Released on August 28, 1992, this commemorative coin was released in honor of the 500th Anniversary of the discovery of America by Christopher Columbus.
Surcharges were authorized as $35 per gold, $7 per silver, and $1 per clad coin for the Christopher Columbus Fellowship Fund to be available to the Christopher Columbus Fellowship Foundation.
The obverse design of the coin features a side profile of Christopher Columbus.
The reverse of the coin features the crest of the Admiral of the Oceans, an honor that was bestowed upon Columbus, and a map overlapping the western Old World with the date 1492.