Morgan Dollars

Collectible Coins


Are commemorative coins legal tender.

Yes they are legal tender coins but they are not intended to be used as money because the value of their precious metal content far exceeds the face value of the coins.

Why does the mint charge more for commemorative coins than for bullion coins.

Congress authorizes commemorative coins that celebrate and honor American people, places, events and institutions. A portion of the proceeds from their original sale known as a surcharge goes to organizations projects that benefit the community. The money is used to build new museums and to preserve historical sites etc. Since 1982, the U.S. Mint has raised over $418,000.000 in surcharges. The surcharge only applies to the first sale of the item.

Are commemorative coins pure silver.

Silver commemorative coins are usually 90% pure silver.

Are all commemorative coins Proof strike.

No the U.S. Mint usually offers a business strike coin and a Proof strike coin. The term Proof refers to the method of manufacture and not the condition or grade of the coin.

Do commemorative coins come in special packaging.

Yes both business strike and Proof strike coins come in presentation cases accompanied by a Certificate of Authenticity.

Why do the prices vary between the different coins issued.

Some coins are more popular than others and have more widespread collector appeal, while others may have a lower mintage.

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