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Commemorative Coins- What Is That?

August 15, 2010 by  
Filed under Silver Coins

Commemorative us silver coins have become incredibly popular. Many collectors want to have several kinds of coins in their collections or as pure souvenirs. Many times they are used as ordinary gifts for special occasions. These coins are not viewed to be practical presents, but are commemorative objects that can be kept for many years as special souvenirs when received by a good friend or family.

There is a significant demand for these special coins among people who are collectors as they might have some meaning to them. Others will want them to remember a significant day or special occation. The mint date and the occation celebrated by the coin could be cause people consider them collectible objects.

Since the 1970`s, the individual coins were present in the market each year, but are now available as sets in packages or in special editions. Many collectors mean that one reason they are marketed in this manner was the depreciation of their value beginning in 1971. The introduction of the euro might also be a cause.

There are countries which have manufactures commemorative silver coins and used these coins for marketing purposes. There were monarchs who issued coins to commemorate past or current occations and/ or celebrations that dedicate their authority.

The silver half dollar was manufactured in 1892 to commemorate the Columbian Exposition in Chicago. This was a celebration to display the 400th anniversary of the expedition of Christopher Columbus and his awesome discoveries in our part of the world.

Under the coming year, the first quarter dollar commemorative was presented to signify the Exposition too. but it also gave credit to queen Isabella of Spain. She was the one who “back-drove” the political agenda on women rights.

The first commemorative silver coins which were made of silver were presented in the 1900`s. The silver coins were struck in honor of Lafayette and George Washington. In the coming years, the half dollar coins was denominated, and the legal tender commemorative coins were developed to point celebrations rather than historical occations. These coins are recognized now as classical sets of special coins of historical events between the years 1892 to 1954.

It was in 1933 that the Washington Quarter dollar was introduced as the U.S.`s second commemorative coin in its denomination. It was issued for the 200th birth anniversary of George Washington. The coin also continues the circulation as a commemorative coin due to its high popularity.

It was not characteristic to circulate a commemorative coin of the 1892 to 1954 period in the U.S. because the government had not purposedly put them in circulation, so coin collectors will not pay the first costs of these coins which are still in the coin market.

In 1975, that the Bicentennial quarter was presented. It turned the second circulating commermorative coin in the U.S., while the silver dollars and half dollars (1776 to 1976) were reissued as a special collectors editions.

Several collectors have many agendas when collecting these coins. Some want commemorative from 1892 to 1954 while the majority choose the modern editions. They know that these coins have unlike values depending on the series and/ or editions.

Although there have been several series introduced, a proposal was submitted to congress that would point the Lincoln cent for his birth anniversary. No one knows if or not the 1 cent denomination commemorative coin will be manufactured.

The confusing issue of these commemoratives which are circulating is the type of the denomination. The 1776 to 1976 commemoratives half dollars and silver dollar might not be put in collections caused by their scarcity. The majority of the silver us coins which are circulating are the quarter dollar coins. It should be an interesting development for the suggested circulation of the 1 cent commemorative coin.

Harald Hoel, is a collector of us silver coins. He posess great knowledge about silver coins, especially silver us coins.

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