Panama-Pacific coins routinely sell in the five- or six-figure range. More accessible are coins struck in 1936 and 1937 to mark the 75th anniversaries of two Civil War battles, at Gettysburg and Antietam respectively. Other coins seem outright curiosities today, such as the 1936 50-cent piece that celebrated the centennial of Bridgeport, Connecticut’s incorporation by placing a profile of P.T. Barnum on the obverse (the circus impresario resided there) and a stylized Art Deco eagle on the reverse.

The era of early commemorative coins ended in 1954, when the second of two coins honoring African Americans was minted. The first was a half-dollar produced to raise funds for a Booker T. Washington Memorial in Rocky Mount, Virginia. These coins were sold from 1946 through 1951, but they never raised the funds intended. In fact, the coin’s would-be beneficiary ended up in the hole.

A second half dollar, struck from 1951 to 1954, featured profiles of Booker T. Washington and George Washington Carver. The bill authorizing the coin was filled with the language of the McCarthy era—the coin’s legally binding purpose was “to oppose the spread of Communism among Negroes in the interest of National Defense." Like the first Washington coin, this one failed to do what its proponents had envisioned, and the entire commemorative coin program was put on hold until the George Washington half dollar was struck in 1982.

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