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The opening prices in proof are $450 for the gold and $75 for the silver, although they are available only as a set. For instance, France has minted a 100 franc gold and silver Statue of Liberty coin, with many being marketed in the United States. Liberty Coins are not the only coin offering these days capitalizing on the excitement that will culminate on the Fourth of July. ''But sometimes this enthusiasm wanes after the event occurs.'' ''The closer we get to the Statue of Liberty's 100th anniversary, the excitement may push the price higher,'' Mr. The reason that uncirculated gold Liberty Coins are priced higher than proof coins is that fewer were minted - about 95,000 uncirculated compared with 405,000 proof.
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Proof coins are the highest quality of coin, with a frosted finish, while uncirculated coins, also made with special care, are not as highly polished. Some retailers are even selling the coin as jewelry encased in gold and diamonds for a whopping $2,495. Harvey Stack of Stack's, another large New York dealer, said that proof coins were selling for close to $500 and uncirculated coins were available for about $700. Prices of the gold Liberty Coins have already risen substantially from the $175 level at which they were issued late last year and early in 1986. Selling the coins over the counter has tremendous potential.'' ''There were fewer bank branches and no department store sales then. ''This program is dramatically different and has a great deal more mass appeal,'' he said. Burnett added that sales of the gold and silver Olympic coins amounted to $72 million.
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Prices today range between $600 and $700, except for those minted at West Point, which are selling near the original price because of the particularly large number of coins issued there, according to Mr. Most of the $10 gold coins issued two years ago in honor of the Olympic Games are now available at a large premium over their issue price of $352. Only 45 other commemorative issues have been authorized by Congress since then, including two in recent years: the 1982 commemorative on the 250th anniversary of George Washington's birth and the 1984 Olympic coins. Their history in this country dates to the half-dollar minted at the end of the 19th century for the World's Columbian Exposition in 1893. Gerald Bauman, senior numismatist of Manfra, Tordella & Brookes, a leading coin dealer in New York, said that ''I think it will take a number of years before these things appreciate to any serious amount of money.''Ĭommemorative coins, often prized as a collectible, have their origins in ancient Greece and Rome. No one can anticipate with certainty, however, whether prices of the collectible silver Liberty Coins will rise or fall in the years ahead.