United States Mint Discusses Planned Presidential and Military Medals Silver Series
Recently, the United States Mint released further information regarding their plans to produce a series of 1 oz .999 fine Silver medals honoring former U.S. presidents and the branches of our Armed Forces. In 2013, a Silver Medal was included in the Theodore Roosevelt Coin & Chronicles Set. The U.S. Mint takes that medal as its inspiration for two planned series. One is set to launch later this year and the other will likely debut in 2020.
Silver Presidential Medal Series
Ann Bailey, program manager for the mint’s numismatic and bullion program, first envisioned a series of Silver Presidential medals as a complement to the existing bronze presidential medals. The Silver medals would feature artwork identical to the bronze medals and are meant to be released four per year beginning in 2018.
The U.S. Mint had already gained permission to strike presidential medals in Silver for the Presidential Coin & Chronicles Sets; this is a natural extension that will honor our presidents and Armed Forces.
Military Silver Medal Series
Bailey further outlined the mint’s concept for issuing Silver medals honoring the Army, Navy, Air Force, Marines and Coast Guard and possibly later medals to honor their reserve forces.
The designs showcased on these medals are expected to be more general than the one that appeared on, for example, the 2018 Proof WWI Centennial Silver Dollar. Bailey specified these medals would not commemorate any particular battle, anniversary or person. In fact, the artists were instructed to avoid designing pieces that Congress might appropriate for use on later hypothetical commemorative coins.
Bailey did note the mint has not yet been granted the authority to strike these medals, merely because they are still in the research and planning phase. The military Silver medals could not be launched before 2020 even if everything goes smoothly. However, the whole series could be released over a three-year timeline, which makes the prospect of this series very exciting! Smaller bronze variations are also a distinct possibility, providing a fascinating foil to the fine Silver medals.
Medal Specifications and Sales Plans
The two planned Silver medal series do have certain commonalities. Plans are to strike both series in collector-level Proof quality using the same planchets that become the American Silver Eagle. The Silver medals would then be available free of sales deadlines or purchase limits, in the manner of the mint’s bronze medals.
These two proposed series present exciting possibilities for both investors and collectors. We are all looking forward to these fascinating medals with great anticipation.