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What is in the name?
2003 First Flight Centennial Silver Dollar Coin
CoinTrapTM Commentary: Initially doubted by nearly all, the Wright Brothers transformed the world with proof of their invention of a flying machine. From the somewhat humble circumstances of these two brothers in Dayton, Ohio, these two brothers literally changed the world. They are most famous for inventing the ability to control flight including the ability to bank, ascend, and descend in a controlled manner.
The obverse features the profiles of Orville and Wilbur Wright. The reverse depicts an image of the Wright 1903 Flyer, in flight above the dunes at Kill Devil Hill, near Kitty Hawk, NC.
Not more than 500,000 of the First Flight Centennial Silver Dollar coins were minted.
Coin Value: What is the value of your First Flight Centennial Silver Dollar coin? As is nearly always the case, that depends. The First Flight Centennial 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 First Flight Centennial Silver 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 First Flight Centennial 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.
Obverse - First Flight Centennial Silver Dollar
Engraver: T. James Ferrell
Reverse - First Flight Centennial Silver Dollar
Engraver: Norman E. Nemeth
United States Mint images. CoinTrap.com is not affiliated with the United States Government in any way. Click here for terms and conditions.
50 STATES COMMEMORATIVE
COIN PROGRAM ACT
[[Page 111 STAT. 2534]]
Public Law 105-124
. . .
SEC. 6. FIRST FLIGHT COMMEMORATIVE COINS. <<NOTE: 31 USC 5112 note.>>
(a) Coin Specifications.--
(1) Denominations.--The Secretary of the Treasury (hereafter
in this section referred to as the ``Secretary'') shall mint and
issue the following coins:
(A) $10 gold coins.--Not more than 100,000 $10
coins, each of which shall--
(i) weigh 16.718 grams;
(ii) have a diameter of 1.06 inches; and
(iii) contain 90 percent gold and 10 percent
(B) $1 silver coins.--Not more than 500,000 $1
coins, each of which shall--
(i) weigh 26.73 grams;
(ii) have a diameter of 1.500 inches; and
(iii) contain 90 percent silver and 10 percent
(C) Half dollar clad coins.--Not more than 750,000
half dollar coins each of which shall--
(i) weigh 11.34 grams;
(ii) have a diameter of 1.205 inches; and
(iii) be minted to the specifications for half
dollar coins contained in section 5112(b) of title
31, United States Code.
(b) Legal Tender.--The coins minted under this section shall be
legal tender, as provided in section 5103 of title 31, United States
(c) Sources of Bullion.--The Secretary shall obtain gold and silver
for minting coins under this section pursuant to the authority
[[Page 111 STAT. 2538]]
of the Secretary under other provisions of law, including authority
relating to the use of silver stockpiles established under the Strategic
and Critical Materials Stockpiling Act, as applicable.
(d) Design of Coins.--
(1) Design requirements.--
(A) In general.--The design of the coins minted
under this section shall be emblematic of the first
flight of Orville and Wilbur Wright in Kitty Hawk, North
Carolina, on December 17, 1903.
(B) Designation and inscriptions.--On each coin
minted under this section there shall be--
(i) a designation of the value of the coin;
(ii) an inscription of the year ``2003''; and
(iii) inscriptions of the words ``Liberty'',
``In God We Trust'', ``United States of America'',
and ``E Pluribus Unum''.
(2) Selection.--The design for the coins minted under this
section shall be--
(A) selected by the Secretary after consultation
with the Board of Directors of the First Flight
Foundation and the Commission of Fine Arts; and
(B) reviewed by the Citizens Commemorative Coin
(e) Period for Issuance of Coins.--The Secretary may issue coins
minted under this section only during the period beginning on August 1,
2003, and ending on July 31, 2004.
(f) Sale of Coins.--
(1) Sale price.--The coins issued under this section shall
be sold by the Secretary at a price equal to the sum of--
(A) the face value of the coins;
(B) the surcharge provided in paragraph (4) with
respect to such coins; and
(C) the cost of designing and issuing the coins
(including labor, materials, dies, use of machinery,
overhead expenses, marketing, and shipping).
(2) Bulk sales.--The Secretary shall make bulk sales of the
coins issued under this section at a reasonable discount.
(3) Prepaid orders.--
(A) In general.--The Secretary shall accept prepaid
orders for the coins minted under this section before
the issuance of such coins.
(B) Discount.--Sale prices with respect to prepaid
orders under subparagraph (A) shall be at a reasonable
(4) Surcharges.--All sales shall include a surcharge of--
(A) $35 per coin for the $10 coin;
(B) $10 per coin for the $1 coin; and
(C) $1 per coin for the half dollar coin.
(g) General Waiver of Procurement Regulations.--
(1) In general.--Except as provided in paragraph (2), 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 Act.
(2) Equal employment opportunity.--Paragraph (1) does not
relieve any person entering into a contract under the
[[Page 111 STAT. 2539]]
authority of this section from complying with any law relating
to equal employment opportunity.
(h) Treatment as Numismatic Items.--For purposes of sections 5134
and 5136 of title 31, United States Code, all coins minted under this
subsection shall be considered to be numismatic items.
(i) Distribution of Surcharges.--
(1) In general.--Subject to section 5134 of title 31, United
States Code, all surcharges received by the Secretary from the
sale of coins issued under this section shall be promptly paid
by the Secretary to the First Flight Foundation for the purposes
(A) repairing, refurbishing, and maintaining the
Wright Brothers Monument on the Outer Banks of North
(B) expanding (or, if necessary, replacing) and
maintaining the visitor center and other facilities at
the Wright Brothers National Memorial Park on the Outer
Banks of North Carolina, including providing educational
programs and exhibits for visitors.
(2) Audits.--The Comptroller General of the United States
shall have the right to examine such books, records, documents,
and other data of the First Flight Foundation as may be related
to the expenditures of amounts paid under paragraph (1).
(j) Financial Assurances.--The Secretary shall take such actions as
may be necessary to ensure that minting and issuing coins under this
section will not result in any net cost to the United States Government.
Approved December 1, 1997.
LEGISLATIVE HISTORY--S. 1228:
SENATE REPORTS: No. 105-130 (Comm. on Banking, Housing, and Urban
CONGRESSIONAL RECORD, Vol. 143 (1997):
Nov. 9, considered and passed Senate.
Nov. 13, considered and passed House.
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