The House Committee on Banking and Currency proposed on July 24, 1973 that the United States should make commemorative coins to celebrate the American Revolution Bicentennial, notes U.S. Coins. Hundreds of millions of Bicentennial coins, dated 1776 to 1976, were created in 1975 and 1976, with two types of lettering on the reverse sides of the coins. An open competition was held for the reverse side of the Bicentennial coins and over 900 designs were submitted.
These coins were struck in the typical copper-nickel composition as well as a 40 percent silver composition for collectors sold in mint sets and proof sets. The U.S. Mint refined the lettering on the reverse side of the Bicentennial coins: creating two different versions of the coins. Silver collector editions are only available in the first type set. The contest-winning designs were a revolutionary drummer boy on the quarter, the Independence Hall on the half-dollar and the Liberty Bell with the moon behind it on the dollar coin.
Circulated Bicentennial coins are only worth face value, either 25 cents, 50 cents or $1. Usually uncirculated coins are worth up to double or slightly more than their printed value. All coins minted to celebrate the Bicentennial are legal tender and intended for circulation, however only the quarter is commonly found.