Although the first Olympic coin can be traced back to 480 BC, the modern Olympics did not see its first commemoratives until 1951. The original concept of Olympic coins was that the Greeks believed that coins brought the general public closer to the Olympic games.[1] The premise was that those who could not attend the games could at least have a tangible souvenir of the event.[1]
In 1951, the government of Finland authorized the striking of the first modern Olympic coin, a 500 Markkaa. At first, the coins circulated as currency in the issuing country and the mintages were high. In borrowing from the traditions of ancient Greece, the coins were a memento of the 1951 Games, and a coin that numismatists could now add to their collection. With the exception of Canada's Lucky Loonie program and its 2007 25-cent pieces to commemorate the 2010 Vancouver Olympic Games, it is rare that Olympic coins are minted for circulation. Traditionally, Olympic coins are numismatic coins.[1]
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During the release of the first four series, a controversy was generated over the legend. The use of the legend, “IN DEUTSCHLAND” was a point of tension for East Germany. The point was raised that the legend should have read “In München”. The legend was changed for Series Five.[3]
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Starting in February 1973, the RCM engaged in a very ambitious program. At the behest of the Federal Government, led by then-Prime Minister Pierre Elliott Trudeau, it was agreed that these coins would help finance while commemorate the 1976 Summer Olympics. An Official Act – The Olympic (1976) Act – authorized the issue of the legal tender coins.
The plan was to have thirty coins: twenty-eight sterling (.925) silver coins with face values of $5 and $10, containing .723 Troy ounce and 1.44 Troy ounce of silver each respectively, and two gold coins. These coins would be categorized into seven series with each series configured into four coin sets (two five dollar coins and two ten dollar coins).[4] The seven series were constituted as follows:
100 Dollar Gold
IN PROGRESSThe Moscow Olympics were the first Olympic games to be held in a socialist country. An Act of the Soviet government authorized the Ministry of Finance and the State Bank of the USSR to issue a 28-coin collection of five and ten roubles in proof and uncirculated qualities. There was also six proof and six uncirculated gold 100 roubles, five proof and five uncirculated platinum 150 roubles, and six proof and six uncirculated 1 rouble coins.[5]
The dimensions are the same for all 1 Rouble coins.
The dimensions are the same for all the Series One Five Roubles coins.
The dimensions are the same for all the Series One Ten Roubles coins.
Five RoublesThe dimensions are the same for all the Series Two Five Roubles coins.
Ten RoublesThe dimensions are the same for all the Series Two Ten Roubles coins.
Five RoublesThe dimensions are the same for all the Series Three Five Roubles coins.
The dimensions are the same for all the Series Three Ten Roubles coins.
The dimensions are the same for all the Series Four Five Roubles coins.
The dimensions are the same for all the Series Four Ten Roubles coins.
The dimensions are the same for all the Series Five Five Roubles coins.
The dimensions are the same for all the Series Five Ten Roubles coins.
Five Roubles The dimensions are the same for all the Series Six Five Roubles coins.
Ten Roubles The dimensions are the same for all the Series Six Ten Roubles coins.
The dimensions are the same for all the 100 Roubles coins.
The dimensions are the same for all the 150 Roubles coins.
The State of California and the municipality refused to finance the Games. The U.S.S.R. refused to participate in the games as well. Legislation from July 22, 1982 authorized an issue of Olympic coins. The Bill allowed the striking of six coins bearing three different designs. The United States struck its first Olympic coins ever, and its first gold coin in fifty years.[6] Uncirculated Coins were produced at the United States Mint’s facilities in Denver, Philadelphia, San Francisco and West Point.
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[52]
As 1996 marked the centennial of the first modern Olympic games held in Athens, a series of five gold and ten silver coins were struck by five countries: Canada, Australia, France. Austria, and Greece. The concept for the program was first discussed in 1986 and 1987. The Royal Canadian Mint held the view that the Centennial of the modern Olympic Games should be commemorated. The International Olympic Committee was approached on the idea and five Mints were invited to participate in the program. This marked the first time that the International Olympic Committee participated in an international commemorative coin program.[53]
