Lot 2311
1879 Pattern Goloid Metric Dollar. Goloid, reeded edge. PCGS graded Proof 65. Nice white example. A popular, affordable Pattern dollar. Far rarer than would be a Morgan dollar Proof dated 1879, and yet in this grade of Proof 65, the Judd-1626 dollar is actucally much less expensive! Go figure. Pop 3; 6 finer by NGC (PCGS # 62004) .
Congressmen being congressmen, they are prone to formulating every sort of harebrained plan for bettering mankind's condition. Hubbell's "goloid" metal and metric weights and measures scheme was just such a one, and it was a humdinger. Goloid contained a teenie-tiny amount of pure gold; too little to affect the color of the coin which looks suspiciously like plain, ordinary silver. After the Mint struck an assortment of goloid and metric patterns, the whole idea was tossed into the dustbin of history. These few pieces are all we have left as a reminder of Mr. Hubbell's glorious brainchild. (Judd does not supply us with Hubbell's full name, but we do learn through a Google search that Jay Abel Hubbell, a Republican congressman from Michigan, was on the banking and currency committee and so would have a say in defining mint policy.).
Estimated Value $3,500 - 4,000.
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| Realized $3,910 |
