1916 G$1 McKinley MS64

CERTIFICATION#: -39702
PCGS#: 7454

Owner's Comments

Estimated grade. Sold by B. Max Mehl Jun '41 price realized $5

Expert Comments

Ron Guth: In early 1916, Congress passed a law calling for the issuance of 100,000 gold dollars to be sold as souvenirs for $3 apiece to raise money for a memorial to the martyred President William McKinley in Niles, Ohio.  Despite the lofty goals, only 20,026 pieces were struck in August and October 1916.  The National McKinley Birthplace Memorial Association sold an estimated 8,000 pieces to the public, approximately 7,000 to Texas dealer B. Max Mehl (at reduced prices), and the rest were returned to the Mint and destroyed.  Thus, the total number of 1916 McKinley Dollars that made it into the hands of the public is an estimated 15,000 pieces. 

Virtually all of the known examples are Mint State, though a few "escaped" into circulation or were made into jewelry.  As a result, the survival rate is extremely high.  PCGS alone has certified over four thousand examples, the bulk of which grade out at MS64.  Gems are common and even MS67 pieces are plentiful enough (but pricey).

 

Diameter: 14.30 millimeters Designer: Charles E. Barber/George T. Morgan Edge: Reeded
Mintage: 9,977 Weight: 1.70 grams Metal Content: 90% Gold, 10% Copper
30
465
1
35
475
45+
500
50+
510
53+
520
55+
530
58+
535
62+
595
67+
6,500
1

Rarity and Survival Estimates

Grades Survival Estimate Numismatic Rarity Relative Rarity by Type Relative Rarity by Series
All Grades 8,000 R-3.4 9 / 13 9 / 13
60 or Better 7,000 R-3.6 9 / 13 9 / 13
65 or Better 2,500 R-4.5 7 / 13 TIE 7 / 13 TIE

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS67 PCGS grade
1 MS67 PCGS grade
1 MS67 PCGS grade
1 MS67 PCGS grade  
1 MS67 PCGS grade