United States Modern Commemorative Coins

The year was 1982. It marked the 250th birth anniversary of one of America’s most important presidents, George Washington. It was also a season of milestone for the world of numismatics because it marked the beginning of the program for Modern Commemorative Coins in America. That year, commemorative half-dollar coins were launched by the US Mint in memory of President Washington. Nearly each year subsequently, modern commemorative coins are introduced to honor important National figures, occasions, establishments and places.

Even though occasionally varying with the subject theme, the acceptance of commemorative coins is increasing. When the theme is well-loved or famous, the coin sales are high, sometimes reaching its optimum mintage. Examples of these are the Benjamin Franklin Commemoratives of 2006 and the American Buffalo Commemoratives of 2001, which were sold out in a relatively small amount of time. Normally, on the first couple of weeks, the modern commemorative coins and silver commemorative coins are marked down and would later be offered on regular purchase prices for the rest of the selling period, which lasts a few months to a year.

Five various sizes of these coins were launched through the years. The first types were silver commemorative coins at half dollars and 90% silver. The next were $1 dollar 90% silver coins. To follow were $10 commemorative coins composed of 90% gold, with a net weight of .4837 ounces. After these were $5 dollar coins, 90% gold, and a net weight of .2418 ounces. Finally, clad half dollars composing of 8% nickel plus 92% copper, were released.

The coins were released by the US Mint upon appropriate certification by the US Congress and are not for the purpose of general circulation. Nevertheless, they can be used as legal tender. They are sold with a premium above the face value so as to provide support for programs and events related to the coinage.

Two programs connected to commemorative coins are authorized every year; some showcasing $5 silver coins, gold dollars and clad half dollars. For this year, the feature will be that of the Boy Scouts Centennial and the American Veteran Disabled for Life.

A comprehensive range of silver commemorative coins, modern commemorative coins along with other fascinating coins are featured at currencyvault.com. Look at the site and take your pick.