Finance

What Exactly Is a Challenge Coin?

Challenge coins are a great item to keep, admire and collect. Find out here exactly what a challenge coin is and how they work

Did you know that Stuart Weitzman is known for more than being a fashion mogul? In 2022, he sold a 1933 Double Eagle gold coin for $18.9 million making it one of the most valuable coins in the world. That’s nearly double the previous record for a 1794 Flowing Hair silver dollar that sold for around $10 million.

Collecting coins is about more than money. It’s a great way to remember history or commemorate a special occasion.

Do you know someone close to you who is in the military or air force? A challenge coin can make the perfect gift to add to their collection. Read on to learn more about collecting challenge coins.

What’s a Challenge Coin?

A challenge coin is a specially designed coin to honour members for their services. Each organization designs its own challenge coin. They can have the logo or the motto of the organization with designs that represent the values they adhere to such as unity or honour.

They instil a sense of pride and commitment because they need to be earned. They are seen as a good way to show appreciation for that special someone in your life who has dedicated their life to service to others.

Famous Challenge Coins

You are probably aware of the presidential challenge coin, one of the more famous versions of the challenge coin. The old presidential coin had the inscription “e Pluribus Unum” which meant “out of many, one”. This was changed in 2017 to “Make America Great Again” by former President Trump.

In October 2021, President Biden gave Pope Francis a challenge coin as a sign of respect and admiration. The challenge coin included the mark of the 261st Signal Brigade unit. This was the same unit where the President’s son, Beau Biden, served as a captain.

Collecting Challenge Coins

For those in the military or first responders, challenge coin collecting is a fun hobby with a strong history and deep sense of accomplishment. You can earn them for any event from leaving the base to getting a promotion.

When making a challenge, you want to make sure you understand the reason behind it. The reason these coins are so special is that their value goes beyond their cost.

Membership

Challenge coins are a great way to show membership to a particular organisation. These organizations usually are military ones such as the air Force challenge coin. Air force challenge coins are a long-standing tradition in the Air Force.

Awards and Recognition

Challenge coins are also a way to show appreciation for their hard work. It’s an award that people can keep and collect to remember their bravery or courage. Giving challenge coins as a reward can boost morale.

Special Events

These are also a great way to support a particular event or special occasion. It’s something to remember the event over time and look back on it with pride. It creates a strong bond among the members of the organization.

Add a Challenge Coin to Your Collection

A challenge coin is a specially designed coin that can come in many different shapes and designs. Each coin commemorates a special occasion or service. Adding these coins to your collection is a great way to start a new collection or improve your collection.

Did you enjoy reading this article? Then, you’ll love our collection of fascinating articles on investing in coins such as noble coins. Check out our blog for more such fun articles.

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