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<p>[QUOTE=&quot;mrbrklyn, post: 1446897, member: 4381&quot;]<a href="http://thenumismatist-coincollector.blogspot.com/2012/02/what-is-goloid-metric-dollar.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+coincollecting_journal+(Coin+Collecting+(and+other+Numismatic+Interests))" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://thenumismatist-coincollector.blogspot.com/2012/02/what-is-goloid-metric-dollar.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+coincollecting_journal+(Coin+Collecting+(and+other+Numismatic+Interests))" rel="nofollow">http://thenumismatist-coincollector.blogspot.com/2012/02/what-is-goloid-metric-dollar.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed:+coincollecting_journal+(Coin+Collecting+(and+other+Numismatic+Interests))</a></p><p><br /></p><p>What is a Goloid Metric Dollar?</p><p><br /></p><p>Free Coin Price Guides</p><p>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 &quot;goloid,&quot; this alloy was a compound that consisted of gold, silver, and copper.</p><p><br /></p><p>In 1878 it was proposed that goloid be used instead of silver in America&#039;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.</p><p><br /></p><p>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.</p><p><br /></p><p>The Crime of &#039;73[/QUOTE]</p><p><br /></p>

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