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An Overview of American Commemorative Coins by Jamie Smith

Every year Congress authorizes the production of United States Mint Annual commemorative coins to honor outstanding American people, places, events and institutions. Although these coins are legal tender, just like the ones in everyday circulation, annual commemorative coins are produced in limited quantities, specifically for gold and silver Coin Collectors and are available directly from the US Mint for only a limited time. Us Mint Gold Coins

The purpose of US Mint gold coins:As well as celebrating important aspects of American history and culture, annual commemorative coins are used to raise funds for specific causes and public projects.

The Mint adds a surcharge to the actual cost of production and gives the proceeds from the sale of the respective US Mint gold coins to the organization concerned. For example, surcharges on the Capitol Visitor Center commemorative coins, which marked the building of the US Capitol in 1800 and were sold from February 28, 2001 to March 1, 2002, were given to the Capitol Preservation Commission to fund the construction of a visitor center under the US Capitol’s East Plaza.

Similarly, the surcharges for the 2012 Star-Spangled Banner Commemorative Coins-$35 for each gold coin and $10 for each silver coin will go to the Maryland War of 1812 Bicentennial Commission to help support community activities, educational programs and the preservation of sites related to the War of 1812.

Indeed, more than $418 million has been raised through the sale of United states Mint annual commemorative coins since the program began. The proceeds have been used to build new museums and monuments, maintain important historical sites and even reduce the national debt.â€Early†US Mint annual commemorative coinsThe first United States Mint annual commemorative coin was the 1892 Columbian Exposition Half dollar.

From 1892 through 1954, Congress authorized the Mint to produce a total of 157 gold and silver coins, honoring 53 different individuals and events. During this â€early†period, the US Mint produced the coins and sold them directly to the organizations responsible for public projects.

The organizations added surcharges as a means of fundraising.Over time, however, concerns were raised about whether Congress was authorizing more coins than the market could bear, the level of the surcharges applied, and the extent to which individual events or institutions were of national, rather than local or regional, importance.

Finally, because of these concerns, the program was suspended in 1955.â€Modern†US Mint annual commemorative coinsLargely in response to calls from coin collectors, Congress resumed the US Mint annual commemorative coin program in late 1981 by authorizing the George Washington commemorative coin.

It also restructured the program to enable the US Mint to sell coins directly to the public. The proceeds from the George Washington commemorative coins were used to reduce the national debt.Today, under the â€modern†commemorative coin program, gold and silver collectors’ coins are produced in half-dollar, one-dollar, five-dollar and ten-dollar denominations by the US Mint facilities in Denver, Philadelphia, San Francisco, and West Point. Us Mint Gold Coins

US Mint Annual commemorative coins are sold mainly through the Mint’s mail-order service or through private retail outlets. To get more information on US Mint gold coins for collectors, please visit www.wholesalecoinandmore.com or call 1-888-310-9026.

Us Mint Gold Coins

Article Source: http://www.earticlesonline.com/Article/An-Overview-of-American-Commemorative-Coins/1397889

How much is my Eisenhower Bicentennial dollar with an over 90 degree rotated die error possibly worth?

The coin is circulated, but doesn't appear to have very much wear on it at all...I realize this is a general description, but I have never in my life seen a rotated die error of more than 90 degrees before.

I don't have the $$ to have it professionally graded, so I'm just looking for a generic ballpark figure on how much this coin is possibly worth. Thanks!

I am having difficulty locating values for any rotated die coins, but I believe you will find the best answer by contacting the people at the first link below. I hope that helps.