The 1936 Albany Silver Half Dollar is a fascinating piece of U.S. commemorative coinage, minted to celebrate the 250th anniversary of Albany, New York. Issued during the golden age of classic commemorative coins, this half dollar carries historical significance and artistic appeal, making it a prized collectible.
With a limited mintage and an intricate design, the Albany half dollar reflects the rich heritage of one of the oldest settlements in the United States. Let’s dive into its history, design, mintage, and value in today’s numismatic market.
History of the Albany Half Dollar
Albany, New York, was founded in 1686 when it received its official city charter under Governor Thomas Dongan. To commemorate 250 years of its establishment, the Albany Dongan Charter Coin Committee lobbied for a special silver half dollar, which was authorized by Congress on June 16, 1936.
The Albany half dollar was struck at the Philadelphia Mint, with a total of 25,013 pieces, including 13 reserved for assay. These coins were sold directly to the public at $2 each, a price that seemed high at the time but was common for commemorative issues of the era.
Design of the Coin
The 1936 Albany half dollar was designed by artist Gertrude K. Lathrop, who also created the 1938 New Rochelle half dollar. The coin’s design is rich with historical symbolism.
- Obverse (Front): Features a detailed beaver gnawing on a maple branch, representing the fur trade, which was vital to Albany’s early economy. The beaver was also an important symbol on early New York colonial currency.
- Reverse (Back): Depicts Governor Thomas Dongan presenting Albany’s city charter to representatives of the city in 1686. The design showcases Dutch influence in Albany’s early governance, with figures in 17th-century attire standing beneath a tree.
The coin’s intricate artwork and meaningful imagery make it stand out among other commemoratives of the 1930s.
Mintage and Collectibility
With a low mintage of 25,000 coins, the Albany half dollar remains a relatively scarce issue in the classic commemorative series. Most examples have been well-preserved, as they were often stored carefully by collectors rather than circulated.
- Well-preserved specimens in MS-65 or higher are particularly valuable.
- Lower-grade circulated coins are rare since most were kept in collections from the beginning.
- Prooflike and highly lustrous examples command premium prices.
Value in Today’s Market
As of recent auction results, the 1936 Albany half dollar can range in value depending on condition:
- MS-63 to MS-64: $200 – $300
- MS-65 to MS-66: $350 – $600
- MS-67 or higher: Over $1,000
Certified coins from PCGS or NGC with strong eye appeal tend to sell at the higher end of the price spectrum.
Conclusion
The 1936 Albany 250th Anniversary Silver Half Dollar is a standout among classic U.S. commemorative coins. With its historical significance, intricate design, and limited mintage, it remains highly sought after by collectors. If you’re a fan of commemorative coinage or U.S. history, the Albany half dollar is a worthy addition to any collection.
FAQs
Why was the 1936 Albany Half Dollar minted?
The coin was issued to commemorate the 250th anniversary of Albany, New York, recognizing its official city charter from 1686.
How rare is the 1936 Albany Half Dollar?
With a mintage of 25,000, it is considered scarce but not the rarest commemorative half dollar. Well-preserved examples in high grades are highly sought after.
What makes the Albany Half Dollar valuable?
Its historical significance, low mintage, and detailed design contribute to its value. Coins graded MS-65 or higher are especially valuable among collectors.