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1916 William McKinley Commemorative Gold Dollar Coin

Jun 11, 2024 | Coins & Bullion, Gold Bullion, Gold Coins

1916 William McKinley Commemorative Gold Dollar Coin | U.S. Mint PCGS

Discover the fascinating history and intricate details behind the 1916 William McKinley Commemorative Gold Dollar Coin. You may be an avid coin collector, a history enthusiast, or someone exploring precious metal investments. This article will offer valuable insights. Learn why this coin stands out and understand its significance in the world of numismatics.

Disclaimer: Accurate Precious Metals is not a financial advisor. We encourage everyone to consult a financial advisor or CPA. They can help determine the best investment strategies. Our mission is to provide educational content about precious metals. Accurate Precious Metals is committed to transparency and reliability. They offer top-tier precious metal products and information.

Article Outline

  • The History of William McKinley and His Commemorative Coin
  • What Makes the 1917 William McKinley Memorial Gold Dollar Unique?
  • The Design: Obverse and Reverse of the McKinley Dollar
  • Who Was Charles E. Barber?
  • The Role of the United States Mint in Coin Production
  • Numismatic Value of the McKinley Dollar
  • The Price and Market for the 1916 McKinley Dollar Coin
  • Professional Coin Grading Service (PCGS) Certification
  • Finding Reliable Dealers for Buying and Selling
  • Frequently Asked Questions

The History of William McKinley and His Commemorative Coin

William McKinley, the 25th President of the United States, left an indelible mark on American history. He served his country during a transformative period, leading the nation to victory in the Spanish-American War. Sadly, McKinley’s life was cut short when he was assassinated in 1901. Honoring his legacy, the United States Congress authorized the issuance of the 1916 William McKinley Commemorative Gold Dollar Coin.

This gold dollar coin stands out. It is due to its history and its role in honoring McKinley’s work. Coin collectors and history fans find it intriguing. It links back to a key time in American history.

What Makes the 1917 William McKinley Memorial Gold Dollar Unique?

The 1917 William McKinley Memorial Gold Dollar is unique for several reasons. First, it’s one of the few commemorative coins issued in the early 20th century, making it a rare find in numismatics. Its rarity is compounded by its limited mintage, making it a highly sought-after piece among collectors.

Secondly, the coin serves as a tribute to McKinley’s enduring legacy. Authorized by Congress shortly after his assassination, the coin stands as a memorial to his service and dedicated life. The proceeds from the sale of these coins funded the National McKinley Birthplace Memorial in Niles, Ohio, cementing its importance in American history.

The Design: Obverse and Reverse of the McKinley Dollar

The obverse of the McKinley Dollar features a portrait of William McKinley. Charles E. Barber, a renowned engraver, designed this side of the coin. His depiction of McKinley captures the former President’s stately demeanor, an enduring tribute to his leadership.

The reverse side, designed by George T. Morgan, complements the obverse by featuring a majestic image of the National McKinley Birthplace Memorial. The detailed craftsmanship highlights the memorial’s historical and aesthetic significance, making it a beautiful piece of art.

Who Was Charles E. Barber?

Charles E. Barber was a prominent engraver for the United States Mint. Born in London in 1840, he moved to the United States and followed in the footsteps of his father, the chief engraver. Barber’s most famous works include the Barber Dime, Quarter, and Half Dollar, collectively known as the “Barber coins.”

His work on the McKinley Dollar showcases his exceptional skill. Barber’s designs are characterized by their intricate detail and timeless elegance, making them highly prized among collectors. His contribution to the McKinley Dollar further solidifies his legacy within the numismatic community.

The Role of the United States Mint in Coin Production

The United States Mint played a crucial role in bringing the McKinley Dollar to life. These mint facilities are in cities across the country. They produce coins for circulation, special purposes, and coin collecting. The mint follows strict guidelines to ensure each coin meets stringent quality standards.

The United States Mint makes commemorative coins, like the McKinley Dollar. This shows its dedication to preserving American heritage. Each coin undergoes multiple stages of production, from design approval to striking and inspection, ensuring a flawless finished product.

