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: $91.07 (10/31/2020)
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: 1/29/2020

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

1916 G$1 MCKINLEY MS
  GVGFVFXF505355586061626364656667686970
Base $ - - - 350 435 465 475 495 510 540 550 560 570 600 925 1350 2400 21000 - -
$ 440 470 485 500 515 545 555 565 580 750 1250 1550 5000 -
1916 G$1 MCKINLEY MS PL
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - 1000 2750 - - - - - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 2634
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: 10/27/2020 1916 G$1 MCKINLEY MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-----1413228116112303399785497315823--2624
---------------3211---7
--------------33895---28
-----------------------
Total-----1413228116112303402791507325883--2659
 -----0%0%0%0%1%3%1%4%11%15%30%19%12%3%0%-- 
1916 G$1 MCKINLEY MS PL
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-------------3412-----10
-----------------------
---------------1------1
-----------------------
Total-------------3422-----11
 -------------27%36%18%18%----- 

NGC Registry

NGC Registry Score 1916 G$1 MCKINLEY MS
 PrAgGVGFVF4045505355586061626364656667686970
Base7938208498799081051111010811095113811591179120012711351155824333264514879452206339275
8028308598899561071111010861109114511661186122412981420185027103892608012651278000
00000011101086110911451166118612241298142018502710389260801265100
00000011101090112411521172119312471324148921412987452070131735700
Competitive Registry Sets
Registry Image Gallery
Grade: MS 67
Points: 6080
Owner: RDN
 
Grade: MS 67
Points: 5148
Owner: gary agin
 
View the Registry Image Gallery

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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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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.