Art Contest with Collectible Coins

by blackspanielgallery

The State of Alaska has an interesting art contest annually. The winning design is placed on the Official Alaska State Medallion, which is highly collectible.

The State of Alaska has, by statute, created an annual art contest. The winning entry is used on the Official Alaska State Medallion. This medallion has become prized as a collectible. One must wonder why other governments have not modeled similar contests and the ensuing medallions. It is a great way for a government to generate some income other than taxation, and has little risk of bringing a loss about.

This is a wonderful way for a government to support the arts, and the minting of the annual medallions that evolves makes some interesting promotional pieces for the region. In addition, if the minting is done within the state, or other governmental division where states do not exist, there is employment to some residents that will result from the minting and sale of the commemorative pieces.

Although these medallions are not technically coins, there is an appeal to coin collectors in that there is an official decree made by an entity of authority.

There are many positives with no apparent negative, so I cannot understand why this is not emulated by other governing units.

The Statute

The Official Alaska State Medallions are authorized by state statute 44.09.017.  This statute provides for an art contest to be held annually, open to residents of Alaska.  The winning design is to be used only to produce the medallions in a quantity to meet the demand of that year, and no more shall be made.  The design must pertain to Alaska to be accepted in the contest.

The State Seal

One side of every Official Alaska State Medallion must bear the seal of the State of Alaska.  This side does not change annually.

 

The image used as the introduction image belongs to Black Spaniel Gallery.

The Winning Designs

The design must be pertinent to Alaska.  Since the first medallion the winning designs have always been images of wildlife native to Alaska or to the waters off Alaska.  

 

The 2016  design, Wolf in Front of Denali, includes both wildlife and a mountain making it a particularly beautiful design.

 

The other designs, starting with the first year of 1992, are shown below.

 

1992 EAGLE

1993 WOLF

1994 GRIZZLY BEAR

1995 PUFFINS

1996 CARIBOU

1997 MUSK OX

1998 MOOSE

1999 RAM

2000 FOX

2001 MOUNTAIN GOAT

2002 KING CRAB

2003 LYNX

2004 POLAR BEAR

2005 BLACK-TAILED DEER

2006 KING SALMON

2007 GEESE

2008 ALASKA WILDLIFE

2009 HUMPBACK WHALE

2010 BLACK BEAR

2011 BALD EAGLE

2012 WOLVES

2013 PTARMIGAN

2014 MOOSE

2015 POLAR BEARS

 

Notice that once an animal is used it remains available to be used in the future.

 

Ebay often picks up both Official Alaska State Medallions and other Alaska medallions.  It depends on how the wording is added to the listing/

2016 Official Alaska State Medallion

2016 1/2 Oz Silver Official Alaska State Medallion Denali Wolf

Time left: 1 week, 1 day
Fixed price: $40.00  Buy It Now

Silver Alaska State Medallions

Alaska Mint Official State 1995 PUFFIN PROOF-LIKE MEDALLION 99...

Time left: 1 week
Fixed price: $44.88  Buy It Now

Alaska Mint Silver/ Gold 1Oz Proof 2014 Official State Medal...

Time left: 3 days, 17 hours
Current bid: $139.99  Place bid

1 Oz Proof Silver Medallion Alaska Mint 1993 Official State Me...

Time left: 3 weeks, 5 days
Fixed price: $74.99  Buy It Now

Alaska Mint Official State 1998 BULL MOOSE .999 Silver Proof 1...

Time left: 1 week, 3 days
Fixed price: $74.88  Buy It Now

The Different Versions of the Medallions

The proof Official Alaska State Medallion is usually minted in low numbers, and many older medallions command a high value. 

 

The medallions are minted in fine silver, and in pure gold.  They are also minted in fine silver gilded with gold selectively, making for some strikingly beautiful pieces.  In 2016 bronze medallions are also being minted for the first time.

 

The medallions come in a multitude of sizes, and some sizes like the two ounce silver medallions have had extremely low mintages.

