US - HISTORICAL STONE MOUNTAIN MEMORIAL SILVER 50 CENTS, 1925, KM# 157

Description: Beautiful historical Stone Mountain Memorial Commemorative Silver 50 CENTS, dated 1925. The coin is identified as KM# 157. A bit of history. This coin was struck to help raise funds for the completion of the carving honoring Southern Civil War heroes at Stone Mountain, Georgia. The project, which began in 1916, was not completed until 1970, after the State of Georgia intervened. In the mid 1920’s, with the hope of finishing the project in a timely manner, the Stone Mountain Confederate Monumental Association decided to raise funds for the project via a commemorative coin. With strong support for the project from President Calvin Coolidge, a bill was easily passed on March 17th, 1924 authorizing the minting of up to 5 million half dollars in commemoration of the soldiers of the South. The models for the coin were furnished by Stone Mountain’s original sculptor Gutzon Borglum, who was fired soon after due to many disagreements with the Association. Borglum’s obverse features Confederate war heroes Generals Robert E. Lee and Stonewall Jackson on horseback. Above them is the motto IN GOD WE TRUST. Below to their left is STONE MOUNTAIN and the date, 1925. The reverse features a stoic eagle perched on a rock surrounded by a multitude of text. Above the eagle around the periphery are UNITED STATES OF AMERICA and E PLURIBUS UNUM. To its left is the inscription MEMORIAL TO THE VALOR OF THE SOLDIER OF THE SOUTH. LIBERTY and HALF DOLLAR can be found below. Less than half of the maximum mintage was actually coined, about 2,310,000 pieces. These were offered at $1 each. Some were even counter stamped with the initials of various southern states with a range of serial numbers and then auctioned off to the highest bidder. Even with that special marketing ploy, sales lagged behind. One million coins eventually ended up in the smelter, leaving a net mintage of 1,310,000 pieces. Even this proved too high, however, and many of those were released into circulation at face value. Your coin will be supplied as soon as payment is received. If you have any questions let me know before you bid. Shipping in the US is free. These rates do not apply to foreign purchasers, the rates depend on the country. You can rest assured I will find the cheapest and safest option, please check before you bid. I combine shipments. Thanks and good luck!

Price: 89.75 USD

Location: Bloomington, Indiana

End Time: 2025-01-20T16:00:18.000Z

Shipping Cost: 0 USD