The commemorative coin, authorized by Congress, was released to celebrate the centennial of the Statue of Liberty. It is composed of 90% silver and 10% copper, with a weight of 26.73 grams and a diameter of 38.1 millimeters. The obverse depicts the Statue of Liberty, while the reverse showcases an immigrant family arriving in America.
This coin holds significance due to its historical context, marking a pivotal moment in American immigration history and the enduring symbol of freedom embodied by the Statue of Liberty. It served as a fundraiser for the Statue of Liberty-Ellis Island Foundation, supporting restoration efforts for these national landmarks. Its intrinsic silver value, coupled with its commemorative nature, contributes to its appeal among collectors and investors.