 

One word of caution is needed.  The proof medallions are the prized collectibles, but a proof-like medallion is also available at a lower price.  These can be distinguished by the edge.  A proof medallion has a plain edges with the serial number engraved into it.  The proof-like medallions have reeded edges, which is a series of high and low lines, like the old silver coinage of the United States, and carried to modern times in the quarters and dimes.

 

As with coins, a medallion missing its original box or its Certificate of Authenticity may have a reduction in what collectors are willing to pay.

 

Official Alaska State Medallion

Alaska Mint Silver/ Gold 1Oz Proof 2014 Official State Medal...

Time left: 3 days, 17 hours
Current bid: $139.99  Place bid

Alaska Mint Silver/ Gold 1Oz Proof 2014 Official State Medal...

Time left: 3 days, 17 hours
Current bid: $109.98  Place bid

Alaska Mint

The Limit on Minting

The Official Alaska state Medallions are limited to the demand during the year of issue.  However, they are made by the Alaska Mint, which is a private mint in Alaska.  The same animals often appear in other medallions minted by the Alaska Mint.  As long as the same design is not used these are allowed, but collectors of the Official Alaska State Medallions are unlikely to pay a high premium for them. 

 

The other series minted by the Alaska Mint that may have some collectability above the generic medallions are the Iditarod medallions, but I choose to not include them here because I am not convinced the dogs should have to endure the race.  

 

This article contains links to affiliate programs from some or all of Amazon, Viglink, and Ebay through Viglink, and Adsense advertising.  These must use cookies to allow for proper crediting. 

Updated: 04/01/2016, blackspanielgallery
 
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Tolovaj on 01/20/2016

Very interesting! You mentioned many positives and no apparent negative. We have similar situation in Slovenia. Our coins are relatively rare and unknown, but we could make them an alternative to Vatican's collections. Unfortunately there is no vision behind the program and the distributor even closed the list of subscribers which guaranteed each subscriber to have 30 days, when new coin waits for him, so with each new issue collectors risk to stay without a coin. I think we all need more of entrepreneurial spirit in this area!

blackspanielgallery on 01/19/2016

The rules of the contest do not specify wildlife, but it has been the recurring theme.

DerdriuMarriner on 01/19/2016

blackspanielgallery, This is a charming way to track what wildlife abounds or needs protection in Alaska. It's interesting that in the middle of all that specificity, only one is general: Alaskan wildlife.

blackspanielgallery on 01/10/2016

There is a site that has all of the images, but I did not have the rights to copy from it. The one shown is the Alaska Seal side of the Puffins, medallion, which my small coin Ebay store sold years ago. I kept the image.

CruiseReady on 01/10/2016

This is the first I have heard of these medallions, but what a nice idea it is! Some of the ones from past years are just gorgeous/

blackspanielgallery on 01/06/2016

There are older ones that come to about $300, but the newer ones are not quite so high. I would look to the source, the Alaska Mint. Still, they are high. Mintage in any given year varies, and is set by demand. Only once, I believe, has the mintage exceeded 10,000, and many are much fewer. Currently the Alaska Mint is selling the proof-like coins, and last week the price was $39 for the silver one ounce ones. I believe that is the current price, but I was really checking on the 2016 design for the article.

Mira on 01/06/2016

I think it's a wonderful initiative. I see the coins are rather expensive (close to $100). How many coins do they mint in any given year?

blackspanielgallery on 01/05/2016

I am surprised at how few some of these were made. I once read some two ounce silver medallions had less than twenty made.
I would think a country would not enter into such a minting since it could easily design a real coin, but in your part of the world a county might take up the idea.

Veronica on 01/05/2016

What a lovely article and excellent idea. I like how the coin has to pertain to Alaska ; that makes it more meaningful.

The year by year account of what has been used is very interesting. I was unaware that Puffins were pertinent to Alaska and have no idea what a Ptarmigan is . :)

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