subject: Us Gold Commemorative Coins [print this page] The year 1982 was a significant year for numismatics. It marked the commencement of the program for Modern Commemorative Coins in the united states. The first was minted to celebrate the 250th birthday of Pres. George Washington, one of America's most liked Presidents. The coins were in half dollars. Since that time, modern commemorative coins were minted to give honor to important US people, occasions, places and institutions.
Even though occasionally varying with the subject matter, the popularity of commemorative coins is rising. At times when the theme is well-loved or renowned, 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. Commonly, 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 throughout the selling period, which takes several months to a year.
Over the years, these coins were launched in five varying measurements. The first ones were half-dollar 90% silver commemorative coins; and later, $1 commemoratives with similar specifications were also issued. Just after, $10 and $5 gold coins were released in 90% gold, weighing .4837 ounces and .2418 ounces of gold, respectively. And then in the end, clad half dollars were released which consists of 8% nickel and 92% copper.
Silver commemorative coins and other commemorative coins can be used as legal tender but they were not really meant for general circulation. It is being sold to the public by the US Mint at costs inclusive of surcharges which are apportioned for some programs. They are issued by the US Mint with the required certification from the US Congress.
Every year, two programs on modern commemorative coins are approved. Some programs feature multiple coin releases like $5 silver dollars, gold coins and clad half dollars. This year will feature the commemorative coins for 2010 Boy Scouts Centennial and the 2010 American Veterans Disabled for Life.
