Collectible coins are often categorized into various types, including commemorative coins, bullion coins, and numismatic coins, each with different values and purposes. Medals, unlike coins, are typically issued to commemorate a person, event, or achievement and are not intended for circulation. In the United States, the Silver Presidential Medals are a specific type of medal produced to honor presidents and their contributions. The 2020 Silver Presidential Medals were part of a series that recognized significant figures in U.S. history, offering collectors a unique piece of memorabilia in silver.