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 full-length portrait of Christopher Columbus at landfall, arms outstretched, with his disembarking crew and a small boat behind him to his right, and a ship behind him on the left.
The reverse features three ships under sail within an inner circular border.