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2002 Olympic Winter Games Commemorative Gold $5 Coin

CoinTrapTM Commentary: In celebration of the memorable winter games in Salt Lake City, Utah the US Mint created the 2002 Olympic Winter Games coin, in all of its splendor and majesty. Shortly after the September 11, 2001 tragedy, America was gripped with fear about the recent mind-numbing attack on the twin world trade center towers in New York City.  Concern was widespread that something similar would happen during the games in Salt Lake City.  Thankfully, the games were pulled off without any significant security incidents and the memory of the successfull games will live on for decades to come.

The obverse features a Crystal Emblem superimposed on top of the Games' secondary identity mark entitled: "Rhythm of the Land."  The reverse of the coin depicts the olympic flame in relief atop a cauldron.

Not more than 80,000 of the Olympic Gold coins were minted.

Coin Value: What is the value of your Winter Olympics Gold coin?  Well, it all depends. The Olympic Winter Games Gold $5 coin worth or value depends on these main factors: (1) your coin’s grade, (2) whether it is a proof coin (Deep Cameo or DCAM) having a mirror-like polished finish, and (3) scarcity/demand.  Regarding your coin’s grade, it has become a standard in the field of numismatics (coin collecting) to grade coins on a point-scale from 1 (poor) to 70 (perfect).  This is also referred to as the “Mint State” or just “MS” for short. Click here to find the up-to-date estimated value of your 2002 Winter Olympics Commemorative Gold $5 coin from the Professional Coin Grading Service (PCGS®), which takes all three factors mentioned above into account*. If you do not know the grade of your Olympic Winter Games Commemorative Gold coin, you can take it to your local coin dealer and ask that they have it graded at one of the three major coin grading services.

2002 Olympic Winter Games Gold Coin - Obverse

2002 Olympic Winter Games Gold Coin - Reverse

Obverse - 2002 Olympic Winter Games Gold Commemorative Coin

Engraver:  Donna Weaver
 

Reverse - 2002 Olympic Winter Games Gold Commemorative Coin

Engraver: Donna Weaver
 

United States Mint images. CoinTrap.com is not affiliated with the United States Government in any way. Click here for terms and conditions.

    2002 WINTER OLYMPIC COMMEMORATIVE COIN ACT

    [[Page 114 STAT. 1916]]

    Public Law 106-435
    106th Congress

                                     An Act

     To provide for the minting of commemorative coins to support the 2002
     Salt Lake Olympic Winter Games and the programs of the United States
     Olympic Committee. <<NOTE: Nov. 6, 2000 - [H.R. 3679]>>

    Be it enacted by the Senate and House of Representatives of the
    United States of America in Congress <<NOTE: 2002 Winter Olympic
    Commemorative Coin Act. Utah 31 USC 5112 note.>> assembled,

    SECTION 1. SHORT TITLE.

       This Act may be cited as the ``2002 Winter Olympic Commemorative
    Coin Act''.

    SEC. 2. COIN SPECIFICATIONS.

       (a) Denominations.--The Secretary of the Treasury (hereafter in this
    Act referred to as the ``Secretary'') shall mint and issue the following
    coins:
               (1) Five dollar gold coins.--Not more than 80,000 $5 coins,
           which shall weigh 8.359 grams, have a diameter of 0.850 inches,
           and contain 90 percent gold and 10 percent alloy.
               (2) One dollar silver coins.--Not more than 400,000 $1
           coins, which shall weigh 26.73 grams, have a diameter of 1.500
           inches, and contain 90 percent silver and 10 percent copper.

       (b) Design.--The design of the coins minted under this Act shall be
    emblematic of the participation of American athletes in the 2002 Olympic
    Winter Games. On each coin there shall be a designation of the value of
    the coin, an inscription of the year ``2002'', and inscriptions of the
    words ``Liberty'', ``In God We Trust'', ``United States of America'',
    and ``E Pluribus Unum''.
       (c) Legal Tender.--The coins minted under this Act shall be legal
    tender, as provided in section 5103 of title 31, United States Code.
       (d) Numismatic Items.--For purposes of section 5134 of title 31,
    United States Code, all coins minted under this Act shall be considered
    to be numismatic items.

