Coin Specifications

Category: Gold Commemoratives (1903-1926)
Mint: Philadelphia
Mintage: 10,000
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: $55.23 (9/1/2015)
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


  
Expand All    Collapse All

VarietyPlus®

There are no NGC varieties for this coin.

Description & Analysis

The McKinley gold dollars of 1916 and 1917 were coined at the request the National McKinley Birthplace memorial Association nearly fifteen years after McKinley’s death at the hands of an assassin. Proceeds from the sale of the coins were to be used to construct a memorial in his home town of Niles, Ohio. While the original request from the association was for commemorative silver dollars, McKinley’s pro-gold stance in office led Congress to the change the bill to call for gold dollar coins instead. A bill passed on February 23rd, 1916 authorized the mintage of up to 100,000 coins.

Chief Engraver Charles E. Barber was selected to design the reverse, and his assistant George T. Morgan was charged with designing the reverse. Barber was nearing the end of his life, and his obverse was not well received. The portrait of McKinley didn’t particularly look like the former president, which is obviously an issue. Around the top of the periphery are UNITED · STATES · OF · AMERICA, and MCKINLEY · DOLLAR is seen below.

Morgan’s reverse was even less well-received. It features a facing view of the McKinley Birthplace Memorial structure. Not only is it architecturally inaccurate, but it’s also crudely rendered. Around the periphery of the coin is MCKINLEY BIRTHPLACE MEMORIAL. NILES OHIO is above the memorial, divided by a flag pole, and the date, either 1916 or 1917, is below. When combined with the fact that these coins are often seen weakly struck, the whole makes for an aesthetically poor creation.

There were 20,000 McKinley gold dollars struck in 1916 and a further 10,000 dated 1917 struck in February of the following year. Some uncertainty exists respecting the number of each date that was actually sold as well as the number melted. However, according to B. Max Mehl, a famous dealer of the time who handled many thousands of the coins, 5,000 of both issues were melted, leaving a net mintage of 15,000 for the 1916 issue and only 5,000 for the 1917.

GRADE SUMMARY

Loading... Working...

Use the scroll bar at the bottom of this box to view a summary of the NGC Price Guide, NGC Census, Auction Prices Realized and NGC Registry Scores for each grade.

There was no data found for this Coin.

Select Designation

 
NGC PRICE GUIDE
NGC CENSUS*
AUCTION PRICES REALIZED
NGC REGISTRY
SCORE

Select Grade

*To view the Census details for this coin, please sign in or sign up.

Price Guide

Last Updated: 12/31/2014

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

1916 MCKINLEY G$1 MS
  GVGFVFXF5053555861626364656667686970
Base $ - - - 350 440 460 485 510 530 555 585 675 900 1575 1950 4250 21000 - -
$ 450 470 500 520 540 575 640 725 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.

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 2556
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
9/1/2015 MS 65   Heritage Auctions Internet Coin Auction Session(1), 131535/Lot# 21275
9/20/2015 MS 64   Heritage Auctions 2015 September 17 - 20 Long Beach Expo US Coins Signature Auction - Long Beach Session(5), 1224/Lot# 8230


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
4/2/1993 PCGS MS 65   Heritage Auctions '93 National Gold Convention Bullet #102, 102/Lot# 459 $2,750.00
9/15/2003 PCGS MS 65   Goldberg September 15-17, 2003 Pre-Long Beach Coin and Currency Auction, 21/Lot# 1345 $2,875.00
6/27/2005 NGC MS 61   David Lawrence Rare Coins Auction 43: The Cook Family Collection, 47/Lot# 1611 $523.25
11/29/2006 PCGS MS 66   Heritage Auctions 2006 November Dallas Signature Coin Auction #420, 420/Lot# 1762 $2,875.00
6/1/2008 PCGS MS 66   Teletrade Auction 2536, 2536/Lot# 3047 $2,184.00
6/14/2011 NGC MS 66   Stack's Bowers The June 2011 Baltimore Auction, 92/Lot# 9121 $1,610.00
8/31/2014 NGC   GreatCollections GreatCollections Coin Auctions 08/31/2014, 189/Lot# 168454 $320.00


NGC Registry

NGC Registry Score 1916 MCKINLEY G$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base7938208498799081051111010811095113811591179120012711351155824333264514879452206339275
8028308598899561071111010861109114511661186122412981420185027103892608012651278000
00000011101086110911451166118612241298142018502710389260801265100
00000011101090112411521172119312471324148921412987452070131735700
Competitive Registry Sets
CategoriesSets
Gold Commemoratives 1903-1926 85
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.
View full article >


NGC Auction Central Disclaimer