Ron Guth: In 1992, the U.S. Mint struck specially designed Half Dollars, Silver Dollars, and $5 gold pieces to commemorate the 500th anniversary of Christopher Columbus' discovery of the New World. The obverse of the $5 gold piece features a side profile of Columbus facing left towards an outline of North and South America. The reverse shows the crest of the Admiral of the Ocean Sea with a nautical chart in the background. Both Mint State and Proof versions were struck at the West Point Mint and sold to collectors for a premium over the gold value. Portions of the profits derived from sales of these coins were given to the Christopher Columbus Fellowship Foundation (established under Public Law 102-281). Sales of the Mint State version were just under 25,000, setting a new low (at the time) for modern gold commemoratives.
Collectors should have no difficulty finding superb quality examples of this type.
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