1991-P $1 Korean War Silver Commemorative Proof - BU

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Product ID: BST-00028610FA

Specifications

Year 1991
Precious Metal Type Silver
Format Coin
Country of Origin United States
Brand/Mint U.S. Mint
Mint Mark P - Philadelphia
Purity 0.9
Weight 0.7734 oz
Thickness (mm) 2.58 mm
Diameter (mm) 38.1 mm
Grade BU
Finish Proof

Product Details

Overview of the 1991-P Korean War Silver Commemorative Proof

The 1991-P Korean War Memorial Silver Dollar is a one-dollar commemorative coin struck by the United States Mint at the Philadelphia Mint in .900 fine silver, weighing 0.7734 troy ounces. It was issued as part of the federally authorized Korean War Memorial commemorative program and carries legal tender status under United States law. This piece is offered in Brilliant Uncirculated condition, representing one of two finish options produced for this series alongside the Proof version.

We carry this coin as part of our broader selection of United States commemorative silver issues, which attract both numismatic collectors and buyers seeking historically significant coinage from the American commemorative program.

History and Background

Congress authorized the Korean War Memorial Commemorative Coin Act in 1990 to mark the 38th anniversary of the Korean War armistice. The program was designed to raise funds for the construction of the Korean War Veterans Memorial on the National Mall in Washington, D.C., which was dedicated in 1995. Proceeds from coin sales were directed toward that effort, making this issue both a collec

Overview of the 1991-P Korean War Silver Commemorative Proof

The 1991-P Korean War Memorial Silver Dollar is a one-dollar commemorative coin struck by the United States Mint at the Philadelphia Mint in .900 fine silver, weighing 0.7734 troy ounces. It was issued as part of the federally authorized Korean War Memorial commemorative program and carries legal tender status under United States law. This piece is offered in Brilliant Uncirculated condition, representing one of two finish options produced for this series alongside the Proof version.

We carry this coin as part of our broader selection of United States commemorative silver issues, which attract both numismatic collectors and buyers seeking historically significant coinage from the American commemorative program.

History and Background

Congress authorized the Korean War Memorial Commemorative Coin Act in 1990 to mark the 38th anniversary of the Korean War armistice. The program was designed to raise funds for the construction of the Korean War Veterans Memorial on the National Mall in Washington, D.C., which was dedicated in 1995. Proceeds from coin sales were directed toward that effort, making this issue both a collectible and a piece of American memorial history.

The Philadelphia Mint, one of the oldest operating mints in the United States, produced both the Proof and Uncirculated versions of this commemorative. Philadelphia has long been associated with commemorative coinage programs, and its production standards reflect the precision expected of special-issue U.S. Mint releases. The 1991 date carries significance because it placed the coin's production at the time of the program's launch rather than at the anniversary of the conflict itself.

Design and Aesthetics

The obverse of the 1991 Korean War Memorial dollar was designed by John Mercanti and features a group of soldiers advancing, evoking the imagery later reflected in the Korean War Veterans Memorial sculptures. The composition conveys movement and resolve, with multiple figures represented in a way that honors the collective sacrifice of those who served. The inscriptions "LIBERTY" and the date appear on this side alongside "IN GOD WE TRUST."

The reverse, designed by James Ferrell, depicts a United States military eagle in flight above the Korean peninsula, framed by the inscriptions "UNITED STATES OF AMERICA," "ONE DOLLAR," and "E PLURIBUS UNUM." The overall composition carries a strong visual weight appropriate for a memorial issue. As a Brilliant Uncirculated coin rather than a Proof strike, the surfaces display a satin-like luster with sharp definition rather than the mirrored fields typical of Proof finishes.

Fractional Size and Accessibility

At 0.7734 troy ounces of .900 fine silver, this coin carries slightly less metal content than a full troy ounce, which is a standard characteristic of U.S. Mint dollar-denomination silver commemoratives produced under their longstanding weight specifications. For buyers focused purely on silver content, this is worth understanding upfront. For collectors and numismatists, the commemorative context and design quality are typically the primary considerations, and the fractional weight relative to a standard one-ounce round is a secondary factor.

The coin's denomination and U.S. Mint origin make it immediately recognizable and straightforward to handle, store, or add to an existing commemorative collection without requiring specialized equipment or packaging beyond standard coin protection.

Authenticity and Product Integrity

As a product of the United States Mint, this coin was produced under strict federal standards governing weight, purity, and die quality. The .900 fine silver specification and 0.7734-ounce weight are consistent with all silver dollar-denomination U.S. commemoratives from this era, and the Philadelphia Mint's quality controls ensure that every coin leaving the facility meets those standards. We carry this coin in Brilliant Uncirculated condition, and every piece we handle is verified for authenticity before being offered for sale.

