Monday, November 8, 2010

Official COLT® Authorised Commemorative Silver Coin Honours The M-16 Rifle

Created by the New Zealand Mint with the express authorisation of Colt®, this eye-catching commemorative celebrates the iconic M-16 rifle used by the US military for nearly 50 years.

USA 2010 $5 Colt M16 1oz Silver Proof

The M16 is the United States military designation for the AR-15 rifle. Colt purchased the rights to the AR-15 from ArmaLite and currently uses that designation only for semi-automatic versions of the rifle. The M16 is a lightweight, 5.56 mm, air-cooled, gas-operated, magazine-fed assault rifle, with a rotating bolt, actuated by direct impingement gas operation. The rifle is made of steel, 7075 aluminum alloy, composite plastics and polymer materials. The U.S. Air Force's rifle, the M16, and the United States Marine Corps and Army rifle, the XM16E1, were the first versions of the M16 rifle fielded, back in 1961. Soon, the U.S. Army standardized the XM16E1 as the M16A1 rifle, an M16 with a forward assist feature requested by the Army. All of the early versions were chambered to fire the M193/M196 cartridge in the semi-automatic and the automatic firing modes. This occurred in the early 1960s, with the Army issuing it in late 1964.

Struck to a limited mintage of just 20,000 silver coins worldwide, the Colt® M-16 Commemorative features a composite design on the reverse, showing the United States flag, which have been enhanced with colour using the New Zealand Mint's pad printing technology. Below is the image of the M-16 Caliber 5.56 mm rifle, along with the official Colt® logo. To the right are a set of stars and the Rampant Colt® design taken from the Colt family crest. On the obverse is the iconic American Eagle, together with the year of issue and face value.

Each silver coin is struck from 31.10 grams (1 ounce) of 99.99% fine silver on a 40.00mm flan to high quality Proof standards. Adding value and appeal to an already stunning release, the coin is supplied in a unique, "magazine clip" presentation case, with full-colour outer box, and accompanied by a Certificate of Authenticity.

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