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: $64.75 (8/24/2016)
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 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

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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
  GVGFVFXF505355586061626364656667686970
Base $ - - - 350 440 460 485 510 530 545 555 585 675 900 1575 1950 4250 21000 - -
$ 450 470 500 520 540 550 575 640 725 1050 1750 2350 6500 -

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Census

 
NGC GRADE SUMMARY

Total Graded: 2568
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
8/7/2000 PCGS MS 64   Heritage Auctions Philadelphia 2000 #232, 232/Lot# 7119 $1,725.00
5/31/2004 PCGS MS 62   Goldberg May 31 - June 2, 2004 Pre-Long Beach Coin and Currency Auction, 25/Lot# 2844 $402.50
2/14/2008 NGC MS 65   Heritage Auctions 2008 February Long Beach, CA Signature Coin Auction #460, 460/Lot# 1048 $1,380.00
9/20/2009 PCGS MS 61   Teletrade Auction 2747, 2747/Lot# 2677 $488.75
3/31/2011 NGC MS 66   Stack's Bowers The March 2011 Baltimore Auction, 83/Lot# 6117 $1,454.75
5/1/2011 PCGS MS 63   GreatCollections GreatCollections Coin Auctions 05/01/2011, 113/Lot# 7591 $605.00
2/22/2013 PCGS MS 65   Stack's Bowers The March 2013 Baltimore Auction, 181/Lot# 4009 $1,292.50
11/17/2013 NGC MS 62   David Lawrence Rare Coins Internet Auction # 778, 787/Lot# 256 $475.00


NGC Registry

NGC Registry Score 1916 MCKINLEY G$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base7938208498799081051111010811095113811591179120012711351155824333264514879452206339275
8028308598899561071111010861109114511661186122412981420185027103892608012651278000
00000011101086110911451166118612241298142018502710389260801265100
00000011101090112411521172119312471324148921412987452070131735700
Competitive Registry Sets
Registry Image Gallery
Grade: MS 67
Points: 6080
Owner: RDN
 
Grade: MS 66
Points: 3264
Owner: Alex J. Llorente
 
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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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