Coin Specifications

Category: Gold Commemoratives (1903-1926)
Mint: Philadelphia
Mintage: 5,000
Obverse Designer: Charles E. Barber
Reverse Designer: George T. Morgan
Composition: Gold
Fineness: 0.9000
Weight: 1.6720g
AGW: 0.0484oz
Melt Value: $61.37 (5/28/2017)
Diameter: 15mm
Edge: Reeded
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1917 MCKINLEY G$1 MS obverse 1917 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: 2/22/2017

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

1917 MCKINLEY G$1 MS
  GVGFVFXF505355586061626364656667686970
Base $ - - - 440 535 565 585 625 650 700 725 785 875 1075 1550 2250 4250 - - -
$ 550 575 600 635 675 - - 825 625 1175 1650 3000 7000 -

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Census

 
NGC GRADE SUMMARY

Total Graded: 1494
Low Grade: 40
Average Grade: 63
High Grade: 67


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
6/11/2017 MS 65   Heritage Auctions 2017 June 8 - 11 Long Beach Expo US Coins Signature Auction - Long Beach Session(5), 1256/Lot# 8309


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
5/31/2004 PCGS MS 63   Goldberg May 31 - June 2, 2004 Pre-Long Beach Coin and Currency Auction, 25/Lot# 2846 $977.50
4/6/2006 NGC MS 65   Prooflike Heritage Auctions 2006 April Atlanta, GA (ANA) Signature Auction #402, 402/Lot# 1373 $3,910.00
9/26/2007 PCGS MS 66   Teletrade Auction 2427, 2427/Lot# 2359 $3,920.00
1/24/2012 NGC MS 62   Stack's Bowers The January 2012 Americana Sale, 134/Lot# 10496 $632.50
5/30/2012 PCGS MS 67   Heritage Auctions 2012 May 30- June 3 US Coins Signature Auction- Long Beach Session(2), 1171/Lot# 4593 $6,325.00
9/6/2012 PCGS MS 62   Heritage Auctions 2012 September 6-9 US Coins Signature Auction- Long Beach Session(5), 1174/Lot# 10043 $587.50
2/22/2013 NGC MS 65   Stack's Bowers The March 2013 Baltimore Auction, 181/Lot# 4011 $1,292.50
10/6/2013 PCGS MS 65   David Lawrence Rare Coins Internet Auction # 772, 781/Lot# 816 $1,604.00
11/10/2013 PCGS MS 66   GreatCollections GreatCollections Coin Auctions 11/10/2013, 100/Lot# 149903 $1,596.10


NGC Registry

NGC Registry Score 1917 MCKINLEY G$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base921953985101810511186123312261252129613331393141614771573207927863494572987442546945151
932964996102910961202123312351267130813531401143615091742231530224239673414319320300
00000012331235126713081353140114361509174223153022423967341431900
00000012331243128113211373140814571541191025503258498477391989400
1917 MCKINLEY G$1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base98010131047108111151257130512991326137114101472149615611660218629193651595590512614546184
99110241058109211621273130513081341138414311480151815941835243031634419698714749328250
00000013051308134113841431148015181594183524303163441969871474900
00000013051317135613971451148815391627201126753407518780192044700
Competitive Registry Sets
Registry Image Gallery
Grade: MS 67
Points: 5729
Owner: PetroKaz
 
Grade: MS 67
Points: 5729
Owner: RDN
 
View the Registry Image Gallery

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