Goloid is an

alloy An alloy is a mixture of chemical elements of which at least one is a metal. Unlike chemical compounds with metallic bases, an alloy will retain all the properties of a metal in the resulting material, such as electrical conductivity, ductilit ...

silver Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, whi ...

gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile ...

and

copper Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish ...

patented by Dr. William Wheeler Hubbell on May 22, 1877 (U.S. patent #191,146). The patent specifies 1 part gold (about 3.6%), 24 parts silver (about 87.3%), and 2.5 parts copper (about 9.1%, all by weight); however, the patent also states that "The proportions may be slightly varied" and goes on to specify that the silver portion can range from 20 times to 30 times that of the gold, and the copper could range from one-eighth to one-twelfth (from 12.5% to 8.33%) of the total mixture. The patent specifies that the metals be separately melted, then mixed, along with " sulphate of sodium or sulphate of potassium" in the amount of one part sulfate to one thousand parts metal. The alloy, in varying proportions (sometimes slightly out of these specifications), was used by the

United States Mint The United States Mint is a bureau of the Department of the Treasury responsible for producing coinage for the United States to conduct its trade and commerce, as well as controlling the movement of bullion. It does not produce paper money; tha ...

to strike

pattern A pattern is a regularity in the world, in human-made design, or in abstract ideas. As such, the elements of a pattern repeat in a predictable manner. A geometric pattern is a kind of pattern formed of geometric shapes and typically repeated li ...

dollars Dollar is the name of more than 20 Currency, currencies. They include the Australian dollar, Brunei dollar, Canadian dollar, Hong Kong dollar, Jamaican dollar, Liberian dollar, Namibian dollar, New Taiwan dollar, New Zealand dollar, Singapore d ...

, 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 Aluminium (aluminum in American and Canadian English) is a chemical element with the symbol Al and atomic number 13. Aluminium has a density lower than those of other common metals, at approximately one third that of steel. It h ...

, copper, normal

coin silver The fineness of a precious metal object (coin, bar, jewelry, etc.) represents the weight of ''fine metal'' therein, in proportion to the total weight which includes alloying base metals and any impurities. Alloy metals are added to increase hardn ...

lead Lead is a chemical element with the Symbol (chemistry), symbol Pb (from the Latin ) and atomic number 82. It is a heavy metals, heavy metal that is density, denser than most common materials. Lead is Mohs scale of mineral hardness#Intermediate ...

, and

white metal The white metals are a series of often decorative bright metal alloys used as a base for plated silverware, ornaments or novelties, as well as any of several lead-based or tin-based alloys used for things like bearings, jewellery, miniature f ...

. 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.

References

*Judd, J. Hewett, ''United States Pattern Coins: Complete Source for History, Rarity, and Values'', 9th ed., Atlanta:

Whitman Publishing Whitman Publishing is an American book publishing company which started as a subsidiary of the Western Printing & Lithographing Company of Racine, Wisconsin. In about 1915, Western began printing and binding a line of juvenile books for the Hammi ...

, 2005, pp. 222–3, 225–6, 236–7, 239–40, and 320. {{ISBN, 0-7948-1823-4. *

USPTO The United States Patent and Trademark Office (USPTO) is an agency in the U.S. Department of Commerce that serves as the national patent office and trademark registration authority for the United States. The USPTO's headquarters are in Alex ...

online patent search
direct link to patent
Silver Gold Precious metal alloys Coins of the United States