http://thenumismatist-coincollector...+Collecting+(and+other+Numismatic+Interests)) What is a Goloid Metric Dollar? Free Coin Price Guides In April of 1876, Dr. William Wheeler Hubbell of Philadelphia filed a patent in the U.S. for a new metal alloy to be used in coins. Referred to as "goloid," this alloy was a compound that consisted of gold, silver, and copper. In 1878 it was proposed that goloid be used instead of silver in America's circulating coinage resulting in a reduced size to the coins. The dual benefits would be increased convenience for the public, and larger number of coins being produced without increasing capacity at the U.S. Mint. Goloid would also help prevent changes in bullion prices that would result in one precious metal driving the other out of circulation and into the melting pots. The Crime of '73
