Classic vs. Modern Commemoratives: Which Era Wins?

Over 130 Years of Commemorative Coins

The U.S. commemorative coin tradition stretches from the 1892 Columbian Exposition Half Dollar — the first U.S. commemorative — through today's annual programs. But classic and modern commemoratives feel like entirely different collecting worlds.

Classic commemoratives (1892-1954) were individually authorized by Congress and produced in relatively small quantities. Over 50 different types exist, from the 1892 Columbian to the 1954 Carver/Washington. Many were sold at premiums to fund exhibitions and monuments. The 1915 Panama-Pacific $50 pieces (round and octagonal) are among the most valuable commemoratives ever issued.

Modern commemoratives (1982-present) revived the program after a 28-year hiatus. They're struck in silver dollars, clad half dollars, and gold $5 and $10 coins, with surcharges funding related causes. Over 80 different silver dollar issues alone have been produced.

The Debate

• Do you prefer classic or modern commemoratives?
• Which single commemorative coin is the most historically significant?
• Are there too many modern commemoratives? Has the program become diluted?
• What subject do you wish would be honored with a commemorative coin?