The 1918 Illinois Centennial Half Dollar holds a special place in the world of coin collecting. As one of the earliest commemorative coins issued by the United States Mint, it was created to celebrate the 100th anniversary of Illinois’ statehood in 1818. Beyond its historical significance, the coin’s intricate design and relatively low mintage make it a must-have for numismatists. In this guide, we’ll explore the coin’s history, design, mintage, and value.
History and Purpose of the Coin
In 1918, Illinois marked its centennial, and the U.S. Mint created a half-dollar coin to commemorate this milestone. The coin was authorized by Congress under the Act of June 1, 1918, and it was the first commemorative coin issued after the Barber coinage era. It also represents an early example of coins minted for fundraising purposes, as proceeds from the sale were directed to support Illinois’ centennial celebrations.
The Illinois Centennial Half Dollar was designed by George T. Morgan, the same engraver who created the iconic Morgan Dollar. Its release was particularly noteworthy because it honored Illinois’ rich history and its contributions to the United States, particularly through the legacy of one of its most famous residents, Abraham Lincoln.
Design of the Illinois Centennial Half Dollar
The coin’s design is a major draw for collectors due to its detailed artistry:
- Obverse: The obverse features a striking portrait of Abraham Lincoln, designed by George T. Morgan. Lincoln’s image on this coin is modeled after a statue created by Andrew O’Connor, capturing a dignified and introspective likeness of the 16th President of the United States.
- Reverse: The reverse shows the Illinois state seal, featuring an eagle with a banner in its beak that reads “State Sovereignty, National Union.” Surrounding the seal are inscriptions reading “Centennial of the State of Illinois” and the dates “1818” and “1918.”
Mintage and Scarcity
The U.S. Mint struck a total of 100,058 coins, including 58 pieces reserved for assay purposes. These coins were distributed mainly through banks and civic organizations in Illinois, making them relatively scarce outside the region at the time of release.
Because of the low mintage and the fact that many coins were mishandled or used as souvenirs, finding examples in high-grade conditions can be challenging. Well-preserved coins with original mint luster are particularly desirable among collectors.
Value and Grading
The value of a 1918 Illinois Centennial Half Dollar varies depending on its condition:
- Circulated Coins: Coins with noticeable wear can sell for around $100 to $250, depending on the extent of the wear.
- Mint State (Uncirculated): Uncirculated coins are significantly more valuable. Coins graded MS-63 typically sell for $500 to $600, while those graded MS-65 or higher can fetch $1,000 or more.
- Prooflike Examples: Rare prooflike versions, which exhibit a mirror-like finish, are exceptionally valuable and highly sought after by advanced collectors.
Coins with strong strikes and minimal imperfections always command a premium, especially those certified by reputable grading services like PCGS or NGC.
Tips for Collectors
- Authenticity: Ensure the coin is authenticated and graded by a trusted service. Counterfeits exist in the collectible coin market.
- Condition Matters: Prioritize coins with sharp details and original luster. Even slight wear can significantly reduce a coin’s value.
- Storage: To preserve its condition, store the coin in a protective case and avoid handling it with bare hands.
- Market Research: Check recent auction results and dealer prices to gauge the current market value.
Conclusion
The 1918 Illinois Centennial Half Dollar is a historic and artistic piece that commemorates Illinois’ 100th anniversary and Abraham Lincoln’s enduring legacy. With its low mintage, intricate design, and collectible value, it’s a standout coin in the realm of U.S. commemoratives. Whether you’re a seasoned collector or new to numismatics, this coin is a meaningful addition to any collection.
FAQs
Why is the 1918 Illinois Centennial Half Dollar significant?
It commemorates Illinois’ 100th anniversary and features a portrait of Abraham Lincoln, making it historically and numismatically important.
What is the value of the 1918 Illinois Centennial Half Dollar?
Values range from $100 for circulated coins to over $1,000 for high-grade uncirculated examples.
How can I preserve the condition of this coin?
Store it in a protective case, avoid touching it with bare hands, and keep it in a cool, dry place to prevent damage.