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Some Information about Commemorative Coins
Date Added: July 06, 2011 08:56:30 PM | Author: Family Friendly Directory | Category: Recreation: Collecting: Coins
Commemorative coins have become really popular. Many people prefer to have different kinds of coins in their collections or for souvenirs. Many times they're used as time-honoured gifts for special occasions. These coins are not considered to be pragmatic gifts, but are commemorative items that can be kept for years as special relics when received by a special friend or beloved. There has been a strong need for these coins amidst people who are collectors as they may have significant import to them. Others will want them to recollect an important day or function. The mint date and the event celebrated by the coin could be one element people view them as collectible items.

Since the 1970s, the individual coins were acquirable in the market annually, but are now available as sets in packages or in specialized exhibits. A lot of collectors say that one reason they are commercialised this way was the depreciation of their value beginning in 1971. The introduction of the Euro might also be a factor. There are countries that have bring about commemorative coins and used these mints for propaganda. There were sovereigns who issued coins to commemorate past or current events and/or festivities that acknowledged their authority.

The fifty-cent piece was produced in 1892 to commemorate the Columbian Exposition in Chicago. This was a celebration to mark the 400th anniversary of the expedition of Christopher Columbus and his discoveries in the world. During the following year, the first quarter dollar commemorative was presented to signify the Exposition also, but it too gave honour to Queen Isabella of Spain. She was the one who “back-pedaled” the policy-making agendas on women rights.

The first commemorative coins that were made of silver were introduced in the 1900s. The coins were struck in respect of Lafayette and George Washington. In the following years, the half dollar coin was denominated, and the legal tender commemorative coins were made to mark celebrations instead of historical events. These coins are acknowledged today as authoritative sets of special coins of historic events between the years1892 - 1954.

It was in 1932 that the Washington quarter dollar was released as the USA’ second commemorative coin in its denomination. It was issued for the 200th birth anniversary of George Washington. The coin also carries on its circulation as a commemorative coin because of its fame.

It was atypical to distribute a commemorative coin of the 1892 - 1954 era in the United States of America because the authorities hadn't purposely put them into circulation, (they weren't legally authorised by the government for public use) so collectors will not pay the premium costs of these coins that are still in the marketplace.

In 1975, that the bicentenary quarter was introduced. It became the second circulating commemorative coin in the nation, while the silver dollars and half dollars (1776 – 1976) were reissued as a special collector’s edition.

Several collectors have dissimilar agendas when collecting these coins. Some prefer commemorative coins from 1892 - 1954 while most collectors choose the contemporary editions. They know that these coins have different values depending upon the series and/or editions. Although there have been different series released, a proposal was submitted to the United States Congress that would mark the Lincoln cent for his birth anniversary. No one knows whether or not the 1-cent denomination commemorative coin will be minted.

The confusing part of these commemoratives that are circulating is the pattern of the denomination. The 1776-1976 commemoratives half-dollar and silver dollar may not be enclosed in collections because of their scarceness. Most of the coins that are going around are the quarter dollar coins. It should be an interesting development for the purported circulation of the one cent commemorative coin.