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    Description

    Conditionally Unsurpassed 1916 McKinley Gold Dollar MS67

    1916 G$1 McKinley MS67 PCGS. Ex: Swiss America/Dr. Merritt. An Act of Congress on February 23, 1916 authorized the construction of the McKinley Birthplace Memorial. To help defray costs, it was authorized that not over 100,000 gold dollars of commemorative designs be struck at the Philadelphia Mint only, and afterward, the dies were to be destroyed. Charles Barber designed the obverse, George T. Morgan designed the reverse.
    The Philadelphia Mint struck 20,026 gold dollars during August and October, 1916. These were placed on the market for $3 apiece, with the sellers either unaware or choosing to forget that the 1903 and 1904-5 gold dollars were impossible to sell in any quantity at that figure. Only approximately 15,000 were sold.
    By 1917, the committee in charge realized the futility in this pricing structure and dumped a total of 10,000 coins at a lower figure to B. Max Mehl in Ft. Worth Texas who offered them to collectors at $2.50 each. It is uncertain whether Mehl's consignment consisted of only 1917s or a mixture of the two dates. In either event, the Association returned 10,023 pieces of the 1916 issue to the Mint for melting.
    The highly lustrous reddish peach-gold and mint-green surfaces are amazingly smooth and essentially pristine. The striking details on each side of the coin are noticeably sharper than usual for this issue.(Registry values: N4719) (NGC ID# BYLK, PCGS# 7454)

    Weight: 1.70 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    June, 2006
    1st-3rd Thursday-Saturday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
    Page Views: 2,416

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