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1916 Coins of the USA and World

Category:  World Coins
Owner:  deposito
Last Modified:  1/4/2024
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Slot: USA
Origin/Country: United States
Design Description: CENTS - LINCOLN, WHEAT REVERSE
Item Description: 1C 1916 MCCLURE COLLECTION
Grade: NGC MS 66 RB
Research: View Coin
Owner Comments
I was born in 1980. Wheat back pennies, and pre-1965 quarters and dimes, were the only old-style coins I found in change in my lifetime. My dad told me to pick out any wheat back pennies or pre '65 silver.

In this collection, this penny, the mercury dime, and the buffalo nickel, are the only old coins I knew as a kid. Maybe my dad showed me a barber dime or quarter, and I thought it was incredible, but a nickel from the '30's was already incredible. I never saw, or knew there were, gold US coins until I was an adult.

In 2015 Dr. James G. McClure died. He was a dentist. He was descended from the Reverend James G. McClure, who put together a collection during his lifetime from the late 1800's through the early 1900's. His family held onto the collection another generation or two before it was sold in 2016, right when I started this collection.

There is a nice article about who the Reverend was here: https://coinweek.com/auctions-news/heritage-offers-rev-dr-james-gore-king-mcclure-collection-june-long-beach-expo/

"The Rev. Dr. James Gore King McClure was born in Albany, New York in November 1848 and died at the age of 83 in Lake Forest, Illinois in January 1932. A much-admired community leader, he served variously as the pastor of the First Presbyterian Church and president of Lake Forest College in addition to being a founding president of the McCormick Theological Seminary in Chicago. He was a member of the Mayflower Society, a direct descendant of Mayflower passenger John Howland – and an avid coin collector.

“This is a truly remarkable collection,” said Greg Rohan, President of Heritage Auctions, “not only because of its size and scope, but also because it has sat, largely untouched, in a safe deposit box in Illinois for decades. Dr. McClure acquired many of these coins at the time of issue, either from circulation or at the bank, and others were gifts from friends.”

McClure began collecting coins at a young age, possibly in the late 1850s, and certainly in the early 1860s. His numismatic interest continued throughout his life, encompassing U.S. and world coins, medals, and tokens.

“Certainly Rev. Dr. McClure’s collection ranks among the most important time-capsules of U.S. coins ever offered,” said Scott Schechter, Vice President of NGC."


Slot: USA
Origin/Country: United States
Design Description: FIVE-CENT PIECES - BUFFALO
Item Description: 5C 1916
Grade: PCGS MS 64
Research: View Coin
Slot: USA
Origin/Country: United States
Design Description: DIMES - BARBER LIBERTY HEAD
Item Description: 10C 1916 S
Grade: PCGS MS 63
Research: View Coin
Owner Comments
The end of the Barber dime series
Slot: USA
Origin/Country: United States
Design Description: DIMES - MERCURY
Item Description: 10C 1916 MERCURY
Grade: PCGS MS 67 Full Bands
Research: View Coin
Slot: USA
Origin/Country: United States
Design Description: QUARTER DOLLARS - BARBER LIBERTY HEAD
Item Description: 25C 1916 D
Grade: PCGS MS 65
Research: View Coin
Owner Comments
I like the Barber quarter a lot more than the new "standing liberty" quarter that replaced it this same year. I can't afford the other one anyways. 6.5 grams of .90 silver.

And hey I just want to note something here - I have another 1916-D and it is clear that the D on this coin is a lot closer to the eagle's feathers than my other one. I never have researched US coins and will try to look this up.

Mintage 6,540,800

PCGS Population: (356/188). NGC Census: (172/60).
Slot: USA
Origin/Country: United States
Design Description: QUARTER DOLLARS - BARBER LIBERTY HEAD
Item Description: 25C 1916 BARBER
Grade: PCGS MS 65
Research: View Coin
Slot: USA
Origin/Country: United States
Design Description: QUARTER DOLLARS - STANDING LIBERTY
Item Description: 25C 1917 TYPE 1
Grade: PCGS MS 62 Full Head
Research: View Coin
Slot: USA
Origin/Country: United States
Design Description: HALF DOLLARS - WALKING LIBERTY
Item Description: 50C 1916 D
Grade: PCGS MS 64
Research: View Coin
Slot: USA
Origin/Country: United States
Design Description: GOLD COMMEMORATIVES
Item Description: G$1 1916 MCKINLEY
Grade: NGC MS 64
Research: View Coin
Slot: USA
Origin/Country: United States
Design Description: HALF EAGLES - INDIAN HEAD
Item Description: $5 1916 S
Grade: NGC MS 61
Research: View Coin
Owner Comments
The five dollar coin has seven one thousandths of a troy ounce more actual gold weight than the British Sovereign, or Pound, of the same time. So the exchange rate would have been a fairly easy, and stable, five Dollars to a Pound.

