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Lot
5471

1916 G$1 McKinley PR63 NGC. CAC....

2012 August 2-5 US Coins Signature Auction- Philadelphia #1173

 
Sold for: Not Sold
Auction Ended On: Aug 3, 2012
Item Activity: 2 Internet/mail/phone bidders
250 page views
Location: Sheraton Philadelphia Downtown Hotel
201 North 17th Street
Philadelphia, PA 19103

Description:
1916 McKinley Gold Dollar, PR63
Only Four Known Proofs
1916 G$1 McKinley PR63 NGC. CAC. Little concrete information survives concerning the proof McKinley gold dollars. It is clear that few exist, probably four or five in all. Walter Breen wrote in his Proof Encyclopedia of four examples, including one in the Smithsonian Institution.
However, we offered a PR63 Cameo PCGS example in our Chicago Signature and Platinum Night (Heritage, 8/2011), a piece that brought $48,875. At that time we published a roster of three specimens, which included none certified by NGC. We repeat the roster below, adding the current PR63 NGC example and the August 2011 appearance. We wrote in August 2011:

"Proof examples are extremely rare, with only three confirmed specimens. Walter Breen recorded a proof in the Smithsonian Institution, but Jeff Garrett and Ron Guth report that the Smithsonian coin 'is not a true Proof by today's standards.' "


As far as we can determine, the addition of the NGC piece below to the previous roster represents a new discovery of a fourth piece:

--Choice Proof. RARCOA (Auction '89, 7/1989), lot 363. Part of a three piece set that also included a business strike and a nickel trial piece, Judd-1802. This is probably the piece that PCGS has graded PR64 Cameo, and it appears to be the same piece that is illustrated in the Garrett and Guth reference.
--PR64 PCGS. Superior (10/1990), lot 2283; Superior (5/1994), lot 1745.
--PR63 Cameo PCGS. Bowers and Merena (1/1996), lot 2320; Stack's (11/2008), lot 5076; Chicago Signature (Heritage, 8/2011), lot 7718.
--PR63 NGC. The present specimen.

The present coin is an unquestionable proof, with razor-sharp strike details far sharper than any business strike could possibly show. The surfaces are a medium yellow-gold, incredibly reflective on each side. A few minor contact ticks appear only a loupe. Census: 1 in 63, 0 finer (6/12). (PCGS# 7487)

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