Coin Specifications

Category: Modern Commemoratives (1982-Date)
Mint: West Point
Mintage: 62,913
Obverse Designer: Elizabeth Jones
Reverse Designer: Marcel Jovine
Composition: Gold
Fineness: 0.9000
Weight: 8.3600g
AGW: 0.2419oz
Melt Value: $445.03 (12/5/2020)
Diameter: 21.6mm
Edge: Reeded
Link to this coin

1988 W OLYMPICS $5 MS obverse 1988 W OLYMPICS $5 MS reverse
Expand All    Collapse All

Description & Analysis

The summer games of the 24th Olympiad were held in Seoul, South Korea in 1988. Though the USA did not host any of the events, the issuance of commemorative coins was justified as a means of raising money for training our athletes. This argument did not convince everyone, and there was some considerable protest among hobby figures that this program was inappropriate and exploitative of collectors. Nevertheless, a bill was passed October 28, 1987 that authorized the coining of not more than ten million silver dollars and not more than one million gold half eagles. In addition to whatever price the U. S. Mint determined for these coins, surcharges of $7 and $35, respectively, were to be applied to each silver dollar and half eagle sold. This money would be forwarded to the United States Olympic Committee. As was true of several of the modern commemorative programs, both coins turned out to be collaborative efforts. The silver dollar was designed by Patricia Lewis Verani (obverse) and Sherl J. Winter (reverse). Verani's obverse features two torches held in upraised hands. The torch of Lady Liberty is seen lighting the Olympic torch, and both are framed by olive branches symbolizing peace. The date and the coin's mintmark appear in the right field, while the initials 'PV' are seen below the arm at left. The reverse design by U. S. Mint Engraver Sherl J. Winter depicts the USA Olympic logo at center, flanked again by olive branches, though these are more natural in appearance than the stylized branches employed by Verani. Winter's initials 'SJW' are placed below the stem of the right olive branch. The balance of both sides is comprised of statutory inscriptions. An uninspiring work, the 1988 Olympic silver dollar looks more like an award medal than a United States coin. The uncirculated version was struck at the Denver Mint (letter 'D' below the date), while proofs were produced in San Francisco ('S'). The list prices of these coins were $22 and $23, respectively, during the pre-order period, but these were later raised to $27 and $29 after May 15, 1988. Such figures applied to coins purchased singly or in small quantities. To encourage large sales, however, the Mint offered quantity discounts on purchases or 10,000 or more coins. A number of large wholesale and retail coin dealers took advantage of these options. A similar sliding scale was offered for the Olympic Half Eagle. In fact, the number and complexity of pricing and packaging options for this program were bewildering to many. From an artistic standpoint the gold half eagle was far superior to the silver dollar. Indeed, it was among the very few highlights in an otherwise somewhat mediocre series of modern commemoratives. For the obverse U. S. Mint Chief Engraver Elizabeth Jones created a facing bust of Nike, the goddess of victory, adorned in a laurel wreath. The simplicity of this imagery, with just the date at left and LIBERTY superimposed across Nike's neck, proves once and for all that United States coins are usually ruined through the placement of too much statutory text (the motto IN GOD WE TRUST is tastefully concealed on the ribbon that secures Nike's laurel wreath). Marcel Jovine's reverse is more routine, with a stylized Olympic flame beneath the USA Olympic logo, yet it is handled with such care that it transcends the typical treatment of these stock elements. The initials of Elizabeth Jones appear on the truncation of Nike's bust, while those of Marcel Jovine are placed on the rightmost flame of the torch. Both the proof and uncirculated editions of the Olympic Half Eagle were coined at the West Point Mint ('W'). Like the dollar coins, they sold quite well, despite the convoluted sales program with its too many options. The half eagles were priced at $200 for uncirculated coins (becoming $225 after May 15, 1988) and $205 for proof pieces ($235 for coins ordered after May 15). The silver dollar was included in 1988's Prestige Proof Set, in addition to the regular complement of cent through half dollar. These sets were priced at $45, the same as in the previous year, but sales were just over half of what they had been in 1987.

GRADE SUMMARY

Loading... Working...

Use the scroll bar at the bottom of this box to view a summary of the NGC Price Guide, NGC Census, Auction Prices Realized and NGC Registry Scores for each grade.

There was no data found for this Coin.

Select Designation

 
NGC PRICE GUIDE
NGC CENSUS
AUCTION PRICES REALIZED
NGC REGISTRY
SCORE
FIND IT ON EBAY

Select Grade

Price Guide

Last Updated: 1/23/2020

Click on a price to see historical prices, comparison charts and trends.

1988 W $5 OLYMPICS MS
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - - - - - - 400 415 425

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 2398
Low Grade: 66
Average Grade: 69
High Grade: 70

The chart showing 66 series, 67 series, 68 series, 69 series, 70 series.
NGC CENSUS DETAIL Last Updated: 12/1/2020 1988 W $5 OLYMPICS MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-----------------1110114312432398
-----------------------
-----------------------
-----------------------
Total-----------------1110114312432398
 -----------------0%0%0%48%52% 

NGC Registry

NGC Registry Score 1988 W $5 OLYMPICS MS
 PrAgGVGFVF4045505355586061626364656667686970
Base733758785813840870900930961994102710601062106310641066106710691072107611111629
7417677948228508809109409721005103810601062106310641066106710701073108712831710
0000009109409721005103810601062106310641066106710701073108700
0000009209509831016104910611062106310651066106810711074109900
Registry Image Gallery
Grade: MS 70
Points: 1629
Owner: Alaska Coin Nut
 
Grade: MS 70
Points: 1629
Owner: Alex J. Llorente
 
View the Registry Image Gallery

Related Articles

There are no related articles for this coin.

NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.