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Questions and Answers: I found a rare Colombian half dollar in my grandfather’s estate. How much is it worth

The following Q&A is an excerpt from Clifford Mishlers Coins: Questions & Answers

Q: I have a rare Colombian half dollar. It was found in my grandfather’s estate. How much is it worth

ONE: The Colombian half dollar is the first US commemorative coin to be historically significant, but it is neither rare nor particularly valuable. In fact, both the issues of 1892 and 1893 in the basic uncirculated state have a modest premium, which is the lowest for about two-thirds of all issues of the classic commemorative series, with the exception of the type coins of the Booker T from 1946 to 1954. Washington and Carver / Washington- Expenditure.

It was published in connection with the World’s Columbian Exposition in Chicago in 1893, the subject of which was the 400 Anniversary of Columbus’ first trip to America. In lieu of the $ 5 million requested to cover exhibition costs, Congress approved the minting of 2,500,000 half-dollars as a souvenir from silver coins owned by the Treasury Department. They were sold for $ 1 each at the show.

A delay in the opening of the exhibition – the planned October 1892 opening was postponed to May 1, 1893 – resulted in two date variations on the coin, 1892 and 1893. As a significant number of the coins remained unsold when the exhibition closed in October On August 30, 1893, about 2.5 million of the four million stamps from 1893 were melted, leaving a net minting of just over 1.5 million stamps dated 1893 versus the 1892 production of just under one million. The unsold stocks from the 1892 strikes were circulated by the Chicago banks, which kept them as parity for loans. The Colombian half is one of the few classic commemorative editions that are often found in circulation.

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