Background of the McKinley Memorial Coin
The McKinley Memorial $1 gold coin was officially authorized by the United States Congress in 1916 as a tribute to the late President William McKinley. This legislative decision was rooted in a desire to honor McKinley’s legacy after his tragic assassination. The coin was designed to serve both as a memorial and a collector's item, marking a significant moment in U.S. numismatic history.
The Legacy of William McKinley
William McKinley, born on January 29, 1843, in Niles, Ohio, served as the 25th President of the United States from 1897 until his assassination in 1901. His presidency was marked by key events such as the Spanish-American War and the economic prosperity of the Gilded Age. McKinley's vision for a strong America influenced the nation’s status on the world stage.
The Significance of the Coin’s Design
The McKinley Memorial coin is notable not just for its historical significance but also for its artistic design. Featuring McKinley’s profile on the obverse and an eagle on the reverse, it embodies the values of patriotism and remembrance. The design was created by the famous American sculptor Adolph A. Weinman, who was also responsible for several other significant coins during this era.
Impact and Reception of the McKinley Memorial Coin
The introduction of the McKinley Memorial $1 gold coin had a lasting impact on collectors and the general public. It became a symbol of respect for the former president and contributed to the art of coin design in the United States.
Popularity Among Collectors
After its release, the McKinley Memorial coin gained popularity among collectors and investors. As a gold coin, it also represented a tangible asset during a time of fluctuating economic conditions. Its limited production enhanced its value and desirability, with collectors seeking to own a piece of history.
Commemorative Coins and American Culture
This coin reflected the trend of issuing commemorative coins in the United States, which became a popular way to honor historical figures and events. The McKinley Memorial coin set the stage for future commemorative issues, strengthening America's connection to its history through numismatic practices.
Fun Fact
Unique Production Details
The McKinley Memorial coin was produced in a limited quantity, making it a rare find today. Its rich historical background coupled with its artistic quality makes it a coveted piece in the world of coin collecting.
Additional Resources
Recommended Reading on William McKinley
For those interested in learning more about this remarkable leader and his legacy, consider reading "The Life of William McKinley: A Biography" by L. A. McCarty, or delve into the gripping narrative of his presidency in "The President Who Was Assassinated" by Charles D. Ross.
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