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COLLECTING STRATEGIES FOR CLASSIC COMMEMORATIVES

by Kathleen Duncan of Pinnacle Rarities

pinnacle_commems_092409Between 1892 and 1954, there were 50 different silver commemoratives authorized by Congress: 48 Half Dollars along with a single Quarter and Dollar. Because many of these were issued for multiple years, were struck at the Philadelphia, Denver and San Francisco Mints, and were issued with subtle design variations, there are a total of 144 different silver coins that constitute the Classic Silver Commemorative category. Many of the coins were designed in contest by important sculptors and among them are some of the most creative examples of coinage art in all of numismatics. They also form an instructive history course of our nation, as each commemorates an important event.

Commemoratives differ from regular issue coins as they are struck primarily for collectors rather than to circulate as money, although they are legal tender. Most Classic Commemoratives were struck in conjunction with a large exhibition and festival. These coins were sold to collectors at a premium to their face value, typically to raise money for a monument to be built or to defray the costs of the particular celebration. The very first such exhibition was the 1892 Chicago World’s fair, which produced the 1892 Columbus Half Dollar, honoring the 400th anniversary of Columbus’ discovery of the New World.

Silver Commemoratives can be assembled in nearly an endless number of ways, in all price ranges, making them an easy area to pursue. Purchasing one of each of the 50 unique designs is referred to as a type set. The ambitious pursuit of a complete set requires one of each of the 144 dates and mintmarks referenced above. If you prefer a less daunting task, you can choose among any number of sub segments to match your particular interests.
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