The 1991-P Korean War Memorial Silver Dollar: A Commemorative Tribute
The 1991-P Korean War Memorial Silver Dollar Proof was issued to honor the 38th Anniversary of the signing of the Korean Armistice Agreement on July 27, 1953, which ended the Korean War. This coin was authorized by Public Law 101-495, passed on October 31, 1990, to help fund the creation of the Korean War Veterans Memorial in Washington, D.C.
Insight: The Korean War Veterans Memorial in West Potomac Park, Washington, D.C., serves as a poignant tribute to the soldiers who fought in the Korean War.
Designers and First Strike Ceremony
The obverse of the coin was designed by John M. Mercanti, the future Chief Engraver of the United States Mint, while the reverse was designed by Mint engraver T. James Ferrell. The official first strike ceremony for the 1991 Korean War Memorial Silver Dollar was held at the Philadelphia Mint on May 6, 1991, with notable figures like Treasurer of the United States Catalina Vasquez Villalpando in attendance.
Insight: The participation of various veterans groups in striking the coins highlights the significance and respect for the veterans of the Korean War in the production process.
Yin-Yang Controversy: A Minor Dust-up
A minor controversy arose when a reader questioned the use of the yin-yang symbol on the coin, mistakenly associating it with negative connotations. The criticism was unfounded, as the symbol has deep cultural significance in Korean tradition.
Insight: Cultural symbols like the yin-yang can serve as powerful representations of a nation’s heritage and should be appreciated for their historical context.
Value and Market Data
The Mint charged $31 for the Philadelphia Proof and $26 for the Denver Uncirculated version of the coin, with a $7 surcharge per coin going towards the construction of the Korean War Memorial. While examples in Original Government Packaging do not command a significant premium, certified Proof 69 and Proof 70 coins can sell for $100 to $150 per piece.
Insight: The increased population of NGC and PCGS Proof 70 coins since 2012 reflects the growing interest in modern commemorative coins among collectors.
Noteworthy Specimens and Coin Specifications
Top populations for the coin include PCGS PR70DCAM, NGC PF70UC, and CAC PR70DCAM specimens. The coin features a striking design on both the obverse and reverse, paying tribute to the Korean War and its veterans.
Insight: The intricate design and historical significance of the Korean War Memorial Silver Dollar make it a valuable addition to any numismatic collection.