 24 SILVER / .9 FINE / 258 GRS. ONE DOLLAR and the national identification are at the periphery. Struck in copper with a reeded edge.

    The various metallic compositions that Dr. William Wheeler Hubbell patented as "goloid" in 1877 were so much wishful thinking, and they appear not have inspired much enthusiasm, either at the Mint (save for Mint Director Linderman, ever eager to strike off-metal designs for his own benefit) or Congress.

    Although they had a predetermined fixed (melt) value of 24 parts of silver to one part of gold (the official federal ratio at the time), they all allowed for considerable deviance from those ratios (for example, the ratio of silver to gold could range for 20:1 to 30:1), and they all had to have a harder metal, copper, alloyed with the soft gold and metal elements (as today) to produce .900 fine (or "coin silver") blanks of sufficient hardness and durability.

    But beyond technical limits and qualifications, they had a more basic flaw: A small amount of gold, despite assurances that might be stamped on the coin, was undetectable from all-silver or silver-copper alloys, and thus subject to public mistrust and/or private counterfeiting.

    This pristine Superb Gem proof displays attractive gold and amber dominating against red and light purple hues. The surfaces are sharply struck throughout and free of mentionable distractions. This is the sole finest certified at PCGS in any color designation (9/20).

    Coin Index Numbers: (NGC ID# 2AFE, PCGS# 71924)


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [Important Selections from The Bob R. Simpson Collection, Part II ]

    Auction Info

    Proxy Bidding Ends
    November
    19th Thursday 5:50 pm CT
    Auction Dates
    November
    19th-22nd Thursday-Sunday
    Proxy Bidding Time Remaining
    21 Days 13h 50m 41s
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: 9
    Page Views: 91

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    This lot is in: 1 - Signature® Bob R. Simpson Collection, Part 2 Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live):
    (Lots 3001-3279) - 6:00 PM Central Time, Thursday, November 19, 2020.
    (Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live starts 24 hours before the live session begins and continues through the session.)

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    Additional Location Info:
    Heritage Auctions
    2801 W. Airport Freeway
    Dallas, TX 75261



    Current Bid:
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