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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 $1000 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.

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., Tue, 11-Dec-2012 01:02:16 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: us usa goloid dollar doller dol dollars head pluribusunum pluribus liberty band wheat hair 7 stars star 6 united states state america lines line metric 1 16 9 grams gram 25 100 cents cent pluribs epluribus plurabus hairdo hairline starrs stated stets stato stado staate statehood tates gramm gramos peny pennys pennies penny circle ring starburst circled encircle crrcle cirle circlet circles circlr circal citcle encircled ringed circumscibed cirlce circel encircling rings circling cirlces circular cicurling circumscribed burst

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Fri, 24-Oct-2014 21:16:31 GMT, unknown: 747870