us columbian half dollar

The US Columbian Half Dollar: A Commemorative Coin of History

The US Columbian Half Dollar, minted in 1892 and 1893, holds the distinction of being the first United States commemorative coin. It was created to celebrate the 400th anniversary of Christopher Columbus’s voyage to America and was sold at a premium to raise funds for the 1893 World’s Columbian Exposition in Chicago.

History and Purpose

The Columbian Half Dollar was authorized by an Act of Congress and was specifically intended to help finance the World’s Columbian Exposition. The idea was that selling these coins at a higher price than their face value would generate revenue for the exposition. The coin design was selected through a competition.

Design

Designed by Charles E. Barber, the Chief Engraver of the United States Mint, the obverse features a bust of Christopher Columbus facing left. The reverse depicts the flagship Santa Maria above two hemispheres, representing the Old and New Worlds. The inscriptions include “United States of America,” “World’s Columbian Exposition,” “Half Dollar,” and the dates “1492” and “1892” (or “1893”).

Production and Distribution

Millions of Columbian Half Dollars were minted at the Philadelphia Mint. While they were initially popular, sales eventually slowed. Unsold coins were later released into general circulation at face value. Despite the large mintage, well-preserved examples are still highly sought after by collectors today. You can learn more about the specifics of the coin’s production and design on sites like Wikipedia’s article on Columbian half dollars.

Collectibility and Value

The value of a Columbian Half Dollar depends on its condition, rarity of specific mint marks, and market demand. Coins in excellent condition, graded by reputable services like PCGS or NGC, command higher prices. Certain varieties, such as the 1893 issue with Isabella Quarter authorization endorsement, are also particularly valuable.

FAQs

What is a Columbian Half Dollar worth?

The value varies based on condition, but generally, a circulated Columbian Half Dollar is worth more than its face value. Uncirculated examples are considerably more valuable.

How many Columbian Half Dollars were made?

Over 5 million Columbian Half Dollars were minted across 1892 and 1893.

Where can I find a Columbian Half Dollar?

Coin dealers, coin shows, and online auction sites are good places to look for Columbian Half Dollars.

Is the Columbian Half Dollar made of silver?

Yes, the Columbian Half Dollar is made of 90% silver and 10% copper.

Why was the Columbian Half Dollar created?

It was created to commemorate the 400th anniversary of Columbus’s voyage and to raise funds for the 1893 World’s Columbian Exposition.

Summary

The US Columbian Half Dollar is a significant piece of numismatic history. As the first commemorative coin issued by the United States, it offers a tangible link to the 1893 World’s Columbian Exposition and Christopher Columbus’s legacy. Whether you are a seasoned collector or just starting out, this coin is an interesting and accessible piece to explore.