Incuse engraving on electrum coins goes back to the inception of coinage in the late seventh century B.C. Incuse engraving on coins, especially on both sides, has also taken a long time off in between. This series of coins is an anomaly in U.S. coinage and large-scale circulating coinage generally, I think.
Slot: USA
Origin/Country: United States
Design Description: EAGLES - INDIAN HEAD
Item Description: $10 1916 S
Grade: NGC MS 62
Research: View Coin
Owner Comments
It looks like these coins peaked in value right about as I was buying this one in 2016, maybe just recovering by 2022.

When it crossed to NGC it lost the + it was given by PCGS and now it is just MS-62. Doesn't matter to me but the auction archives show that + was worth about $1,000 ! I'll stick to foreign coins.
Slot: USA
Origin/Country: United States
Design Description: DOUBLE EAGLES - SAINT-GAUDENS
Item Description: $20 1916 S
Grade: NGC MS 63
Research: View Coin
Owner Comments
Got this on Ebay for $1651 in 2016 when my kid was born, and then re-holdered for $44 more by NGC in 2022. This is not a tough coin to get in this grade, but it has gone up in price just because of gold.
Slot: Canada
Origin/Country: CANADA - 1858 TO 1968
Design Description:
Item Description: 10C 1916
Grade: NGC MS 65
Research: View Coin
Owner Comments
23 in this grade at NGC and PCGS, and 11 graded higher at NGC and PCGS
Slot: Canada
Origin/Country: CANADA - 1858 TO 1968
Design Description:
Item Description: 25C 1916
Grade: NGC MS 61
Research: View Coin
Owner Comments
When I was a kid in the 80s and 90s Canadian coins always showed up sometimes in change, especially their quarters and dimes. Of course I never got anything with King George, or King anyone on it. It was always Queen Elizabeth with some kind of reindeer or sailboat on the back. And, while it was neat, we all knew that you needed about 110 Canadian cents to get one US dollar. A pop machine might take a Canadian quarter, but the K Mart might not. Anyways, back when there was an easy way to compare circulating currency based on actual silver content, a Canadian quarter was about 95% of a US quarter. The Canadian quarter was a lot more than a shilling, but, a little less than a US quarter.

According to NGC on 5/26/2023 there is just this coin in MS-61 and only 4 in higher grades.

Mintage 459,070 out of Ottawa, Canada.
Composition: Silver
Fineness: 0.9250
Weight: 5.8319g
ASW: 0.1734oz
Melt Value: $4.72 (2/17/2021)
Diameter: 23.5mm

Obverse: Crowned bust of King George V left
Obverse Legend: GEORGIVS V DEI GRA REX ET IND IMP
Obverse Designer: E. B. MacKennal
Reverse: Denomination and date within wreath, crown above
Slot: Mexico
Origin/Country: MEXICO - 1905 TO DATE
Design Description:
Item Description: 50C 1916M
Grade: NGC MS 62
Research: View Coin
Owner Comments
Mintage of 480,000. Worth about 8/9 of a U.S. half dollar of the same time, by silver content. As an illustration of how much more gold has become 105 years later, compared to silver, we can observe that the February, 2021 melt value of the silver in 20 Mexican 50 Centavo coins, which would total Ten Pesos, is just $176.60. Meanwhile the February, 2021 melt value of the 1916 Mexican gold Ten Pesos coin is $440.60; two and a half times what the same Ten Pesos in silver is now worth melted down. Numismatically, on the other hand, in 2021 you will have to pay a lot more for twenty silver 1916 Mexican 50 Centavo Coins than for one gold 1916 Mexican Ten Pesos coin. Perhaps that is somewhat dependent on the condition of the coins, but I don't think you can get even a cleaned decent-looking 50 Centavo coin from 1916 for under $100.

Composition: Silver
Fineness: 0.8000
Weight: 12.5000g
ASW: 0.3215oz
Melt Value: $8.83 (2/13/2021)
Diameter: 30mm

Obverse: National arms
Reverse: Value and date within 3/4 wreath with Liberty cap above

8 graded higher by PCGS
(1 other in MS62 at PCGS, 4 in MS63, 2 in MS64, and 1 in MS65)

3 graded higher by NGC of the regular version, which I presume this coin to be
(3 in MS62 at NGC and 2 in MS63 and 1 in MS64 at NGC)

However, there are also variants recognized by PCGS and NGC; i.e. NARROW DARE, WIDE DATE, and "INVERTED AND CORRECTED 1". NGC has actually graded more coins of the WIDE DATE and INVERTED... varieties than this regular kind.
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