1988 Olympic Games

• Photographer Mark Fisher •

Silver Dollar

The Summer Olympic Games held in Seoul, South Korea in 1988 furnished the opportunity for the United States government to create an issue of commemorative coins. Some observers suggested that as the event was not held in the United States it was not an appropriate subject for American coinage.

Rep. Frank Annunzio, who by this time had shepherded through Congress most of the successful commemorative proposals of the decade, introduced a bill, subsequently modified and signed as Public Law 100-141 on October 28, 1987, providing for not more than 10 million silver dollars and not more than one million gold $5 pieces; the dollars to be offered at a price to include a $7 surcharge and the half eagles to bear a surcharge of $35. Coinage standards specified were similar to those used on other commemorative silver and gold coins of the decade. Profits from the coins were earmarked for the United States Olympic Committee.

The Design

The Treasury Department invited 10 private sculptors and seven Mint employees to compete to design the two coins. Each artist from the private sector received $1,000 as compensation, whether or not his or her designs were chosen.

At its meeting on January 21, 1988, the Commission of Fine Arts reviewed 60 outside designs and 24 from Mint artists. Those in attendance were asked to vote on the sketches presented, which for purposes of anonymity were marked not with artists’ names but with designations such as A-4, H-4, J-1, etc. Member Diane Wolf noted that this was a historic moment in commemorative coinage, for it represented only the second time that designs had been selected by competition and the first time that the Commission participated in the choices. It was noted that Secretary of the Treasury James A. Baker III would review the Commission’s ideas and make the final decisions.

The silver dollar obverse design chosen was a sketch by Patricia Lewis Verani, labeled H-1, which was not the obverse design recommended by the Commission (which chose J-2 instead). A Mint news release described Mrs. Verani’s work: “The obverse of the silver Olympic coin displays Lady Liberty’storch and the Olympic torch merging into a single symbolic flame. Olive branches, emblems of peace, encircle the torches.” The artist came to the Mint and worked with the staff in the production of models, as she had earlier with her designs for the 1987 Constitution Bicentennial dollar.

The design for the reverse by U.S. Mint sculptor-engraver Sherl J. Winter (labeled as L-2, the motif recommended by the Commission) featured “the five-ring logo of the U.S. Olympic Committee, framed by a pair of olive branches,” the same news release noted.

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