Coin Specifications

Category: Gold Commemoratives (1903-1926)
Mint: Philadelphia
Mintage: 9,977
Catalog: KM-144
Obverse Designer: Charles E. Barber
Reverse Designer: George T. Morgan
Composition: Gold
Fineness: 0.9000
Weight: 1.6720g
AGW: 0.0484oz
Melt Value: $62.47 (8/29/2014)
Diameter: 15mm
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1916 MCKINLEY G$1 MS obverse 1916 MCKINLEY G$1 MS reverse


  
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There are no varieties for this coin.

Description & Analysis

An Act of Congress on February 23, 1916 authorized the construction of the McKinley Birthplace Memorial. To help defray costs, it was authorized that not over 100,000 gold dollars of commemorative designs be struck at the Philadelphia Mint only, and afterward, the dies were to be destroyed. Charles Barber designed the obverse, George T. Morgan designed the reverse.

The Philadelphia Mint struck 20,026 gold dollars during August and October, 1916. These were placed on the market for $3 apiece, with the sellers either unaware or choosing to forget that the 1903 and 1904-5 gold dollars were impossible to sell in any quantity at that figure. Only approximately 15,000 were sold.

By 1917, the committee in charge realized the futility in this pricing structure and dumped a total of 10,000 coins at a lower figure to B. Max Mehl in Ft. Worth Texas who offered them to collectors at $2.50 each. It is uncertain whether Mehl's consignment consisted of only 1917s or a mixture of the two dates. In either event, the Association returned 10,023 pieces of the 1916 issue to the Mint for melting.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 9/10/2013

Click on a price to see historical prices, comparison charts and trends.

1916 MCKINLEY G$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ - - - 350 440 440 460 470 500 515 530 545 600 665 850 1500 1950 4500 21000 - -
$ 480 500 510 550 565 575 585 660 725 1025 1750 2350 6500 -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 2536
Low Grade: 40
Average Grade: 63
High Grade: 68


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
9/6/2014 UNC Details  Heritage Auctions 2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach Session(4), 1209/Lot# 8979
9/6/2014 MS 65   Heritage Auctions 2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach Session(3), 1209/Lot# 5033


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
5/31/2001 NGC MS 66   Heritage Auctions 2001 June Long Beach Signature Sale #263, 263/Lot# 8753 $4,082.50
9/17/2002 NGC MS 61   Heritage Auctions Exclusively Internet Auction #22094, 22094/Lot# 18121 $310.50
9/16/2012 NGC MS 62   GreatCollections GreatCollections Coin Auctions 09/16/2012, 40/Lot# 74152 $437.92
10/17/2012 NGC MS 65   Stack's Bowers The November 2012 Baltimore Auction - US and World Lots - Live and Internet Only Sessions, 144/Lot# 5171 $931.50
10/7/2013 PCGS MS 65   Teletrade Auction 3451, 3451/Lot# 2316 $998.75
10/27/2013 PCGS MS 65   David Lawrence Rare Coins Internet Auction # 775, 784/Lot# 1264 $1,227.00
1/26/2014 PCGS MS 65   Goldberg January 26-28, 2014 January Pre-Long Beach Sale 17.5% BP, 78/Lot# 2075 $1,192.62


NGC Registry

NGC Registry Score 1916 MCKINLEY G$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base333333366620653674705725745764865138724333264514879452206339275
333331244506316606847117317517971039173527103892608012651278000
000000450631660684711731751797103917352710389260801265100
000000535642667694718738757831121320842987452070121735700
Competitive Registry Sets
CategoriesSets
Gold Commemoratives 1903-1926 83
Registry Image Gallery
Grade: MS 67
Points: 6080
Owner: RDN
 
Grade: MS 66
Points: 3264
Owner: Alex J. Llorente
 
View the Registry Image Gallery

Related Articles

From the NGC Archives: 1916 McKinley Memorial Gold Dollar

1/14/2010  — This month’s specimen was minted to raise funds to memorialize President William McKinley, 15 years after his death.
View full article >
NGC Certifies Finest Set of Gold Commems

9/1/2004  — A complete set of United States gold commemorative coins has been graded and encapsulated by NGC. It includes several finest certified pieces.
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