Lear Capital Releases George Washington Coins, First In ‘Shrine of Democracy’ Series

October 10, 2023 at 09:03 AM EDT

An exciting and unique “Shrine of Democracy” gold and silver coin series issued by Lear Capital kicks off with the release of George Washington coins that celebrate the birth of the United States. The four coins in the new series each feature one of the four presidents sculpted on Mount Rushmore. They are designed to honor the accomplishments of the acclaimed presidents and the storied history of the U.S. while offering buyers the opportunity to invest in the lasting value of precious metal coins.

Lear Capital is issuing the coin series as the country approaches its 250th birthday in 2026. The coins are based on America’s “Shrine of Democracy,” as creator and sculptor Gutzon Borglum called his colossal sculpture at the Mount Rushmore National Memorial in the Black Hills of South Dakota. Completed in 1941, Mount Rushmore features 60-foot-tall busts of four presidents carved into granite: Washington, Thomas Jefferson, Abraham Lincoln, and Theodore Roosevelt.

The George Washington coins feature the face of Washington and the scripted word “Birth,” which reflects the original intention of Borglum. The native of Idaho and son of Danish immigrants wanted each presidential face to represent different aspects of American history and tradition: birth (Washington), growth (Jefferson), development (Roosevelt), and preservation (Lincoln).

“These George Washington coins, the first in our ‘Shrine of Democracy’ series, are something we have dreamed of doing and planned to accomplish for a long time. They represent our passionate belief in the principles and values of the United States, as well as our reverence for the accomplishments of these distinguished presidents,” said John Ohanesian, the CEO of Lear Capital. “We wanted to create something of inherent value with the gold and silver coins, but also something that reflects the nation’s rich history and great leaders.”

The George Washington coins include a 1.5-ounce silver coin and a 0.25-ounce gold coin. The coins are officially from the state of Niue, a self-governing territory of New Zealand where the official head of state is King Charles III. The monarch’s face is on the obverse of the coin.

The .9999 gold coin has a half-ounce denomination, while the .999 silver coin has a one and a half ounce denomination. The mintage is 300,000 for the silver coin and 30,000 for the gold coin. The George Washington coins will become available to the public mid October. The other coins in the series, which will have the same mintage and denomination, are expected to become available at a rate of one every six months.

About Lear Capital

Founded in 1997 by Kevin DeMeritt, a precious metals expert and analyst, and the author of The Bulls, the Bears, and the Bust, Lear Capital offers investors the chance to diversify their portfolios with unique approaches to purchasing precious metals, including its Gold and Silver IRAs. Employing a team dedicated to providing investors with real-time information and pricing on gold, silver, platinum, and palladium, Lear Capital is uniquely positioned to offer investors the convenience of online capabilities with the expertise and support of a brick-and-mortar institution. To date, the team has handled more than $3 billion in trusted transactions.