Coin Specifications

Category: Gold Commemoratives (1903-1926)
Mint: Philadelphia
Mintage: 10,000
Obverse Designer: Charles E. Barber
Reverse Designer: George T. Morgan
Composition: Gold
Fineness: 0.9000
Weight: 1.6720g
AGW: 0.0484oz
Melt Value: $72.28 (10/17/2019)
Diameter: 15mm
Edge: Reeded
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1916 MCKINLEY G$1 MS obverse 1916 MCKINLEY G$1 MS reverse
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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

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Price Guide

Last Updated: 10/4/2019

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

1916 MCKINLEY G$1 MS
  GVGFVFXF505355586061626364656667686970
Base $ - - - 350 440 460 480 500 515 545 555 570 595 625 1080 1580 2750 21000 - -
$ 450 470 485 505 520 550 560 580 600 800 1450 1800 5400 -
1916 MCKINLEY G$1 MS Prooflike
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - 1000 - - - - - - -

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 2612
Low Grade: 40
Average Grade: 63
High Grade: 68

The chart showing 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series, 68 series.
NGC CENSUS DETAIL Last Updated: 10/8/2019 1916 MCKINLEY G$1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-----1413228116112299395781493315772--2602
---------------2211---6
--------------32985---27
-----------------------
Total-----1413228116112299398785504324832--2635
 -----0 %0 %0 %0 %1 %3 %1 %4 %11 %15 %30 %19 %12 %3 %0 %-- 
1916 MCKINLEY G$1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-------------3412-----10
-----------------------
---------------1------1
-----------------------
Total-------------3422-----11
 -------------27 %36 %18 %18 %----- 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/22/1997 PCGS MS 63   Heritage Auctions February 1997 Long Beach Bullet Sale #167, 167/Lot# 1031 $440.00
9/17/2007 PCGS MS 65   Teletrade Auction 2423, 2423/Lot# 2107 $1,624.00
11/13/2011 PCGS MS 64   GreatCollections GreatCollections Coin Auctions 11/13/2011, 144/Lot# 21807 $797.50
1/29/2012 PCGS MS 64   Goldberg January 29 - February 1, 2012 The Pre-Long Beach Auction, 67/Lot# 2093 $661.25
2/28/2012 PCGS MS 64   Stack's Bowers The March 2012 Baltimore Auction, 135/Lot# 7062 $839.50
1/26/2014 NGC MS 64   David Lawrence Rare Coins Internet Auction # 788, 797/Lot# 869 $650.00
7/9/2015 PCGS MS 66   Heritage Auctions 2015 July 9 - 12 Summer FUN US Coins Signature Auction - Orlando Summer FUN Session(3), 1222/Lot# 4842 $1,527.50
8/28/2016 PCGS MS 63   Heritage Auctions Internet Coin Auction Session(2), 131636/Lot# 22651 $399.50


NGC Registry

NGC Registry Score 1916 G$1 MS MCKINLEY
 PrAgGVGFVF4045505355586061626364656667686970
Base7938208498799081051111010811095113811591179120012711351155824333264514879452206339275
8028308598899561071111010861109114511661186122412981420185027103892608012651278000
00000011101086110911451166118612241298142018502710389260801265100
00000011101090112411521172119312471324148921412987452070131735700
Competitive Registry Sets
Registry Image Gallery
Grade: MS 68
Points: 7945
Owner: Stephen L. Schechter Collection
 
Grade: MS 67
Points: 6080
Owner: RDN
 
View the Registry Image Gallery

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