NNP

1880 $1 Goloid Metric Dollar, Judd-1655, Pollock-1855, R.7, PR66 Red and Brown NGC. CAC. Design. The obverse is the Coiled Hair design of George T. Morgan, with Liberty's hair tightly braided and coiled at the back of the head. E PLURIBUS UNUM is above, with stars seven left, six right, and date below. The reverse has UNITED STATES OF AMERICA and 100 CENTS around the outer periphery, with GOLOID METRIC DOLLAR and DEO EST GLORIA in an inner circle. A circle of stars is further inward, with 15.3--G. / 236.7--S. / 28--C. / 14 GRAMS in the center. Struck in copper with a reeded edge. Commentary. Mint engravers George T. Morgan and William Barber both produced two designs for goloid metric dollars in 1879, and the designs were repeated in 1880 with the new date. The ostensible purpose for the goloid dollars and the related four dollar stellas was to establish an international currency and provide additional outlets for Western silver production. Whether any of the coins were actually struck in goloid alloy is open to question, as most examples seen appear to be standard silver and gold composition. The coins were issued in sets in silver (or goloid) composition (Judd-1654), copper (Judd-1655), and aluminum (Judd-1656). Probably 12-15 examples of Judd-1655 are still extant in various grades and color designations. The present coin is tied with three other examples, two at NGC and one at PCGS, for finest known honors (3/13). Physical Description. The well-preserved surfaces of this spectacular Premium Gem are patinated in attractive shades of original red, light brown, and blue, with brightly reflective fields under the toning. The design elements are sharply detailed in all areas, with full star center lines and intricate hair detail. Close inspection reveals no mentionable signs of contact and no carbon spots. The eye appeal is outstanding. Census: 3 in 66 Red and Brown, 0 finer (3/13). Provenance. "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $35; Eric P. Newman Numismatic Education Society. From The Eric P. Newman Collection.

From Newman I (Heritage Auctions, 4/2013), lot 4029, realized $15275.00. Image and description courtesy of Heritage Auctions, https://ha.com.