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: $58.15 (3/5/2015)
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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VarietyPlus®

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: 12/31/2014

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

1916 MCKINLEY G$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ - - - 350 440 440 460 485 510 530 545 555 585 675 900 1575 1950 4250 21000 - -
$ 450 470 500 520 540 550 575 640 725 1050 1750 2350 6500 -

The World Coin Price Guide is independently compiled by Krause Publications’ NumisMaster. NGC makes this information available to its website visitors as a free service, but in no way does the information provided represent NGC’s official opinion or policy. For example, varieties listed in the World Coin Price Guide may not necessarily be recognized by NGC. Please contact NGC Customer Service with any questions.

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Census

 
NGC GRADE SUMMARY

Total Graded: 2548
Low Grade: 40
Average Grade: 63
High Grade: 68


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
6/17/1998 PCGS MS 62   Teletrade Auction 1059, 1059/Lot# 2125 $379.80
5/5/2004 PCGS MS 67   Heritage Auctions 2004 May (CSNS) Signature Sale #346, 346/Lot# 11288 $6,670.00
9/10/2006 PCGS MS 62   Goldberg September 10-13, 2006 Pre-Long Beach Coin and Currency Auction, 37/Lot# 550 $575.00
1/7/2009 NGC MS 64   Heritage Auctions 2009 January Orlando, FL FUN Auction #1121, 1121/Lot# 11337 $747.50
7/10/2012 NGC MS 65   Stack's Bowers The August 2012 Philadelphia ANA World's Fair of Money Auction - US and World Lots - Internet Only Sessions, 174/Lot# 13463 $945.88
11/17/2013 NGC MS 62   David Lawrence Rare Coins Internet Auction # 778, 787/Lot# 256 $475.00
12/1/2013 NGC Details UNC Details  GreatCollections GreatCollections Coin Auctions 12/01/2013, 103/Lot# 154716 $341.00
1/26/2014 PCGS MS 66   Goldberg January 26-28, 2014 January Pre-Long Beach Sale 17.5% BP, 78/Lot# 2072 $1,468.75


NGC Registry

NGC Registry Score 1916 MCKINLEY G$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base7938208498799081051111010811095113811591179120012711351155824333264514879452206339275
8028308598899561071111010861109114511661186122412981420185027103892608012651278000
00000011101086110911451166118612241298142018502710389260801265100
00000011101090112411521172119312471324148921412987452070131735700
Competitive Registry Sets
CategoriesSets
Gold Commemoratives 1903-1926 84
Registry Image Gallery
Grade: MS 67
Points: 6080
Owner: RDN
 
Grade: MS 66
Points: 3264
Owner: Alex J. Llorente
 
View the Registry Image Gallery

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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.
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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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