Our authorized dealer relationships with both PCGS and NGC provide an additional layer of credibility for customers who wish to pursue third-party certification. While this coin is offered here in raw, ungraded condition, professional certification is an option available to buyers who want a formally graded example for their collection.

Condition and Packaging

Brilliant Uncirculated denotes a coin that was struck for collector purposes and has not entered general circulation. BU coins display full mint luster with sharp design details across the entire coin. Unlike Proof coins, which are struck multiple times on specially prepared planchets to achieve deeply mirrored fields, BU commemoratives receive a single strike on standard prepared planchets, resulting in a bright, lustrous surface without the frosted cameo contrast seen on Proof examples.

Individual coins are shipped in protective plastic flips to preserve their condition during transit. The 1991-P Korean War commemorative was originally packaged by the U.S. Mint in a government-issued capsule with a presentation box, though secondary market examples may or may not include original packaging. We will clearly note packaging details where applicable, and all items are handled carefully to preserve the coin's original surface and appearance.

Pricing and Market Factors

Pricing for this coin reflects both its silver content and its numismatic premium. The spot price of silver establishes a floor, while the premium above spot accounts for the coin's commemorative status, the prestige of the U.S. Mint as the issuing authority, collector demand, and the historical significance of the Korean War Memorial program. Commemorative premiums can vary more than those on standard bullion coins because collector interest and market depth differ meaningfully from product to product.

Our pricing updates in real time to reflect current silver spot prices, and the premium structure is transparent and consistent. Buyers can evaluate the full cost of ownership clearly, without hidden markups or pricing that shifts between browsing and checkout. For buyers interested in understanding how premiums on commemorative coins compare to standard bullion issues, our platform provides the context needed to make that comparison directly.

Selling and Liquidity

The 1991-P Korean War Memorial dollar circulates within an established secondary market driven by both silver buyers and numismatic collectors. Its U.S. Mint origin, legal tender status, and connection to a recognized memorial program give it broader recognizability than generic silver rounds, though liquidity will reflect collector demand patterns rather than the deeper markets associated with major bullion coins. Resale options include coin dealers, auction platforms, and numismatic-focused buyers who actively seek U.S. commemorative issues.

We operate a two-way market that supports both buying and selling, allowing customers to work within the same platform on both sides of a transaction. Competitive buyback pricing is part of how we approach the market, and we believe understanding the expected resale value before purchasing leads to more informed decisions. Our current buyback price for this coin is displayed on the product page alongside the ask price so buyers can evaluate the full spread before committing.

Why Buy the 1991-P Korean War Silver Commemorative?

This coin occupies a distinct category within the U.S. commemorative silver program, combining a meaningful historical subject with the authority of the Philadelphia Mint and the backing of an act of Congress. For collectors who focus on American commemoratives, the Korean War series represents one of the milestone issues from the early 1990s revival of the U.S. commemorative program that began in 1982. The subject matter carries lasting significance, and the coin's connection to the Korean War Veterans Memorial gives it a permanence that purely bullion-focused products do not share.

Buyers who appreciate design quality, historical context, and the institutional weight of a federally issued commemorative will find this coin compelling. It represents a specific moment in American memorialization and numismatic history, and its relatively modest original mintage compared to major bullion series keeps collector interest meaningful within its category.

Why Buy from Bullion Standard?

We have been operating as a trusted precious metals dealer since 2010, and our approach has always centered on transparency rather than pressure. Every product we list is verified for authenticity, and our pricing reflects real-time market conditions with no hidden fees or pricing adjustments at checkout. Our A rating with the Better Business Bureau reflects the consistency of that approach across thousands of transactions.

Membership in the American Numismatic Association and the National Coin and Bullion Association reflects our commitment to the numismatic community specifically, not just the broader bullion market. Our authorized dealer relationships with PCGS and NGC give customers a clear path to professional certification when that matters to their collection strategy. Whether you are purchasing a single commemorative or building out a focused collection of U.S. Mint issues, we provide the pricing transparency, authentication standards, and responsive support to make that process straightforward.

Get Near-Spot Pricing with Bullion Standard Pro

Bullion Standard Pro gives members access to live, executable wholesale bid and ask pricing across our full product catalog, including commemorative silver issues like the 1991-P Korean War dollar. Rather than relying on static retail prices, Pro members see real-time pricing that reflects current wholesale market conditions, which is particularly useful when evaluating whether a commemorative premium is justified relative to current market activity. Portfolio valuation is based on live wholesale bid prices rather than estimated retail values, giving members a more accurate picture of what their holdings are actually worth in the current market.

For buyers who want to go deeper on premium analysis, spread tightness, and how this coin's pricing characteristics compare to other commemorative or standard bullion products, Pro's research and comparison tools provide that context directly. The goal is to reduce the information gap that typically exists between retail buyers and wholesale market participants, making it easier to evaluate every product on objective terms.

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