United States of America Funding For Special Olympics 1995
P Proof Silver Dollar 38.1mm (26.73 grams) 0.900 Silver (0.7734 oz. ASW) Reference: KM# 266 | Engraver: T. James Ferrell from Jamie Wyeth art, Thomas D. Rogers , Sr. SPECIAL OLYMPIC WORLD GAMES LIBERTY J.W. TJF IN GOD WE TRUST P 1995, Portrait of Eunice Kennedy Shriver, Founder of the Special Olympics. UNITED STATES OF AMERICA ยท E PLURIBUS UNUM “AS WE HOPE FOR THE BEST IN THEM, HOPE IS REBORN IN US.” EUNICE KENNEDY SHRIVER, FOUNDER TDR ONE DOLLAR, A rose, a Special Olympics medal, and a quote from Eunice Shriver.
Coin Notes: The 1995 Special Olympics World Games Silver Dollar was issued to honor the competitions created for people with intellectual disabilities. The Special Olympics are focused on developing self confidence, social skills, and a sense of accomplishment for the participants. In 1995, the Special Olympic Games were held in Connecticut. Eunice Kennedy Shriver was the first living female depicted on US coinage. On the coin, she is credited as the founder of the Special Olympic Games, although some credit Anne Burke and consider the coin inaccurate. The 1995 Special Olympics Silver Dollar was issued in both proof and uncirculated versions. The proof coins were minted at Philadelphia and the uncirculated coins were minted at West Point. The maximum authorized mintage across both versions was 800,000. The coins were sold individually, or as a 2 Coin Set, which included the proof silver dollar and a 1995-S Proof Kennedy Half Dollar. A single corporate benefactor reportedly purchased 250,000 coins to save the program from financial loss and embarassment. These coins were later given to Special Olympics athletes in 1998.
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The Morgan dollar was a United States dollar coin minted from 1878 to 1904, and then again in 1921. It was the first standard silver dollar minted since production of the previous design, the Seated Liberty dollar, ceased due to the passage of the Coinage Act of 1873, which also ended the free coining of silver. The coin is named for its designer, United States Mint Assistant Engraver George T. Morgan. The obverse depicts a profile portrait representing Liberty, while the reverse depicts an eagle with wings outstretched.
The dollar was authorized by the Bland-Allison Act. Following the passage of the 1873 act, mining interests lobbied to restore free silver, which would require the Mint to accept all silver presented to it and return it, struck into coin. Instead, the Bland-Allison Act was passed, which required the Treasury to purchase between two and four million dollars’ worth of silver at market value to be coined into dollars each month. In 1890, the Bland-Allison Act was repealed by the Sherman Silver Purchase Act, which required the Treasury to purchase 4,500,000 troy ounces (140,000 kg) of silver each month, but only required further silver dollar production for one year. This act, in turn, was repealed in 1893.
In 1898, Congress approved a bill that required all remaining bullion purchased under the Sherman Silver Purchase Act to be coined into silver dollars. When those silver reserves were depleted in 1904, the Mint ceased to strike the Morgan dollar. The Pittman Act, passed in 1918, authorized the melting and recoining of millions of silver dollars. Pursuant to the act, Morgan dollars resumed mintage for one year in 1921. The design was replaced by the Peace dollar later the same year.
In the early 1960s, a large quantity of uncirculated Morgan dollars was found to be available from Treasury vaults, including issues once thought rare. Individuals began purchasing large quantities of the pieces at face value, and eventually the Treasury ceased exchanging silver certificates for silver coin. Beginning in the 1970s, the Treasury conducted a sale of silver dollars minted at the Carson City Mint through the General Services Administration. In 2006, Morgan’s reverse design was used on a silver dollar issued to commemorate the old San Francisco Mint building.
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