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2002 U.S. Military Academy Bicentennial Silver Dollar Coin

CoinTrapTM Commentary: Located in West Point, New York, and often referred to as “West Point,” the United States Military Academy has a rich tradition of producing military generals and other prominant figures.  To celebrate the founding of West Point (founded on March 16, 1802), this coin was minted 200 years later in 2002.  

The obverse of the coin features the Cadet Color Guard in front of the Academy's Washington Hall and Cadet Chapel.  The reverse features the West Point Bicentennial logo, a special design created to stand for the Academy's 200th anniversary.

Not more than 500,000 of the West Point Silver Dollar coins were minted.

Coin Value: What is the value of your 2002 West Point Silver Dollar coin? As is nearly always the case, that depends. The West Point Silver Dollar 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 West Point Silver Dollar 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 West Point silver 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 West Point Silver Coin - Obverse

2002 West Point Silver Coin - Reverse

Obverse - West Point Silver Dollar

Engraver: T. James Ferrell
 

Reverse - West Point Silver Dollar

Engraver: John Mercanti
 

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

    Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994
    Public Law 103-328

    ...

    SEC. 207. UNITED STATES MILITARY ACADEMY BICENTENNIAL
    COMMEMORATIVE COINS.
    (a) COIN SPECIFICATIONS.—
    (1) ONE DOLLAR SILVER COINS.—
    (A) ISSUANCE.—The Secretary shall issue not more
    than 500,000 $1 coins, which shall weigh 26.73 grams,
    have a diameter of 1.500 inches, and shall contain 90
    percent silver and 10 percent copper.
    (B) DESIGN.—The design of the $1 coins shall be
    emblematic of the United States Military Academy and
    its motto ‘‘Duty, Honor, Country’’. On each such 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’’.
    (2) LEGAL TENDER.—The coins issued under this section
    shall be legal tender as provided in section 5103 of title 31,
    United States Code.
    (b) SOURCES OF BULLION.—The Secretary shall obtain silver
    for the coins minted under this section only from stockpiles established
    under the Strategic and Critical Materials Stock Piling Act.
    (c) SELECTION OF DESIGN.—The design of the coins minted
    under this section shall be selected by the Secretary after consultation
    with the Commission of Fine Arts and the Bicentennial Steering
    Group, Association of Graduates, United States Military
    Academy. As required by section 5135 of title 31, United States
    Code, the designs shall also be reviewed by the Citizens Commemorative
    Coin Advisory Committee.
    (d) ISSUANCE OF THE COINS.—
    (1) QUALITY AND MINT FACILITY.—The coins authorized
    under this section may be issued in uncirculated and proof
    qualities and shall be struck at the United States Bullion
    Depository at West Point.
    H. R. 3841—39
    (2) PERIOD FOR ISSUANCE.—The Secretary shall issue coins
    minted under this section during the period beginning on March
    16, 2002, and ending on March 16, 2003.
    (3) SUNSET PROVISION.—No coins shall be minted under
    this section after December 31, 2002.
    (e) SALE OF THE COINS.—
    (1) SALE PRICE.—The coins issued under this section shall
    be sold by the Secretary at a price equal to the sum of the
    face value of the coins, the surcharge provided in paragraph
    (4) with respect to such coins, and the cost of designing and
    issuing such coins (including labor, materials, dies, use of
    machinery, overhead expenses, marketing, and shipping).
    (2) BULK SALES.—The Secretary shall make bulk sales
    available at a reasonable discount.
    (3) PREPAID ORDERS.—The Secretary shall accept prepaid
    orders for the coins prior to the issuance of such coins. Sales
    under this paragraph shall be at a reasonable discount.
    (4) SURCHARGE REQUIRED.—All sales shall include a surcharge
    of $10 per coin.
    (f) GENERAL WAIVER OF PROCUREMENT REGULATIONS.—No
    provision of law governing procurement or public contracts shall
    be applicable to the procurement of goods and services necessary
    for carrying out the provisions of this section. Nothing in this
    subsection shall relieve any person entering into a contract under
    the authority of this section from complying with any law relating
    to equal employment opportunity.
    (g) DISTRIBUTION OF SURCHARGES.—The total surcharges collected
    by the Secretary from the sale of the coins issued under
    this section shall be promptly paid by the Secretary to the Association
    of Graduates, United States Military Academy to assist the
    Association of Graduates’ efforts to provide direct support to the
    academic, military, physical, moral, and ethical development programs
    of the Corps of Cadets, United States Military Academy.
    (h) AUDITS.—The Comptroller General of the United States
    shall have the right to examine such books, records, documents,
    and other data of the Association of Graduates, United States
    Military Academy as may be related to the expenditure of amounts
    paid under subsection (g).
    (i) NUMISMATIC PUBLIC ENTERPRISE FUND.—The coins issued
    under this section are subject to the provisions of section 5134
    of title 31, United States Code, relating to the Numismatic Public
    Enterprise Fund.
    (j) FINANCIAL ASSURANCES.—
    (1) NO NET COST TO THE GOVERNMENT.—The Secretary
    shall take all actions necessary to ensure that the issuance
    of the coins authorized by this section shall result in no net
    cost to the United States Government.
    (2) ADEQUATE SECURITY FOR PAYMENT REQUIRED.—No coin
    shall be issued under this section unless the Secretary has
    received—
    (A) full payment therefor;
    (B) security satisfactory to the Secretary to indemnify
    the United States for full payment; or
    (C) a guarantee of full payment satisfactory to the
    Secretary from a depository institution whose deposits are
    insured by the Federal Deposit Insurance Corporation or
    the National Credit Union Administration Board.

* CoinTrapTM is not affiliated with the PCGS®.  By clicking on the link above, you are opening a browser window containing content provided by a third party website and you will be subject to any terms and conditions as set forth on that website.

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