The United States Mint on Thursday at 5:00 PM Eastern Time will increase prices for the commemorative 2011 September 11 National Medals, also known as the 9/11 Silver Medals. Their prices will rise by $10 from their introductory price of $56.95 to their regular price $66.95.
Price transitions of commemoratives have been a standard practice of the Mint for some time. This year’s Medal of Honor commemorative coins and US Army commemorative coins had their prices increased about a month after they were released.
The September 11 National Medals debuted on June 20, 2011. They are produced in commemoration of the 10th anniversary of the September 11, 2001 terrorist attacks on the U.S. and the establishment of the National September 11 Memorial & Museum at the World Trade Center (http://www.911memorial.org/).
The medals are struck to collector proof quality and contain one ounce of .999 fine silver. They are slightly larger than modern silver commemorative coins in that their diameters are 1.598 inches compared to 1.5 inches, and the medals have a smooth edge whereas most coins have a reeded or incused edge.
9/11 Medal Prices, Latest Sales Figures
Two United States Mint facilities are manufacturing the medal and putting their mintmark on the reverse side. They are the West Point (W) and Philadelphia (P) Mints.
Since their release, the U.S. Mint has sold more September 11 National Medals from West Point than Philadelphia. The following stats are the current medal prices and what they will increase to after 5:00 PM on Thursday, August 18. The far right column includes the latest sales figures as published by the Mint as of Monday, August 15.
|Introductory Prices||Regular Prices||Total Latest Sales|
|9/11 Silver Medal (W)||$56.95||$66.95||84,823|
|9/11 Silver Medal (P)||$56.95||$66.95||49,567|
The current sales levels are substantially short of the allowed maximum mintages. The National September 11 Memorial & Museum Commemorative Medal Act (Public Law No: 111-221) authorizes a total of 2 million across both options. The Act also permits the United States Mint to offer the medals much longer than typical commemoratives, which in this case is until December 2012. Most commemoratives may be sold by the Mint only for one calendar year.
A $10 surcharge per medal is mandated for the National September 11 Memorial & Museum to support its operation and maintenance after completion. The combined 134,390 medals sold up through August 15 represents total sales of $7,653,510.50, with $1,343,900 of that in surcharges for the memorial and museum.
Free Gift Offer Expires on August 18
August 18 is also the final day to receive a free gift. Since the U.S. Mint is postponing shipments until September 1, it is including a complimentary frameable document in every order received between June 20, 2011 and August 18, 2011. The unique document features the medal’s artwork and descriptions about its designs.
As the Mint describes on its online ordering page, "the heads (obverse side) design features Lady Liberty holding up the Lamp of Remembrance. Behind her are beacons of light stretching skyward. Liberty, the lamp and the light symbolize not just the immeasurable loss on that fateful day, but also the resiliency and triumph of those who persevered." Its inscriptions are ALWAYS REMEMBER and 2001-2011.
The reverse side "depicts an eagle, symbolizing the strength of the survivors, families and Nation, against a backdrop of cascading water. The flowing water is emblematic of peace, serenity, healing and the continuity of life." Its inscriptions include HONOR and HOPE.
The commemorative 2011 September 11 National Medals may be purchased directly from the United States Mint website at http://catalog.usmint.gov/, or through its toll free number 1-800-USA-MINT (872-6468).