US Goloid Dollar  1878 and 1879
US Goloid Dollar 1878 and 1879

Dora has brought us an interesting piece. It is a replica of a US Goloid Dollar. If it were real, it would be worth several thousands of US dollars. The replica is worth a few dollars. Values for genuine coins are tucked away in coin catalogs and range from $2500 to $10000 US dollars. You can find a picture of the genuine coin at CoinAucstionsHelp. The nice-looking genuine coin at HeritageAuctions sold for $3700.

The first test of authenticity should be weight. If your coin weighs 14.25 grams, it may be real. If it does not weigh 14.25 grams, it is fake. Most of the coins you see today are fakes.

Now, according to those Smarty Pants over at Answerbag:

'Goloid is an alloy of silver, gold and copper patented by Dr. William Wheeler Hubbell on May 22, 1877. The alloy, in varying proportions (sometimes slightly out of these specifications), was used by the United States Mint to strike pattern dollars, sometimes called 'metric dollars' (some were marked with 'metric' in the coin design, while all had metal proportions and total coin weight as design features) from 1878 to 1880. Patterns of the same design were struck in other metals, including aluminum, copper, normal coin silver, lead, and white metal.

In the end, goloid was rejected as a coinage metal because it could not be distinguished from the normal U.S. 90% silver coin alloy without chemical analysis, thus inviting counterfeiters to use silver-copper alloys alone to make lower-value copies.'

Coin: 1475 , Genre: United States
Requested by: Dora, Mon, 05-Oct-2009 05:07:05 GMT
Answered by: Paul, Mon, 29-Apr-2013 16:28:11 GMT
Reviewed by CoinQuest. Appraisal ok., Thu, 27-Nov-2014 03:17:09 GMT
Requester description: 1878 Head:E PluribusUnum written on top, Liberty wriiten on head band of head, Wheat in hair, 7 stars to left of head and 6 to right, 1878 bottom of head, back: UNITED STATES OF AMERICA, 38 STARS AROUNG 6 LINES OF WORDS- GOLOID -METRIC - 1-G. - 16.1-S. - 1.9-C. - GRAMS14.25 , BOTTOM OF COIN 100 CENTS
Tags: goloid dollar dollare dolls doller dol dollars head liberty band wheat hair 7 stars star 6 united america lines line metric 1 16 9 grams gram 14 25 100 cents cent wheatie wheats hairdo hairline starrs amero americas american ameria ameri amirica amerique americana amer americans usa lined lining bar bars gramm gramos peny pennys pennies penny circle circled encircle circlet ring circles loops circal encircled circuit ringed circumscibed incircled circel circumference encircles encircling rings circling loop circular circumscribed starburst burst


Thanks for the info... which helped me to know that I was not suckered just enough to know that if its unbelievable that it usually is. bought two for 10.00 bucks so I probably loss 6.00. Thanks
PS my coins weigh 26.6 & 27.0 knowing that they are fakes especially the 1872 coin. Not sure what to do with them maybe make and coin necklace with a nice gold chain and encasement. - Louis D

Just bought 2 at Romford market (Essex UK) for 1 each and yes, I know they're not 'real' but they are very good looking - if you don't know they're not the real deal. Stall holder had about 30 for sale plus lots of very similar looking Dutch and other coins, all for 1 each and I was tempted to add them to my 'interesting fakes' collection Why not? Some people collect just fakes. - natalie
Yes. Collecting counterfeits is part of the hobby, often known as 'The Black Cabinet.' Some slabbing services, ICG for one, 'authenticates' and encapsulates counterfeit coins for use as reference. In the US, the Hobby Protection Act provides for fakes as long as they are marked with a COPY stamp. This has given rise to active fake collecting. Some fakes are dazzling. See, for instance, Ken Potter's Repro page. - CoinQuest (Paul)

Just brought 1879 example of goloid dollar for $15.00 from old guy at the neighbourhood junk shop. Thank you for information as never heard of goloid. Suspected it was fake because I have purchased 1872 US trade dollars in the past, not knowing that US trade dollars were not minted until later dates. I have fun researching them and have about five fakes as of today. I guess I got the start of my own 'Black Cabinet'. - Kashyap
These have a really cool design - even though yours is fake, I'm glad you're enjoying it! - CoinQuest (Todd)





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