While most coins feature notable historical figures or iconic country landmarks, some coins break the mold. Perhaps the most notable example is the triangular commemorative coin issued by Bermuda to honor the Bermuda Triangle. Due to their non-circulating status, commemorative coins can feature broader topics and designs than their circulating counterparts. Discover more about these high-quality coins and their value as collectibles below.
What are Commemorative Coins?
Commemorative coins are limited-mintage pieces intended to spotlight and honor important people, events, and locations. These coins are of high quality and recognized as legal tender, though they are never dispersed for circulation. While several countries have their own series of commemorative coins released at various points in history, the first U.S. commemorative coin was minted in 1892. However, they were not produced consistently until 1982. Some topics these coins have covered since the 80s include Mount Rushmore, Harriet Tubman, Mark Twain, and the Marine Corps’ 250th Anniversary.
Why Are They Issued?
U.S. circulating currency designs have changed relatively minimally in modern history. Commissioning a new commemorative coin allows the U.S. increased flexibility to develop fresh designs over a wider spectrum of topics. Additionally, these coins serve a very distinct purpose. Each commemorative coin authorized by Congress includes a surcharge, or flat fee, as part of the coin sale that is distributed to an organization to help support that specific cause or group. Some groups that have benefited from commemorative coin sales include the Boy Scouts, Girl Scouts, the Olympics, the Smithsonian, and the Basketball and Baseball Halls of Fame. Since 1982, commemorative coins have generated more than $500 million for these organizations.
What Types of Commemorative Coins are Minted?
Commemorative coins have been minted in a variety of denominations and metals. Some more popular denominations include half dollars, $1 coins, $5 coins, and $10 coins. Meanwhile, these coins have been struck in gold, silver, platinum, and a layered metal mixture known as “clad” coins. Finally, though no commemorative coins are circulated, they do come in two different finishes: regular or proof quality. Ultimately, the denominations, makeup, and finishes are determined by Congress and vary by series.
Why Collect a Commemorative Coin?
Due to the surcharge mentioned above, these coins are generally more expensive from the outset, often starting with a cost above their face value. So does the price justify their worth? New collectors and casual investors may be wondering if the increased initial cost makes commemorative coins worth collecting in the long run. Ultimately, the decision to collect commemorative coins rests with the priorities of the collector. Some advantages include:
- Guaranteed Low Mintage – While exact mintage varies coin to coin, generally commemorative coins are produced at 100,000 or fewer, creating exclusivity from the outset.
- Precious Metal Makeup – Composition also varies by piece, but many do contain high percentages of silver and gold, helping coins hold their value over time.
- Historic Importance – Each commemorative coin design reflects an important piece of American culture. Collectors may appreciate the opportunity to showcase coins with more unique subject matter.
Some factors to keep in mind:
- Coin Quality & Condition – While commemorative coins have “built-in” factors, such as metal composition, to help bolster their value, the quality and condition of the coin will still play a role in an official evaluation.
- Not All Topics Are Equal – Because these coins feature very specific topics, some designs are in higher demand than others. Designs that appeal to niche interest groups, like the Apollo 11 Anniversary coin, have stronger followings than others.
Value Fluctuates – Most collectors can expect commemorative coins to appreciate over time. However, it is important to note that not all coins increase linearly or at the same rate. Some commemorative coins may become more valuable than others due to interest and demand.
Finding The Right Coin
Modern commemorative coins are an excellent choice for collectors. With such a wide variety in design, composition, and finishes, these coins are sure to become a talking point and a spotlight in any collection.
Shop high-grade commemorative coins from a trusted source in the industry. With over twenty years in the business and a team of specialists, ModernCoinMart has a large selection of coins you can trust.
