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2002 U.S. Military Academy Bicentennial Silver Dollar Coin

CoinTrap^TM 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.

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.

* CoinTrap^TM 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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