The year 1982 was a great year for numismatics. It marked the start of the program for Modern Commemorative Coins in the States. The first was minted to celebrate the 250th birthday of Pres. George Washington, one of America’s most adored Presidents. These coins were in half dollars. Since that year, modern commemorative coins were minted to give honor to significant US people, occasions, places and institutions.
The recognition of modern commemorative coins is rising, although it fluctuates with the subject matter. Sales are normally high when the subject or theme is famous, oftentimes reaching the optimum mintage granted by the government. The coins are generally discounted on its first couple of weeks of release, but will be sold on its standard price in the remaining sales period which lasts only for a certain year or for several months. In the past, popular coins such as the 2006 Benjamin Franklin Commemorative and the 2001 American Buffalo Commemorative were sold out very quickly.
Over the ensuing years, five different measurements of these coins were minted. The first were half-dollar silver commemorative coins with 90% composition; and next $1 of the same specifications were also launched. Later on, $10 gold coins were released, 90% of its composition was gold, weighing .4837 ounces. Five dollar gold modern commemorative coins were also created at 90% gold, .2418 ounces. Clad half dollars were released, finally, composing nickel 8% and copper 92%.
Silver commemorative coins and other commemorative coins can be used as legal tender but they were not really for the purpose of general circulation. It is being sold to the public by the US Mint at prices inclusive of surcharges which are apportioned for some programs. They are issued by the US Mint with the necessary certification from the US Congress.
Two programs connected to commemorative coins are authorized every year; some showcasing $5 silver coins, gold dollars and clad half dollars. For 2010, the feature will be that of the Boy Scouts Centennial and the American Veteran Disabled for Life.
An extensive range of silver commemorative coins, modern commemorative coins and other fascinating coins are highlighted at currencyvault.com. Look at the site and take your pick.