    SEC. 3. SOURCES OF BULLION.

       (a) Gold.--The Secretary shall obtain gold for minting coins under
    this Act pursuant to the authority of the Secretary under other
    provisions of law.
       (b) Silver.--The Secretary shall obtain silver for minting coins
    under this Act from any available source, including from stockpiles
    established under the Strategic and Critical Materials Stock Piling Act.

    SEC. 4. SELECTION OF DESIGN.

       The design for the coins minted under this Act shall be--
               (1) selected by the Secretary after consultation with--

    [[Page 114 STAT. 1917]]

                       (A) the Commission of Fine Arts;
                       (B) the United States Olympic Committee; and
                       (C) Olympic Properties of the United States--Salt
                   Lake 2002, L.L.C., a Delaware limited liability company
                   created and owned by the Salt Lake Organizing Committee
                   for the Olympic Winter Games of 2002 (hereafter in this
                   Act referred to as ``Olympic Properties of the United
                   States''); and
               (2) reviewed by the Citizens Commemorative Coin Advisory
           Committee.

    SEC. 5. ISSUANCE OF COINS.

       (a) Quality of Coins.--Coins minted under this Act shall be issued
    in uncirculated and proof qualities.
       (b) Commencement of Issuance.--The Secretary may issue coins minted
    under this Act beginning January 1, 2002, except that the Secretary may
    initiate sales of such coins, without issuance, before such date.
       (c) Termination of Minting Authority.--No coins shall be minted
    under this Act after December 31, 2002.

    SEC. 6. SALE OF COINS.

       (a) Sale Price.--Notwithstanding any other provision of law, the
    coins issued under this Act shall be sold by the Secretary at a price
    equal to the face value, plus the cost of designing and issuing such
    coins (including labor, materials, dies, use of machinery, overhead
    expenses, and marketing).
       (b) Bulk Sales.--The Secretary shall make bulk sales of the coins
    issued under this Act at a reasonable discount.
       (c) Prepaid Orders at a Discount.--The Secretary shall accept
    prepaid orders for the coins minted under this Act before the issuance
    of such coins. Sales under this subsection shall be at a reasonable
    discount.

    SEC. 7. SURCHARGES.

       (a) Surcharge Required.--All sales shall include a surcharge of $35
    per coin for the $5 coins and $10 per coin for the $1 coins.
       (b) Distribution.--Subject to section 5134(f ) of title 31, United
    States Code, all surcharges which are received by the Secretary from the
    sale of coins issued under this Act shall be promptly paid by the
    Secretary as follows:
               (1) Salt lake organizing committee for the olympic winter
           games of 2002.--One half to the Salt Lake Organizing Committee
           for the Olympic Winter Games of 2002 for use in staging and
           promoting the 2002 Salt Lake Olympic Winter Games.
               (2) United states olympic committee.--One half to the United
           States Olympic Committee for use by the Committee for the
           objects and purposes of the Committee as established in the
           Amateur Sports Act of 1978.

    [[Page 114 STAT. 1918]]

       (c) Audits.--Each organization that receives any payment from the
    Secretary under this section shall be subject to the audit requirements
    of section 5134(f )(2) of title 31, United States Code.

       Approved November 6, 2000.

    LEGISLATIVE HISTORY--H.R. 3679 (S. 2266):
    ---------------------------------------------------------------------------

    SENATE REPORTS: No. 106-355 accompanying S. 2266 (Comm. on Banking,
    Housing, and Urban Affairs).
    CONGRESSIONAL RECORD, Vol. 146 (2000):
               Sept. 19, considered and passed House.
               Oct. 23, considered and passed Senate.
     

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