Numismatic Value of the McKinley Dollar

The numismatic value of the McKinley Dollar goes beyond its gold content. Collectors and investors value it for its historical significance, rarity, and connection to William McKinley’s legacy. Numismatics, the study and collection of coins, plays a vital role in assessing the value of such commemorative pieces.

Factors such as the coin’s condition, historical context, and limited mintage contribute to its overall value. High-grade coins, graded by entities like the Professional Coin Grading Service (PCGS), fetch high prices. This is true at auctions and in private sales.

The Price and Market for the 1916 McKinley Dollar Coin

The market for the 1916 McKinley Dollar Coin varies depending on factors like coin condition, rarity, and demand. Prices fluctuate based on current market conditions and the results of previous sales. Collectors often look to auction records and dealer inventories to gauge a coin’s value.

As of now, well-preserved coins certified by grading agencies like PCGS can command high prices. Collectors and investors should stay informed about market trends and consult reliable sources like Accurate Precious Metals when buying or selling these coins.

Professional Coin Grading Service (PCGS) Certification

The Professional Coin Grading Service (PCGS) is a leading agency in the numismatic world known for its stringent grading standards. Coins graded by PCGS are guaranteed to be authentic and quality, making them highly trusted by collectors and investors.

When evaluating a 1916 McKinley Dollar, PCGS examines factors such as wear, luster, and overall eye appeal. Coins with higher grades often fetch higher prices in the market. Having a PCGS-certified coin adds an extra layer of assurance for buyers and sellers.

Finding Reliable Dealers for Buying and Selling

Finding a reliable dealer is crucial when buying or selling commemorative coins like the McKinley Dollar. Accurate Precious Metals offers transparency, reliability, and expertise in the world of precious metals. As a trusted dealer, they provide valuable information and top-tier products to their customers.

Consulting with experienced dealers like Accurate Precious Metals ensures that you make informed decisions. Whether you are looking to add to your collection or sell a prized coin, working with a reputable dealer offers peace of mind and fair transactions.

Frequently Asked Questions

What is the 1916 William McKinley Commemorative Gold Dollar Coin?

The 1916 William McKinley Commemorative Gold Dollar Coin is a special issue released by the United States Mint to honor the 25th President of the United States, William McKinley. Authorized by Congress, this coin features a portrait of McKinley and the National McKinley Birthplace Memorial.

How rare is the 1916 McKinley Dollar Coin?

Due to its limited mintage, the 1916 McKinley Dollar Coin is considered rare. Its rarity and historical significance make it a highly sought-after piece among collectors. Finding one in excellent condition can be a unique and valuable addition to any collection.

Why was the 1916 McKinley Dollar Coin minted?

The 1916 McKinley Dollar Coin was minted to honor President William McKinley and support the creation of the National McKinley Birthplace Memorial in Niles, Ohio. The proceeds from the coin sales helped fund the construction of this important monument.

Where can I buy or sell a McKinley Dollar Coin?

You can buy or sell a McKinley Dollar Coin through reputable dealers like Accurate Precious Metals. It’s essential to work with trusted professionals to ensure fair transactions and gain valuable insights into the coin’s market value.

Conclusion

  • William McKinley, the 25th President of the United States, left a significant legacy that is commemorated by the 1916 William McKinley Commemorative Gold Dollar Coin.
  • The coin is unique due to its historical significance, rarity, and connection to McKinley’s legacy.
  • The obverse and reverse designs by Charles E. Barber and George T. Morgan showcase the artistry and history behind the coin.
  • The United States Mint played an essential role in producing this commemorative coin, adhering to high-quality standards.
  • The numismatic value of the McKinley Dollar extends beyond its gold content, influenced by factors like condition and rarity.
  • Prices for the coin fluctuate based on market conditions, and coins graded by PCGS are especially valued.
  • Finding reliable dealers like Accurate Precious Metals is crucial for buying or selling these collectible coins.

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