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2003 First Flight Centennial Gold $10 Coin

CoinTrapTM Commentary: Initially doubted by nearly all of the press and public, the Wright Brothers transformed the world with proof of their invention: a flying machine. A new era of human transportation sprang from the somewhat humble circumstances of these two brothers in Dayton, Ohio.  They are most famous for inventing the ability to control flight, that is, the ability to bank, ascend, and descend in a controlled manner.

The obverse features a portrait of Orville and Wilbur Wright.  The reverse shows an eagle in flight, above an image of the Wright 1903 Flyer, the first powered, heavier-than-air machine to achieve controlled, sustained flight with a pilot aboard.

Not more than 100,000 of the First Flight Centennial Gold coins were minted.

Coin Value: What is the value of your First Flight Centennial Gold coin?  As is nearly always the case, that depends. The First Flight Centennial Gold $10 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 Gold $10 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 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.

2003 First Flight Centennial Gold Coin - Obverse

2003 First Flight Centennial Gold Coin - Reverse

Obverse - First Flight Centennial Gold

Engraver:  Donna Weaver

Reverse - First Flight Centennial Gold

Engraver: Norman E. Nemeth

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

                               COIN PROGRAM ACT

    [[Page 111 STAT. 2534]]

    Public Law 105-124
    105th Congress

                                     An Act
    . . .


       (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
                   Advisory Committee.

       (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
                   Carolina; and
                       (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.


    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.


* 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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